Skip to content

Penguins GM says Malkin might draw team’s highest salary

Jan 7, 2013, 6:32 PM EDT

Sidney Crosby, Evegeni Malkin AP

The Pittsburgh Penguins made a massive investment by signing Sidney Crosby to a 12-year, $104.4 million deal, but re-signing Evgeni Malkin might even be more expensive. At least on average.

Penguins GM Ray Shero admitted to the Pittsburgh Tribune-Review that he “discussed the likelihood” of Malkin becoming the team’s highest-paid player with Crosby during their June 2012 contract discussions.

Making that happen won’t be easy; both Malkin’s and Kris Letang‘s contracts expire after the 2014-15 campaign.

“I did not anticipate what the salary-cap number would be, but I‘ve said over the years that you had to anticipate the (last labor contract) was ending,” Shero said. “And I wanted to be in a position to sign (captain Sidney) Crosby, Malkin and (defenseman Kris) Letang.”

Shero didn’t explain how he could pull that off, however.

It remains to be seen if Malkin’s annual cap hit climbs from his current one, which matches Crosby’s $8.7 million mark. Letang should expect a massive bump from his $3.5 million rate, on the other hand.

Could that mean a buyout for someone who had a disappointing season for his price like $5 million defenseman Paul Martin? That’s unclear, but here’s what Shero had to say about him:

“He‘s embarrassed by the year he had,” Shero said. “He‘s promised to be the player we know he is, but it‘s up to Paul to bounce back.”

And then it will be up to Shero to decide who comes back, in the long run.

Latest Posts
  1. Report: Wild’s Backstrom suffered serious nerve damage in elbow

    Jul 6, 2015, 11:22 PM EDT

    Niklas Backstrom AP

    “It happened pretty fast. All of a sudden two fingers are not working.”

  2. Oilers taking Schultz to arbitration

    Jul 6, 2015, 9:59 PM EDT

    Justin Schultz Getty Images

    25-year-old defenseman struggled mightily last season.

  3. Coyotes sign No. 3 overall pick Strome to entry-level deal

    Jul 6, 2015, 8:48 PM EDT

    Dylan Strome Dylan Strome

    Connor McDavid’s running mate in Erie was the OHL’s leading scorer last season.

  4. Expansion process underway as NHL sends out applications

    Jul 6, 2015, 7:25 PM EDT

    OTTAWA, ON - APRIL 26:  NHL Commissioner Gary Bettman addresses the media prior to Game Six of the Eastern Conference Quarterfinals during the 2015 NHL Stanley Cup Playoffs at Canadian Tire Centre on April 26, 2015 in Ottawa, Ontario, Canada. The Montreal Canadiens eliminated the Ottawa Senators by defeating them 2-0 and move to the next round of the Stanley Cup Playoffs. (Photo by Minas Panagiotakis/Getty Images) Getty Images

    Quebec City and Las Vegas have already expressed interest.

  5. Caps ink Kuznetsov to two-year, $6 million extension

    Jul 6, 2015, 6:08 PM EDT

    Washington Capitals v Philadelphia Flyers Getty Images

    Russian forward is coming off a solid rookie campaign.

  6. Bishop Effect: 6-foot-9 goalie ‘trying to make a name for myself’ at Vancouver’s prospect camp

    Jul 6, 2015, 4:29 PM EDT

    JohnMcLean

    That’s him in the blue shirt, standing next to ex-NHL goalie Dan Cloutier… who is 6’1.

  7. Veteran d-man Gervais signs in German League

    Jul 6, 2015, 3:13 PM EDT

    Spent last year with Colorado’s AHL affiliate.

  8. Sabres fill out Bylsma’s staff, hire Lambert away from WHL team

    Jul 6, 2015, 2:17 PM EDT

    2015 Memorial Cup - Championship Getty Images

    His Kelowna Rockets went to the 2015 Memorial Cup.

  9. In pitching free agents, honesty is best policy for Coyotes

    Jul 6, 2015, 12:55 PM EDT

    Don Maloney AP

    “You basically say, ‘I have no idea what’s going on, but it’s a great place to play and we have great fans and a great stadium.'”

  10. Blues add depth on D, sign Benoit

    Jul 6, 2015, 12:02 PM EDT

    Buffalo Sabres v Dallas Stars Getty Images

    Played 59 games for the Sabres last season.

  11. Babcock expects Kadri to be ‘an elite player’

    Jul 6, 2015, 11:23 AM EDT

    Nazem Kadri Getty Images

    “He gets to come in and have a heck of a year and put the screws to us.”

  12. No expansion bid expected from Kansas City

    Jul 6, 2015, 10:52 AM EDT

    Los Angeles Kings v St. Louis Blues Getty Images

    They have the arena, but not the potential owner.

  13. Leafs sign Matthias — one year, $2.3 million

    Jul 6, 2015, 10:12 AM EDT

    Tuukka Rask, Shawn Matthias, Dennis Seidenberg AP

    Finished with a career-high 18 goals last season in Vancouver.

  14. Report: Caps, Kuznetsov working on a 2-3 year extension

    Jul 6, 2015, 9:00 AM EDT

    Washington Capitals v Philadelphia Flyers Getty Images

    The 23-year-old could be in line for a significant raise.

  15. Jackets’ prospect Oscar Dansk loaned to Swedish club

    Jul 5, 2015, 10:00 PM EDT

    Montreal Canadiens v Columbus Blue Jackets Montreal Canadiens v Columbus Blue Jackets

    He struggled in his first year pro split between the AHL and ECHL.

Top 10 NHL Player Searches
  1. S. Voynov (2753)
  2. B. Saad (2523)
  3. R. O'Reilly (2495)
  4. B. Richards (2421)
  5. Z. Kassian (2381)
  1. M. St. Louis (2282)
  2. M. Green (2262)
  3. P. Kessel (2231)
  4. C. McDavid (1914)
  5. J. Allen (1750)