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Report: Penguins’ GM Shero to begin negotiating with Malkin’s agent

Jun 9, 2013, 9:05 PM EDT

Pittsburgh Penguins v Ottawa Senators - Game Four Getty Images

The Pittsburgh Penguins are looking to sign Evgeni Malkin to a long-term contract, according to a report in the Pittsburgh Tribune-Review.

According to the report, general manager Ray Shero will begin negotiating with Malkin’s agent, J.P. Barry, this week.

Malkin, the Penguins’ first-round pick, second overall, in the 2004 NHL Entry Draft, has 217 goals and 560 points in 458 career regular season games for Pittsburgh.

Malkin’s name has recently been linked to trade talk, as the Penguins faded in the Eastern Conference final and were eventually swept by the Boston Bruins.

Malkin is set to enter the final year of a five-year, $43.5 million contract, according to Capgeek.com, and has a no-movement clause that kicks in for the 2013-14 season.

This news comes on the same as talk about Pascal Dupuis and his future with the Penguins.

Dupuis is an unrestricted free agent this summer, but said, “Obviously, I want to stay a Pittsburgh Penguin.

“I’ve said before, my wife and my kids love it around here. I have friends away from the hockey world that I want to be part of their life still.”

  1. blackhawks2010 - Jun 9, 2013 at 9:14 PM

    Can’t buy a Cup. Now, the dismantling begins, after Malkins deal who goes?

    • polegojim - Jun 9, 2013 at 9:32 PM

      Yep… won’t look the same next year.

      Bylsma was right about one thing… LOST opportunity… won’t get that one again.

    • pdmjr - Jun 9, 2013 at 9:36 PM

      You are an idiot

    • hockeyflow33 - Jun 9, 2013 at 10:32 PM

      Can you explain to me how anyone buys a team when everyone is playing with the same cap number?

    • zengreaser - Jun 9, 2013 at 10:36 PM

      Buy a cup??? The Pens acquired *names* at the deadline, but those names aren’t prime talent anymore. The core talent of that team was drafted. That’s a well-built, home-grown team. It kills me to admit that, being a Flyers fan, but facts are facts.

      • phillyphanatic77 - Jun 9, 2013 at 11:22 PM

        Yes they did draft their core, but it’s hard to miss in the top 2 for four straight years (top 5 for five). They don’t deserve much credit for drafting Fleury, Malkin, Crosby, and Staal… all no-brainers (with the possible exception of Fleury). Orpik was a solid selection. And they do deserve recognition for the selection of Letang. He was a gem. But overall, I don’t think Milbury could’ve screwed up those picks.

      • mmmpierogi - Jun 10, 2013 at 12:19 AM

        In what way, shape, or form does Brooks Orpik and Kris Letang being good selections have to do with the Pens buying/not buying a cup?

  2. spitfisher - Jun 9, 2013 at 9:22 PM

    There are a number of players that are at their max value.

  3. malkinrulez - Jun 9, 2013 at 9:34 PM

    blackhawks2010 who was trying to “buy” a cup? Trading for players is common to improve a team, hardly buying a cup.

  4. pdmjr - Jun 9, 2013 at 9:34 PM

    Giles Meloche has resigned/been fired

  5. pdmjr - Jun 9, 2013 at 9:35 PM

    Bad info on Malkin, no trades will be made.

    • jpelle82 - Jun 10, 2013 at 10:15 AM

      just because dreger says he thinks it would be an idea to talk about trading malkin doesnt mean there is “talk” about him going anywhere. i havent heard anything credible about malkin doing anything but signing an extension in the next couple days.

  6. bensawesomeness - Jun 9, 2013 at 9:38 PM

    Or rather ” Report: Penguins’ GM Shero doing his job”

  7. Stiller43 - Jun 10, 2013 at 12:33 AM

    Well, if sids making 8.7 mil, thats your ceiling…now the option is there for him to accept or decline.

    • chanceoffleury1 - Jun 10, 2013 at 1:56 AM

      Sid said last year he doesn’t care if Malkin has a higher cap hit then him. Their deals were made under different CBA terms so it’s not the same as say, Perry making more than Getzlaf. Had Malkin been signed under the former CBA, he almost certainly would have been offered the same exact deal Crosby got. I imagine he will be offered something around 8 years, 70/71/72-ish million dollars. That would give him anywhere from an 8.75 to 9 million dollar cap hit. He’ll only be 35 when the deal is up. If an extra however many million dollars on top of the 100 million he will already be guaranteed to earn since the start of his career is really that important, I’m sure somebody would throw it at him in his next contract. Jeeze, if Gonchar is worth 5 million a year at 40, I’m sure somebody would throw a 5 year, 50 million dollar deal at Malkin when he’s 35. Plus he already knows he has a right hand man here for at least the next 6 years in James Neal.

