"We are very pleased that Don has agreed to sign a long-term contract extension with the Coyotes," NHL Deputy Commissioner Bill Daly said in a statement issued by the team. "Since joining the team in 2007, Don has done an outstanding job managing his team and building a competitive roster that has produced on the ice, even given less than ideal circumstances off the ice. The NHL remains committed to securing the Coyotes' future in Glendale under new ownership, and we believe Don's long-term agreement evidences that he is equally committed."
The Coyotes finished 10th in the Western Conference this season, four points out of a playoff berth, snapping a streak of three straight seasons with a spot in the Stanley Cup Playoffs.
Maloney has been with the Coyotes since May 2007, and while dealing with uncertain ownership issues, built a team that went to the Western Conference Finals for the first time in franchise history in 2011-12. He also was the initial winner of the NHL General Manager of the Year award in 2010, after the Coyotes set franchise-highs with 50 wins and 107 points and finished fourth in the Western Conference.
"I am grateful to continue working for this franchise," Maloney said in the statement. "We have a strong core of talented people, both on and off the ice, who are committed to building a championship team and a first-class organization. I would like to thank NHL Commissioner Gary Bettman and Deputy Commissioner Bill Daly for their tremendous support these past few years."