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. Video: Ducks score three goals in 37 seconds to take third-period lead

    May 23, 2015, 10:54 PM EDT

    Toronto Maple Leafs play the Anaheim Ducks Getty Images

    Chicago had the lead. Gave it up. Tied it up again.

  2. WATCH LIVE: Ducks at Blackhawks, Western Conference Final Game 4

    May 23, 2015, 7:05 PM EDT

    Getty Images

    Anaheim can put Chicago on the brink of elimination.

  3. Kelowna Rockets fined $500 for complaining about officiating at Memorial Cup

    May 23, 2015, 4:44 PM EDT

    Portland Winterhawks v Kelowna Rockets Portland Winterhawks v Kelowna Rockets

    Oilers’ prospects Leon Draisaitl and Marc-Olivier Roy were among those who received 10-minute misconducts on Friday night.

  4. Report: Devils made offer to KHL forward Sergei Kalinin

    May 23, 2015, 3:43 PM EDT

    Sergei Kalinin Sergei Kalinin

    His teammate Vladimir Sobotka is likely staying in Russia.

  5. Cooper on replacing Bishop: ‘That is asinine to me’

    May 23, 2015, 2:45 PM EDT

    Ben Bishop Ben Bishop

    The Bolts’ starter has allowed five goals in each of his last two starts.

  6. Report: John Cassaday to replace Tim Leiweke as MLSE president and CEO

    May 23, 2015, 11:45 AM EDT

    MLSE MLSE

    A formal announcement could come as early as next week.

  7. Report: Coyotes to hire analytics guru John Chayka

    May 23, 2015, 10:40 AM EDT

    Coyotes-logo

    He’ll serve as an assistant to GM Don Maloney.

  8. Deadline approaching for Jackets to sign prospect Peter Quenneville

    May 23, 2015, 9:43 AM EDT

    Brandon Wheat Kings v Kelowna Rockets Getty Images

    He would be eligible for this year’s draft, if he doesn’t come to terms by June 1.

  9. Video: Lightning-Rangers game gets heated in final minutes

    May 22, 2015, 11:42 PM EDT

    Lightning-Rangers skirmish

    Kucherov, Paquette, and Glass all receive misconduct penalties.

  10. Comeback fit for a King: Lundqvist, Rangers even series in Game 4

    May 22, 2015, 11:10 PM EDT

    Getty Images Getty Images

    The score was one-sided, but this game could have gone the other way if not for the Rangers’ netminder.

Featured video

Babcock has his work cut out in Toronto
Top 10 NHL Player Searches
  1. T. Johnson (1680)
  2. S. Stamkos (1556)
  3. K. Versteeg (1486)
  4. N. Horton (1405)
  5. P. Kane (1394)