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Penguins, Malkin agree to eight-year, $76 million deal

Jun 13, 2013, 9:40 AM EDT

Evgeni Malkin of the Pittsburgh Penguins poses after winning the Ted Lindsay Award, the Art Ross Trophy and the Hart Trophy during the 2012 NHL Awards at the Encore Theater at the Wynn Las Vegas on June 20, 2012 in Las Vegas, Nevada.
(June 19, 2012 - Source: Bruce Bennett/Getty Images North America) Getty Images

A year after locking up Sidney Crosby, the Pittsburgh Penguins have announced that star forward Evgeni Malkin has agreed to an eight-year contract extension worth $76 million.

Malkin’s current deal runs through the 2013-14 campaign, which means he’s now under the Penguins’ control until the summer of 2022. Malkin will come with a $9.5 million annual cap hit, which is an increase from his current $8.7 million.

It’s also a higher cap hit than Crosby comes with, but for the next six seasons, Crosby will actually make more than Malkin. The difference is that Crosby’s deal was signed during the old CBA, so it could be 12 years long and heavily frontloaded in the interest of keeping the overall cap hit down.

Regardless, with this deal in place the Penguins have guaranteed that they will control two of the most gifted forwards in the NHL through most — if not all — of their careers. At the same time, their contracts will continue to represent a sizable portion of Pittsburgh’s cap room. By the standards of the 2013-14 ceiling, they would account for 28.3% of the Penguins’ available space.

Malkin won the Art Ross and Hart Trophies as well as the Ted Lindsay Award in 2012. He has 217 goals and 560 points in 458 career games.

106 Comments (Feed for Comments)
  1. GH - Jun 13, 2013 at 9:45 AM

    This was a great deal for Geno and the Pens – glad they got him locked up. It goes without saying that this means Letang is gone after this year unless he is willing to take a serious pay cut.

    • ravenscaps48 - Jun 13, 2013 at 10:05 AM

      Well….. This sucks. But on the bright side, Crosby and Malkin take up 28.3% of their Salary Cap and have missed 32.7% of the last four NHL seasons…. Thanks to RMNB for that stat and making me sound intelligent.

      • GH - Jun 13, 2013 at 10:11 AM

        Haha yeah I saw that too – although a) Crosby’s injuries worry me way more than Malkin’s do (one ACL tear is really the bulk of that), and b) there is speculation that under the new terms the salary cap will be back up around $70mm in a year or two which shrinks the 28.3% a bit. But you’re sentiment is correct – these guys will have to carry this team a bit for a while.

        But what a pair to have to carry your team…. :)

      • ravenscaps48 - Jun 13, 2013 at 10:35 AM

        Can’t argue with having two of the top ten players in the world locked up for many years… Oh well. We’ll just have to find a way to shut them down. Congrats Pens fans.

      • mordock57 - Jun 13, 2013 at 4:41 PM

        It’s okay, you can say it… two of the top three.

    • imleftcoast - Jun 13, 2013 at 11:04 AM

      Wow, the brilliant commenters on here had the Pens trading him. Seemed moronic at the time, and stupider now.

      • jpelle82 - Jun 13, 2013 at 11:26 AM

        i knew they wouldnt, dreger is dumb if he honestly thought it was a possibility. i think he was just fishing for a headline when he started that rumor.

      • pepper2011 - Jun 13, 2013 at 11:51 AM

        ha ha. I was one of them. This just sealed Pitts fate. This is not a good deal. That is a lot of money for two players. ahahah and they have faith in Fleury. Shero – pretty sure you just got yourself fired. aahahahahahahah

      • pepper2011 - Jun 13, 2013 at 11:52 AM

        we’ll see how many times they win or make it to the SFC in the next decade.

      • imleftcoast - Jun 13, 2013 at 2:43 PM

        That was Dreger. He’s just making up stuff to keep his job. No one’s talking to that fool. Letang was terrible, I’d say the mistake would be not trading Letang.

    • drewsylvania - Jun 13, 2013 at 1:35 PM

      ravenscaps highlighted it.

