The Coyotes are being very cautious with their top trade chip, defenseman Jakob Chychrun, general manager Bill Armstrong said Tuesday on Arizona Sports radio.
"We've got to make sure that as an organization, we're not just getting rid of somebody to get rid of somebody," Armstrong said. "We're moving somebody along that it's going to help the Coyotes, it's going to benefit us in years, whether that be picks or prospects. We're at that point. We're deadlocked in negotiations and here we go."
Armstrong acknowledged that the Coyotes are in the middle of a rebuild, about 40 percent of the way through, though they've played well of late, going 3-0-1 in their past four games.
Chychrun has been held out of the lineup ahead of the deadline and hasn't played since Feb. 10, but practiced Tuesday for the first time since Arizona announced he would be a healthy scratch for trade-related reasons.
Coach Andre Tourigny said no decision has been made on if Chychrun will play against the Calgary Flames at Mullett Arena on Wednesday (9:30 p.m. ET; SN1, SNW, TVAS, BSAZ, ESPN+, SN NOW).
"He's a member of the team," Tourigny said. "It's day to day. Today he's practicing with us. We'll see what the day brings and we'll go day to day. For now, it's what it is."
The 24-year-old has 28 points (seven goals, 21 assists) in 36 games this season. He has two years with an annual average value of $4.6 million remaining on his contract.
"We had some meetings about it to say, listen, as we're going through the process -- this is our last chip in the rebuild -- we're going to get maximum value for you," Armstrong said. "So it's important for us to make sure that we do this right, if it happens.
"And he's been great about it. He has upped his game. He has played well. He's been a great teammate. He's been unbelievable, been very professional. So he's made this really easy on our side. And we've said to him, if we can't get what we want, then it is what it is and you'll be a Coyote. He's been great with that process."