Dave Tippett stuck with the Arizona Coyotes through four seasons of playing without an owner, five years of losing since the franchise's greatest success in the desert and the start of a rebuilding process.

Tippett and the Coyotes mutually agreed to part ways Thursday night, a move that comes as owner Andrew Barroway revamps the franchise.

"After some thoughtful discussions with Andy, we both agreed that it was best for me to move on," Tippett in a statement. "I have thoroughly enjoyed my time with the Coyotes and wish Andy and the entire organization all the best in the future."