After a summer of speculation, the Shane Doan free agent saga may be finally drawing to a close.

Doan has “deal in principle” with the Coyotes.

AZCENTRAL.COM: Sarah McLellan yesterday reported the Phoenix Coyotes have a “deal in principle” with right wing UFA Shane Doan, but won’t sign the contract until prospective owner Greg Jamison completes his bid to purchase the team prior to the end of the current CBA on September 15.

 “Settling the sale hasn’t been easy. The latest obstacle is the city of Glendale’s desire to rework the 20-year, $324 million lease agreement previous agreed on by both sides.

While negotiations on this matter can continue, time is running out to keep Doan. He will sign a contract before the current collective bargaining agreement expires in a week. Without a new labor agreement in place, the NHL plans to lock out the players.”

Dan Bickley reports Doan remains confident the sale of the team to Jamison will go through on time.

VANCOUVER PROVINCE: Jason Botchford noted reports claiming Doan’s new deal is for four years and worth $21.5 million.

NEW YORK POST: also noted Doan’s deal in principle with the Coyotes. The NY Rangers, Vancouver Canucks and Pittsburgh Penguins were rumored to be on Doan’s short list of options if a deal with the Coyotes wasn’t possible.

SPECTOR’S NOTE: It’s still possible the sale of the Coyotes could be stalled by the city of Glendale before September 15th, but at this stage, it appears Doan will be staying put. If his deal is four-years and $21.5 million, that breaks down to an average annual cap hit of $5.375 million, which is only a slight raise over the $4.55 million per season he earned on his previous contract. While it seems folly to pay an ageing star (Doan turns 36 this fall) that much, it’s more sensible than the four-year, $30 million deal ($7.5 million per season) the Buffalo Sabres were rumored to have offered.