Until a new lease deal is ironed out, the Coyotes' future in Arizona remains in limbo, and as such, Tippett's hesitant to re-sign with the club.
"To me it's a challenge," Maloney told the Arizona Republic. "I think it's been shown with great coaching, with Dave Tippett, with great chemistry and great goaltending, you can win here."
The Coyotes are also hoping to re-sign goalie Mike Smith and center Boyd Gordon, but they too are waiting to see how the ownership situation pans out before committing to the team.
Maloney told the Republic he briefly spoke with Smith's agent last week.
"We have a lot of work to do," he said.