      Anyone else think they just deep-sixed their defense and their Cup hopes (unless the salary cap is increased)?

      1) Crosby’s cap hit goes WAY up, along with Malkin’s.
      2) Iginla, Cooke, Dupuis, Morrow, Adams, Murray, and Eaton are all UFAs.
      3) They will likely need to throw money at the goalie situation.

      The cap simply won’t let them do what they’ll need to do to win the Cup. It looks to me like they just volunteered for a top-heavy offense, the same flawed defense, and the same questionable goaltending. Unless there’s some studs in the minors or juniors I’m missing.

      Maybe their strategy will be to trade their entire draft for a low-cost, good young goalie and/or defenseman.

      Or they could do the “unthinkable” and trade Crosby for not a tremendous return (due to $12M cap hit).

      • GH - Jun 13, 2013 at 2:08 PM

        You must be new to hockey…

        1) The cap hit does not go up at all – none of them do. They stay flat throughout the duration of the contract. In fact, with Crosby’s extension he kept his cap number flat even from before his extension.
        2) Out of that list, the only one who is a priority to resign is Duper. The rest can walk and the team is still in solid shape, as all the others except Iggy are replaceable. The defensemen especially as the Pens have several solid Dmen (Depres, Bortuzzo, Dumolin, Harrington) who are going to be ready for big minutes soon if they aren’t already.
        3) If they were to “throw money” at the goalie situation it would likely be at the expense of MAF and his contract so that would ADD an additional $5mm there to play with.

        We’ve shown that you clearly have no knowledge of the cap hit, and also their are solid players on the blue line in the system.

        And again – its not a $12m cap hit for Crosby, its $8.7m.

        Go home Drewsylvania, you’re drunk.

      • basedrum777 - Jun 13, 2013 at 2:30 PM

        GH is 100% correct. This along with Neal and Duper (who will resign at a discount similar to his current number as he’s said 100 times), set the pens offense for a number of years. They have drafted almost purely D-men who are coming mature over the next few years to supplement (he didn’t draft offense b/c he had/has Malkin and Crosby).

        The only flaw in the whole setup so far has been that the Flower hasn’t lived up. That’s where Shero will target next. And he’ll succeed b/c he’s the best GM in hockey.

      • drewsylvania - Jun 13, 2013 at 2:52 PM

        Yeah, I screwed up the Crosby bit. But the NHL cap itself goes from $70.2M this past season (prorated), to $64M in 2013-14. And they just increased Malkin’s hit.

        Plus, like I said, they have a LOT of players to add/resign for 2013-14. Lots of key free agents. the Pens will still need to find/re-sign 2-4 good skaters–plus a Cup-caliber GOALIE–to put them over the top.

        Good luck finding all of that AT ALL, let alone on the cheap. And the Pens will have to do it on the cheap. Their 2012-13 cap hit is already over the maximum for 2013-14. Yeah, they’ll drop Fleury, but that will be made up (at the least) by needing to re-sign Dupuis, Cooke, Murray, and/or their equivalents.

        Remember, they’re looking to IMPROVE their team, not hold status quo.

        Where will they get the Cup-caliber goalie they need? It sure isn’t at Scranton, and it’s not available in trade unless some GM is VERY stupid.

        Where’s the defensive improvement going to come from? Relying on young unproven D-men doesn’t seem like the best idea. And that D needs major work. Besides:

        Bortuzzo will cost more against the cap as well, since he’s an RFA.
        Murray’s cap hit, if re-signed, will certainly be more than the $.859M from 2012-13.
        If Dumolin makes the team, he will count against the cap.
        If Harrington makes the team, he will count against the cap.

        The only way this all fits into a better team in 2013-14 is if the rookie D-men shine, AND they find some schmuck to part with their cheap, good goalie.

        Not going to happen.

