The Arizona Coyotes have a new home for the next few years.

Arizona reached a multi-year agreement with Arizona State to play at the Sun Devils’ new multi-purpose arena, the NHL team announced Thursday.

The Coyotes will play all their home games at the 5,000-seat arena beginning next season and through 2024-25 with an additional option for the 2025-26 season.

As part of the agreement, the Coyotes agreed to pay rent and construction costs for the arena's redevelopment plans upfront, according to Sportsnet's Elliotte Friedman.

"This will be an incredible, intimate, and exciting fan experience in a state-of-the-art new arena in a fantastic location in the heart of Tempe," Coyotes president and CEO Xavier A. Gutierrez said.

The city of Glendale announced earlier this season that it will terminate its lease with the Coyotes at Gile River Arena. The club filed a bid for a new permanent arena in Tempe in September but is still awaiting approval for construction.

"The National Hockey League thanks Arizona State University for its support of the Coyotes during this transition period and for what will be just its latest major commitment to growing our game in the Valley," NHL Commissioner Gary Bettman said.

He added: "Hockey is thriving in Tempe, and we are delighted that the Coyotes' passionate fans will get to experience ASU's on-campus energy while the club's new arena is being built."

Copyright © 2022 Score Media Ventures Inc. All rights reserved. Certain content reproduced under license.