      But I’ve never met the guy so what do I know? Maybe I’m totally wrong and he’s all about the money and squeezing out every single million he can and won’t settle for anything less than being the only star of the show. If that’s the case then he sounds like a crappy teammate to have in the locker room and should probably be shopped. In my opinion he certainly doesn’t come off that way, but like I said, I’ve never met him so what do I know?

    • psujay - Jun 10, 2013 at 1:47 PM

      If you believe that, you’re an idiot. Crosby’s cap hit is irrelevant. He makes 12M per year, which is what Malkin will want. Unfortunately for the Pens they can’t sign him to a “cap circumvention” deal like they could with Crosby last year, so his cap hit will likley be significantly higher than that of Crosby, even if he makes less money. If Crosby’s deal were only 8 years (the max Malkin can sign) his cap hit would be somewhere around 11M. That would likely be the number Malkin’s agent will use in negotations. I doubt Malkin is ok with leaving 25M on the table just so hit cap hit is less than Sid’s.

      • psujay - Jun 10, 2013 at 1:49 PM

        For the record, I’m not criticizing the Pens for a “cap circumvention” deal in any way. It was the smart move for the Penguins, but it is what it is.

      • Stiller43 - Jun 10, 2013 at 11:00 PM

        Care to explain how 104.4 million over 12 years is 12 million a year?

        My parents would be embarassed to share a PSU education with you.

  8. Stiller43 - Jun 10, 2013 at 12:36 AM

    Lol “buy” the cup stuff again.

    Just FYI: philly, vancouver, minnesota, NYR, chicago, and montreal all had higher payrolls than the pens this year AFTER their trades.

    http://capgeek.com/archive/?year_id=2012

    Interesting nobodys saying those teams are trying to buy the cup

  9. Stiller43 - Jun 10, 2013 at 12:37 AM

    Lol and youre a blackhawks fan!! (One of the teams who spent more than the pens)

    Oh the irony

  10. Stiller43 - Jun 10, 2013 at 2:05 AM

    The comment about the ceiling set by sid was more for like…unless they view geno as better and/or more valuable to the team, its hard to justify spending more on him than you spend on sid.

    I know the front office doesnt (at least they shouldnt!!) worry about public perception, but if they paid geno more than sid, theres likely be eyebrows raised at them…

    Even if you justify it by saying “well sid took a hometown discount (he did),” how does that look when someone better than you is willing to take a discount to improve the team and youre not?

    I dont necessarily think it will be all about money for geno, i think it will be more about being “the” guy.

    When crosbys out, geno seems to dazzle, and when he comes back, geno can disappear at times. Idk if thats a mindset issue, minute issue (unlikely since i think he gets ~21+ min either way)…maybe geno will want a team to be HIS team, rather than being on sids team.

    Either way, i hope the pens can retain him. He’s amazing to watch.

  11. s2mikey - Jun 10, 2013 at 6:15 AM

    Pitt would be wise to retain him. He’s already proven he’s a true gamer. One of the best players in the league, period.

  12. heynyc61 - Jun 10, 2013 at 8:58 AM

    Malkin to the kings for bernier

    • axisofweasels - Jun 11, 2013 at 10:37 AM

      bruce garrioch is that you?

  13. geo91 - Jun 10, 2013 at 12:16 PM

    I wouldn’t doubt that Malkin believes he is the best player in the world and wants the challenge of being “the guy” somewhere and winning the cup as the leader of a team, not just a complimentary player. He already has his ring, so I wouldn’t be surprised if he skipped town for a max deal and a C. But then again he might like playing under Crosby’s shadow especially when you see all the heat Ovi takes. Ideally for the NHL I hope he leaves, it’ll create more competition

    • jpelle82 - Jun 10, 2013 at 1:42 PM

      there’s plenty of competition in the league as we have seen (boston in 4) and a repeat cup appearance is becoming as rare as a hole in one. malkin’s russian, i dont see his desire to be “the guy” other than in the form of $$. he’s already won everything, cup, hart, ross, richard, smythe, lindsay. i dont think any desire other than $$ will send him somewhere else, that being said i think the pens pay the $$ he wants/needs either way.

  14. hazlydose - Jun 10, 2013 at 3:25 PM

    Call up LA and try to do a sign and trade. Malkin for Kopitar and Bernier

  15. Steeley McBeam - Jun 10, 2013 at 3:48 PM

    “Malkin reiterated Sunday that he wants to sign a long-term contract only with the Penguins. He also wants to leave the club with salary-cap space to maintain a Stanley Cup-contending roster.”

    Well threre you go. Also, I dont think they can resign him until July. Still, they need to get it done. Some pieces will be lost but thats the price you pay to keep a superstar. It certainly wasnt Malkins fault they were out in 4. He dominated Game 3 and without him it would have been much worse.

    Obviously, changes need to be made to make this team better, but losing Malkin does not make them better regardless of price.

  16. axisofweasels - Jun 11, 2013 at 10:38 AM

    malkin to sabres for miller and vanek!!!!!

    everything must go in buffalo!!!!!!!!!!

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