      • johninpa - Jun 13, 2013 at 2:54 PM

        They may or may not need to “throw money” at the goalie situation. Besides Fleury and Vokoun, they have Thiessen playing for Wilkes-Barre Scranton Penguins, and they signed Hartzell from Quinnipiac University. If Fleury continues to underperform, we may be able to simply bring up one of our AHL goalies.

      • GH - Jun 13, 2013 at 3:35 PM

        First of all you are underselling your butchering of the cap dynamics so even though that has completely destroyed your credibility, I will entertain you a bit further….

        Yes the cap is coming down by 6 million – that is correct. But as of right now, the Pens have about $8 mm in cap hit to use to fill out this roster. Let’s see what we can do with that shall we?

        Sidney Crosby – Duper (at 2mm) – Kunitz
        Malkin – Neal – Bennett
        Sutter –
        Vitale – Adams – Jokinen

        Depres – Bortuzzo (800K, if that – he was a scratch most of the year).

        Vokoun, Flower

        Taking for granted that the lines aren’t necessarily important but rather the numbers. the team would have $5.2mm to find two third line wingers. Heck, they could bring back TK and Cooke at $1.5 a piece and still have two in change left over.

        This team is fine from a cap perspective even with Malkin’s deal.

        More importantly – you keep talking about needing to improve the defense. The added guys will improve the defense (that’s what highly touted prospects do). These aren’t scrubs, they’re first round picks and guys who have been vetted.

        Again – if they do want to attack the goalie situation it comes at the expense of MAF’s deal… so yeah that as $5mm to play with there too.

        And also I’ll give you one more free lesson since you’re clearly need it – in the CBA the drop in the salary cap… is likely temporary. Odds are that if the HRR projections come to fruition, the cap will be up above $70mm in a year or too, making the Malkin deal even more of a steal…..

        So once again, peddle your wares elsewhere drew – no one is buying here.

      • pepper2011 - Jun 13, 2013 at 4:24 PM

        Have to disagree: you seem to be struggling with the cap-
        kunitz 3.725m crosby 8.7 jokinien 2.1m = 14.725m line 1
        bennet 900K Malkin 8.7 Neal 5m = = 14.60m line 2
        dupuis 2m (we’ll see) Sutter 2.1m vitale 500K = 4.6m line 3
        top 3 lines = 33.925

        Letang (6m) Martin 5M D pair 1 = 11M
        orpick 3.75 niskanen 2.3m pair 2 = 6.05m
        depres 840K engellend 567K = 1.4m
        D = 18.45m

        3 lines 33.925 + top6 D = 18.45 = 52.375

        Fleury 5m
        vokoun 2m

        59.375m – that leaves ( 64.1- 59.375) = 4.725M for a fourth line and 2-3 scratches,
        that’s 5-6 players for 4.725m
        5/4.725= 945K per player
        6/4.725= 788K per player

        This is not good if you are a pens fan. especially with two injury prone guys. Yes, you can LTIR them but to bring in guys you would have to lose 87 or 71 for the long haul. and more than likely give up one or more of your young D to replace them with lesser players.

        it also puts Dupuis @ 2m which is low- he will be 3-4m. Good for you if he signs for 2m, but why? He has one real contract left to make money; home town discount I can buy but not 50% off. and letang @6m, proabably closer to 6.5M

        This is a weaker offensive team and a weaker defensive team than this years team. you are also expecting huge leaps from Despres, Bennett, Vitale, & Sutter.

      • pepper2011 - Jun 13, 2013 at 4:34 PM

        Assuming adams 600K and glass1.1M = 1.7M

        4.725-1.70 = 3.025 (2-3) players

        granted they could bury some in minors or buyout, but still asking a lot of a ton of unproven guys. you are asking more than cooke, Morrow, Iginla, kennedy, murray and eaton could give you. That also puts Jokinen in a much more important roll, as well as sutter, Bennett, Vitale & despres. the best part

        your goalie is still FLEURY.

      • GH - Jun 13, 2013 at 4:36 PM

        pepper – you’re incorporating a cap hit for letang but hes not a UFA. He’d still be on the roster at the 3.5 he’s at now.

