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Coyotes' coach gets new contract

The Phoenix Coyotes and coach Dave Tippett have agreed to terms on a contract extension.

Tippett told TSN that the deal is for five years.

The commitment between team and coach comes amid the franchise's unsettled future in Arizona. A group of investors interested in buying the Coyotes from the NHL continues last-ditch efforts at hammering out a lease agreement with the City of Glendale.

The Coyotes finished 21-18-9 in the lockout-shortened season, missing the playoffs in Tippett's fourth season as coach.

The Coyotes are 156-96-42 under Tippett and reached the Stanley Cup playoffs in each of his first three seasons.

"I am thrilled to stay with the Coyotes," Tippett said in a statement released by the team. "[GM Don Maloney] has done a very good job of assembling a great staff and group of players here and I like the direction we are headed."