GLENDALE, Ariz. -- After months of deliberation, Shane Doan has decided to stay with the only franchise he's ever played for.

Doan has signed a four-year contract with the Phoenix Coyotes, reportedly worth US$21.2 million with a $2-million signing bonus.

Doan has been with the Winnipeg/Phoenix franchise for 16 years, serving as captain since the start of the 2003-04 season.

The 35-year-old native of Halkirk, Alta., had 22 goals and 28 assists last season, finishing third in team scoring. He has reached the 20-goal plateau 11 times in his career.

In his career, Doan has 318 goals, 470 assists, 788 points and 1,071 penalty minutes in 1,198 games. He was drafted by the former Jets seventh overall in the 1995 NHL draft, playing one season in Winnipeg before the team relocated to Phoenix.

Doan was a free agent this off-season, and while he indicated a preference to stay in Phoenix he was talking to other teams due to the Coyotes' volatile ownership situation.

Owner-in-waiting Greg Jamison is close to working out a restructured lease agreement with the City of Glendale and is expected to purchase the team from the NHL.

Doan is the lone player from the Coyotes' Winnipeg days, and is the NHL's active leader in games played with one team. He helped lead the Coyotes to the Western Conference finals for the first time last season.

-- With files from The Associated Press.