        Also Duper has said multiple times that he would give pittsburgh a significant hometown discount if they gave him the years.

      • GH - Jun 13, 2013 at 4:39 PM

        Also why on earth are we demoting Duper to the third line? Corsby-Kunitz-Dupuis was the most prolific (from a points perspective) 5 on 5 line in hockey until Crosby got injured. So no – you’re wrong.

        Also, as far as “Fleury is still your goalie”…. he wasn’t the reason we didn’t make the cup… goaltening against Boston (except for Game 2) was fine.

      • pepper2011 - Jun 13, 2013 at 4:50 PM

        ahh- you are right about Letang – thought he was up this year. Ok – so you clear 2.5m – still leave about 5 million for 4 players. 1.25M per player

        point of reference Tanner glass made 1.1M – so four more Tanner glass types with the aforementioned having to way out perform their expectations.

        it really isn’t a good situation. the team gets worse. you are losing very good players and replacing them with lesser players. I guess we’ll see, but the NHL is a depth league. this is killing the Pens ability to have any. For the price of Malkin and Crosby (18.2M next year)
        Bruins: Chara 7m – Krejci 5.25m Marchand 4.5M Mcquaid 1.5m (18.2m)

        this isn’t the NBA where the starting 5 can win you a championship. you need depth and a lot of it. you had Morrow and Jokinen on your 4th line and could win what makes you think with Jokinen playing a top 7 roll and Vitale, Glass and Adams as your 4th line you will win?

      • drewsylvania - Jun 13, 2013 at 4:59 PM

        It’d have been a better discusion if you hadn’t decided to be a *********, GH.

      • pepper2011 - Jun 13, 2013 at 5:02 PM

        Also goaltending was an issue. A HUGE ISSUE. What happens when instead of the isles and depleted Sens team; you are facing Detroit and Toronto?
        you faced two weak offensive teams and still had to go to your (getting even older) backup goalie. He played well, but he probably won’t steal you a game, and you need that in the playoffs. you need your goalie to win a game or two.

        you are planning on the cap going up, why? The cap this year was actually 60m – I believe (if I am reading this right) your 70m refers to the transaction limit.

      • drewsylvania - Jun 13, 2013 at 5:02 PM

        “If Fleury continues to underperform, we may be able to simply bring up one of our AHL goalies.”

        None of whom are likely to be better than Fleury.

      • pepper2011 - Jun 13, 2013 at 5:04 PM

        Also- I was following your lead that the actual lines don’t matter. Swap Jokinen and Dupuis if it makes you feel better.

      • dirt2013 - Jun 13, 2013 at 10:29 PM

        The Pens have 2 d-men ready to bring up next year as they saw time here this season. They also have 2 more that are nearly ready.

        The Pens did not lose to the Bruins because of the Goalie. They lost because they scored 2 times in 4 games. One game 1-0 and one game 2-1 in double OT.

      • GH - Jun 14, 2013 at 9:10 AM

        drewsylvania – I didn’t mean any disrespect to you personally, I’m probably just a little raw from defending Pens, Crosby, Shero, Lemieux, et. al from folks on here. I just generally disagree with the sentiment of your comments (and in some cases the validity) but I shouldn’t have been a dick about it.

        pepper – the reason I (and others) expect the cap to go up is because it is still tied to a number of different factors (including but not limited to Hockey related revenue). The new CBA “reset” the cap a bit, but it is still expected to climb over the next 3-5 years, and could very well be over $70mm by the 2015 season again.

        Also goaltending was NOT the issue this year. I disagree with your characterization of the Islanders not being an offensive team seeing as how they were #7 in the NHL in scoring. They’re not the Hawks but they can put the puck in the net. Besides you can’t look at any of those series and say goaltending was the reason we lost games accept for Fleury’s two in round 1 and then the debacle in game 2 of the ECF…. If you told me (or anyone) that in three of the first 4 games in the ECF, we would hold them to a total of 6 goals I would be ecstatic about that and would assume that we would win at least 2 of those. We lost in the EC finals because of bad bounces, bad execution against phenomenal goaltending and great execution.

