John Gambadoro @Gambo620
Shane Doan has signed a 4-year $21.2 million contract with $2 million in bonus money to remain with the Phoenix Coyotes.
Sarah McLellan @azc_mclellan
Shane Doan has decided to remain with the #Coyotes.
Darren Dreger @DarrenDreger
4 yrs,$21.2 for Doan to stay in Phx.$2 mil in bonus will be deferred until after contract expires.$1 mil in 2016-2017 and $1 mil year after.
Staying put: Shane Doan signs four-year deal with Phoenix Coyotes
Read more: http://www.azcentral...l#ixzz26TpqCnXB
The lure of security, a lucrative contract and a bonafide chance at a Stanley Cup was available to Coyotes captain Shane Doan.
But instead of pursuing those options as one of the more-coveted unrestricted free agents in the NHL, Doan cemented his loyalty to the only franchise he's ever known.
After weeks of waiting, Doan signed a four-year contract worth $21.2 million with a $2 million signing bonus with the Coyotes on Friday, preserving a 16-season relationship with the franchise that started in Winnipeg.
The deal was accomplished a day before the NHL will lock out the players Saturday, after the league and NHL Players' Association couldn't reach a new collective-bargaining agreement.
Considering Doan's patience this summer, the decision hardly is a surprise. His top priority was to remain with the Coyotes, and he initially refused to entertain other offers in hopes of giving the team, the city of Glendale and prospective buyer Greg Jamison time to facilitate a deal.
Doan, 35, decided to wait until July 9 to start negotiations. That was the day Glendale officials said signatures were due for a possible referendum on the city's proposed $324 million lease agreement with Jamison.
Signatures were not submitted to the city by that deadline, hinting that headway could be made with Jamison's bid, but Doan's camp still hadn't reached a decision. Doan continued to wait for even more clarity on Jamison's bid and the likelihood the team would remain in the Valley.
Meanwhile, interest for Doan's services began to peak. He became one of the last coveted free agents, and a growing list of teams clamored for his offense and leadership qualities. He visited with the New York Rangers, Philadelphia Flyers and Vancouver Canucks.
In total, 16 teams expressed interest and six presented formal offers, with a rumored four-year contract worth $30 million from the Buffalo Sabres headlining the batch.
Doan's final deadline was Saturday. He wanted to sign a contract before the current CBA expires, avoiding the uncertainty of a new deal. He had a deal in principle worked out with the Coyotes but listed the Canucks as his No. 2 option.
Doan was drafted seventh overall in 1995 by the Jets. He spent only one season in Winnipeg before the franchise relocated to Phoenix.
During his time with the Coyotes, Doan became an All-Star, reached the 1,000-game plateau and scored 30 goals twice. He was recognized for his leadership by the league and was continuously involved with the community.
His tenure as captain is tied for the second-longest among active players.
Edited by Strombone1, 14 September 2012 - 08:22 PM.