Skip to content

Penguins GM says Malkin might draw team’s highest salary

Jan 7, 2013, 6:32 PM EST

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. Can the Wings and Leafs work out a deal for Phaneuf?

    Mar 2, 2015, 11:21 AM EST

    TORONTO, ON - DECEMEBER 19: Dion Phaneuf #3 of the Toronto Maple Leafs waits for a faceoff against the Phoenix Coyotes during an NHL game at the Air Canada Centre on December 19, 2013 in Toronto, Ontario, Canada. The Leafs defeated the Coyotes 2-1 in an overtime shoot-out. (Photo by Claus Andersen/Getty Images) Getty Images

    Couple of potential scenarios being reported.

  2. Blues beef up defense, acquire Michalek from Coyotes

    Mar 2, 2015, 10:56 AM EST

    Zbynek Michalek Getty Images

    Veteran blueliner is currently sidelined with a concussion, however.

  3. Chiarelli believes Connolly can ‘help us right away’

    Mar 2, 2015, 10:10 AM EST

    Comments Off
    brettconnollygetty Getty Images

    “He’s a player we kind of looked at for a while.”

  4. PHT’s 2015 NHL Trade Deadline Tracker

    Mar 2, 2015, 10:04 AM EST

    Buffalo Sabres v New York Rangers Getty Images

    All the latest leading up to 3 p.m. ET…

  5. Timonen, Vermette get ready for Blackhawks debut

    Mar 2, 2015, 9:53 AM EST

    Antoine Vermette Getty Images

    They’ll play against Carolina Monday.

  6. GM Wilson thinks Sharks unlikely to make big deadline day splash

    Mar 2, 2015, 8:58 AM EST

    Patrick Marleau Getty Images

    Marleau and Thornton haven’t been approached about their no-trade clauses.

  7. Flyers deal Coburn to Lightning for Gudas and picks (Confirmed)

    Mar 2, 2015, 2:15 AM EST

    Braydon Coburn Getty Images

    It’s a first round and third round selection heading to Philly.

  8. Video: Getzlaf, Ducks top Stars

    Mar 2, 2015, 12:30 AM EST

    Ryan Getzlaf Getty Images

    Dallas’ skid reaches six games.

  9. Ladd leads the Jets over the Kings

    Mar 1, 2015, 11:30 PM EST

    Andrew Ladd Getty Images

    Winnipeg moves three points back of Chicago in the Central Division.

  10. Penguins stretch streak to four with win over the Jackets

    Mar 1, 2015, 10:50 PM EST

    Evgeni Malkin Getty Images

    Malkin had a third straight three-point game.

  11. Video: Leafs’ Polak with a dangerous hit on Caps’ Johansson

    Mar 1, 2015, 9:15 PM EST

    Screen Shot 2015-03-01 at 9.09.20 PM

    The Washington forward remains in the game.

Featured video

Trade deadline storylines to watch
Top 10 NHL Player Searches
  1. H. Lundqvist (2543)
  2. K. Okposo (2495)
  3. N. Horton (2464)
  4. T. Hall (2281)
  5. P. Kane (2243)