    • dirt2013 - Jun 13, 2013 at 10:17 PM

      If you were Letang would you take a pay cut?It will depend on how much of a pay raise he wants if he stays or not.

  2. cavafox - Jun 13, 2013 at 9:45 AM

    In Shero we trust. 9.5 is a steal.

    • myspaceyourface - Jun 13, 2013 at 9:48 AM

      Shero makes a lot of deals. How many of them have produced a championship?

      I mean seriously, this team folded 4 straight years and I’m a Pens fan.

      • tkovacs2 - Jun 13, 2013 at 1:20 PM

        Everything he did in 2009?

    • bensawesomeness - Jun 13, 2013 at 10:44 AM

      I don’t care who you are, 9.5 is never a steal

      • Tyler - Jun 13, 2013 at 1:50 PM

        Corey Perry: $8.625m
        Ryan Getzlaf: $8.25m
        Rick Nash: $7.8m
        Vinny Lecavalier: $7.72m
        Joe Thornton: $7.0m
        Shea Weber: $7.85m
        Dion Phaneuf (LOL): $6.5m

        Shero’s hands were tied either way. Sign him and you get complaints that he got too much money, you have too much wrapped up in him and Crosby, can’t afford other players, etc. Don’t sign him and the media and fanbase have a field day saying he let one of the best players in the game walk.

        My point is, while it’s not a “steal”, it’s still a very nice discount. There are a lot of teams that would have signed him to a max deal ($12.8m) and not even thought twice about doing so. The difference in a few million dollars is crucial for a cap-strapped team to resign depth players.

      • drewsylvania - Jun 13, 2013 at 1:55 PM

        “There are a lot of teams that would have signed him to a max deal ($12.8m) and not even thought twice about doing so.”

        Who are these teams?

      • basedrum777 - Jun 13, 2013 at 2:34 PM

        The Flyers WISH they had a scorer like Malkin on their team. Their best player has never broken 100pts in a season.

        Considering that more than 20 teams have over $20m in cap space for next season I’d say there’d be some interest. Montreal, Toronto, Colorado come to mind immediately.

      • chanceoffleury1 - Jun 13, 2013 at 2:39 PM

        @drewsylvania, idk maybe any team that had the cap space to do so? Obviously it wouldn’t have been Boston or Chicago or some other high profile year after year cup contender, but you don’t think the Islanders or Jets or even someone like the Blues would have thrown it at him? One of the up and coming teams that have the cap space would do it. Even if it’s not the absolute top, in the open market he could have easily said “Don’t even send an offer if it’s less than 12.5 million/yr” and he still would have gotten a handful of offers to choose from.

    • stakex - Jun 13, 2013 at 11:07 AM

      We’ll see if you are saying that when the Pens weak defense, which they now cannot afford to fix, falls apart again in the playoffs.

      • GH - Jun 13, 2013 at 12:28 PM

        The pens have a ton of D-prospects who are coming up, and in large part their defense wasn’t as big of an issue this year. The defense will be fine.

        Its also hysterical that a Rangers fan is talking about this kind of stuff when you guys are paying 7mm to Nash, 6.6mm to Richards and not getting even a third of the production as Crosby and Malkin will bring.

      • chanceoffleury1 - Jun 13, 2013 at 2:50 PM

        The cap will probably go up though within the next few years. It’s 1 million more than his cap hit this year. The Pens still had 4 million in cap space when they started the playoffs. I wouldn’t count them out just yet.

        And one of the reasons this was such a big deal was because not only did it take Malkin off the market longterm and lock him up to the Pens for the rest of his prime years, but it set the stage for what Bergeron, Toews, Kane, Giroux, Stamkos and everyone else who is considered an “elite forward” will be able to demand within the next few years whenever they get resigned. Everyone else will have the same problem once their stars’ deals from the old CBA start to expire.

      • drone501 - Jun 13, 2013 at 4:28 PM

        who the hell is going to play goalie. that have alot of young, good d men coming up. just sayin.

