It will be the first time the Coyotes will pick that early in the first round of the draft since 2015 when they selected Dylan Strome third overall.
General Manager John Chayka appears content to keep the No. 5 pick, but is open to trade talks. After consulting with the team's amateur scouting staff throughout the season and, more recently, at the 2018 Scouting Combine in Buffalo, Chayka is confident there are five impact players available in this draft.
"The immediacy of it I'm not exactly sure because that's up to the player and how they develop in the next three, four months, but I do believe there's an impact player that can make a real difference in our organization in the top five of this draft," Chayka said. "We're not sure what's going to happen with the first four picks ahead of us, but we're not really too concerned because there are people at that No. 5 slot that we're really passionate about and we think can make a difference."
Picking fifth has worked out well for many NHL teams in the past.
For example, the Pittsburgh Penguins used the fifth overall pick to select forward Jaromir Jagr in 1990 and Jagr, of course, just recently concluded a legendary NHL career at age 46. He played 1,733 games and notched 1,921 points.
The Montreal Canadiens landed Vezina-Trophy winning goalie Carey Price with the fifth overall pick in 2005 and he's closing in on becoming just the 35th NHL goalie to notch 300 career wins.
And the Boston Bruins snatched forward Phil Kessel fifth overall in 2006 and he's proven to be a prolific NHL goal scorer having netted 20 goals or more in each of the past 10 seasons.
Other noteworthy fifth-overall picks include Thomas Vanek (2003), Karl Alzner (2007) and Brayden Schenn (2009).