  3. jeffersonkostilnick - Jun 13, 2013 at 9:52 AM

    For those who will complain, ask yourself this….

    Would you rather have Crosby & Malkin for a little over 18 mill cap hit or Getzlaf and Perry for around 17 mill cap hit?

    • stakex - Jun 13, 2013 at 11:09 AM

      Crosby and Malkin obviously. However that’s a false choice. The question should be do you want a top heavy offense based team, or a well balanced Cup capable team. That’s the REAL question.

      • GH - Jun 13, 2013 at 12:32 PM

        Yeah stakex is right! You certainly can’t contend for a cup with a top heavy offense based team like Chicago this year.

        You know the teams made the right move when the NYR fans are coming out of the woodwork talking scared.

      • gret9 - Jun 13, 2013 at 1:12 PM

        Response to GH below – You do know that Chicago had the best defense in the NHL right?

      • drewsylvania - Jun 13, 2013 at 2:00 PM

        Wow, that’s a silly comment by GH.

      • GH - Jun 13, 2013 at 3:42 PM

        I’m aware of that – I wasn’t comparing the franchises make up. Merely that a team can invest a lot of money in the top lines and still put together solid all around teams. If anything you’re further proving my point.

        I’ll say this bit again so its clear – I know the Blackhawks are a better team, and that their defense was fantastic. My point is that, like the pens, the blackhawks put a lot into their top lines and can still be successful.

        And drew you can’t talk about silliness when I just took you to town on your lack of knowledge my friend haha.

    • enollatsknarf - Jun 13, 2013 at 11:59 AM

      Too bad Sid’s head is a little squishy and he’ll won’t be available for a good chunk of his contract. On the bright side, if Malkin keeps working hard, he might be able to win a battle along the boards with Jagr.

    • therealjr - Jun 13, 2013 at 1:45 PM

      How about neither? Look at the Blackhawks and Bruins. Granted there is some salary cap manipulation which can no longer be done, but I’d rather have a good handful of $5-6M guys.

  4. MannySilvers - Jun 13, 2013 at 9:54 AM

    Well this makes next year’s free agency less exciting. Oh well.

  5. miketoasty - Jun 13, 2013 at 9:55 AM

    As was said before this pretty much is the beginning of the end for Letang. He is going to want a $6m+ deal per year and I doubt (Nor do I want) the Penguins can make that work while still having the rest of the team stay competitive. Go out and get 2 stay at home D men and let the two players that make up 28% of your cap be the offense.

    • jpelle82 - Jun 13, 2013 at 10:39 AM

      yup. no way they get him the 6 per year he wants/deserves. i think he plays this year out for his free agency $$ elsewhere, wont be a penguin for much longer. if he plays like crap, which he showed signs of in the playoffs, shero will look like a genius anyway. they have so many cheaper guys in the system that are gonna be ready if not close to ready by the end of next season, i’m not worried about letang.

      • miketoasty - Jun 13, 2013 at 10:54 AM

        You actually bring up a really good point, the Pens have a ton of players with similar (Not on the same level but close) talent to Letang which the Pens could bring up and pay them dirt cheap. Possible Shero knew this was going to be the situation when drafting all these guys? I doubt it but who knows. Wouldn’t put it past him, man knows what he is doing.

      • jpelle82 - Jun 13, 2013 at 11:15 AM

        he got rid of staal for a cheaper sutter, he got doumolin in that trade as well – will pay dividends for a long time. i think he has a strategy – draft defensemen high and cycle them out as they get too expensive, thats the only way he could afford malkin and crosby for a long time. notice the pens havent drafted a high forward thats panned out in a while other than bennett (crosby and malkin too of course). adams, cooke, dupuis, kunitz, neal, iginla, jokinen, glass, morrow, sutter – none of those guys were drafted by the pens. they’ve always picked up guys cheap on trades or the free agency market and made them good players by putting them in a system to succeed – and playing with 87 and 71 helps too. the monkey wrench in the plan is the goaltending – when you have a guy like fleury locked up after winning a cup you tend to then take a sigh of relief and focus on the rest – but now that there’s a doubt in his play and worth, it could affect them for years to come. ask philly about it

  6. Tyler - Jun 13, 2013 at 9:59 AM

    As a Penguins fan, if I had to choose between resigning Malkin or Letang, I’d choose Malkin any day of the week. It’s hard to replace one of the best players in the game. They now have two of the top 10 (maybe top 5) players signed for a very long time.

  7. sergeikremlin - Jun 13, 2013 at 10:07 AM

    Letang isn’t going anywhere. They will pay him a long-term contract as well, and fill out the remainder of their lineup with young players and cheap additions.

    • GH - Jun 13, 2013 at 10:16 AM

      I disagree – Letang will command $7mm + on the open market which would put 40% of the cap in three players. Average AAV across the rest of the roster would be in the neighborhood of $1.8mm…. can’t compete like that.

    • dsonashville28 - Jun 13, 2013 at 11:20 AM

      sergeikremlin : “Letang isn’t going anywhere. They will pay him a long-term contract as well, and fill out the remainder of their lineup with young players and cheap additions.”

      They’re going to need the cap space–even if they don’t re-sign Iginla, Morrow, and Murray. Letang or Fleury would have to be the odd man out. No matter the vote of confidence.

  8. malkinrulez - Jun 13, 2013 at 10:10 AM

    This was a no brainer

  9. axisofweasels - Jun 13, 2013 at 10:14 AM

    i didnt think this would happen so quickly. now to solve the goaltending issue…

  10. phillyphanatic77 - Jun 13, 2013 at 10:14 AM

    Well I guess that takes care of those rumors.

  11. ironcity6pak - Jun 13, 2013 at 10:16 AM

    Going to be hard to sign letang and duper. I guess Cooke will be the next to sign an extension. They do have letang for one more year so they could always trade him since they can’t afford him.

    • miketoasty - Jun 13, 2013 at 10:18 AM

      What makes you think they’re going to resign Cooke? I think other than TK he would be last on the list of players to resign. Constantly making questionable hits, over the hill, and asking too much.

    • GH - Jun 13, 2013 at 10:24 AM

      Yeah I disagree – my guess is that Duper is going to get 4 years with an AAV of around $3.2 (almost double his current but still very manageable), Cooke gets offered $1.5 or walks, and Letang gets traded this year or walks as well.

      • basedrum777 - Jun 13, 2013 at 2:40 PM

        Duper’s not going to ask for nearly that much. He has said as much already. He’ll take 2.5 or less.

      • mordock57 - Jun 14, 2013 at 8:53 AM

        It’s not necessarily about what Duper is asking… but what is being offered to him elsewhere. Yes, he’d like to stay a Penguin, but I happen to know (inside, through a mutual acquaintance) that he isn’t optimistic about staying. If another team comes in with an overpriced amount, he may well take it. I hope that doesn’t happen, but some teams have a history of overspending when they have a bit of cap space.

    • pdmjr - Jun 13, 2013 at 10:26 AM

      Cooke will be back, he plays a role that they need

  12. letsgolightning - Jun 13, 2013 at 10:19 AM

    Any word on whether it contains a NTC or NMC?

    • jeffersonkostilnick - Jun 13, 2013 at 10:23 AM

      According to TSN Hockey Insider Darren Dreger “The deal involves a no-movement clause as well as $10 million in signing bonuses”.

      • jpelle82 - Jun 13, 2013 at 10:42 AM

        according to dreger who started the braindead rumor that malkin might be traded in the first place

  13. malkinrulez - Jun 13, 2013 at 10:20 AM

    If Letang wants 7 mil. He is out the door. Pretty simple if he wants to be a Pen it’s gonna be $5.5 mil or a little more.

    • chanceoffleury1 - Jun 13, 2013 at 3:34 PM

      They really just need to trade him. He’ll fetch a pretty penny on the trade table for somebody that wants to gain some offense and improve their powerplay.

      Sometimes you have to take 2 steps backward so that you can take 5 steps forward and that’s where the Pens are right now. They did a similar thing with Letang and Gonch. They had to let Gonchar go so that Letang could fully develop, and now they are going to have to do the same thing. Letang will have to go if they want Despres/Pouliot to get the opportunities they need to fully develop. It won’t be pretty at first, but they’ll presumably settle in quite nicely. And they’ll settle in for a hell of a lot less than a 7 million dollar cap hit.

  14. danaking - Jun 13, 2013 at 10:27 AM

    Dupuis should be the primary focus among this year’s UFAs; then Iginla, depending on how much money he wants.

    Malkin is definitely the one to keep between him and Letang. One of the top 5 or 10 players in the world, he’s the kind pof player championship teams try to accumulate, not get rid of. His defensive lapses and puck handling mishaps are frustrating, but he’s going to post 100 points, which makes up for a lot. Letang’s similar miscues are npot as forgivable, as he’s not going to score as often, and his job is defense. Frankly, part of his gig is to cover when Malkin makes a mistake, not make the same mistakes himself.

    • jpelle82 - Jun 13, 2013 at 10:46 AM

      iginla will be gone, he is not a priority – he didnt earn what they spent on him in the first place. dupuis is gonna take a discount, he’s all but said as much and he knows he wont produce like he does now without sid. he’s 35 with a family and they’re pretty well established in the community, he isnt going anywhere at this point of his career over a couple hundred thousand dollars.

  15. 24/7 Hockey - Jun 13, 2013 at 10:31 AM

    Well I guess the two of them are done with the hometown discount for Pittsburgh. Could turn out to be a lot less of a percentage of the salary cap in future years though if the salary cap begins to go up again as it did before this current lockout. The way the league is going right now it is hard to see revenues going up so that inherently will make the cap go up. Guess the Pens are banking on these two staying healthy because we know just how lethal they are on the ice.

  16. dkphilly1122 - Jun 13, 2013 at 10:35 AM

    Carry your team?? How many points did Malkin, Crosby and Letang have against Boston?? Zero. While I don’t disagree that Malkin needed to be locked up and is definitely one of the best players in the world with Crosby, they didn’t step up in crunch time to “carry” the team. I hope Pittsburgh signs Letang to a monster deal, than they will have to budget the rest of the team for scrappy players. At the end of the day they are gonna end up trading Letang to be able to balance the rest of there roster out. No way they resign him for what HE wants and can definitely get on the open market. Some team will offer him a ridiculous contract when he becomes a UFA or before that if he gets traded.

    • basedrum777 - Jun 13, 2013 at 2:51 PM

      They scored the same amount against Boston as the Flyers did all postseason.

      How about you focus on your own team. The Pens made the right deal and STILL got a discount. You do know he won the Conn Smythe right?

  17. hockeyfan28 - Jun 13, 2013 at 10:36 AM

    Letang knows his age and skills he could get 8 on the open market depends on whether
    he wants to give the Pens a hometown discount

    • jpelle82 - Jun 13, 2013 at 10:57 AM

      8 million is insane for any defenseman, even shea weber. suter makes 7 mill, doughty 7 mill- sorry letang doesnt play defense any better than the two of them and i cant see him making m ore than chara either. i could see him getting karlsson money – 6.5 but no more. he and karlsson are comparable in their play, they arent on the 7 million level because of their lack of shut down ability and their youth.

  18. pdmjr - Jun 13, 2013 at 10:57 AM

    Letang will sign by the end of next week

  19. burgh916 - Jun 13, 2013 at 11:08 AM

    If they sign Letang to an absurd amount, I’ll be very very disappointed in Shero.
    You have 2-3 other defenseman similar to Letang in the system. You could get a pretty penny for him as well, only problem is he has 1 yr left and why should teams give up anything rather than pursue in the offseason.

    • jpelle82 - Jun 13, 2013 at 11:21 AM

      pouliot will be the next letang…he’s already showing signs of it – he had a great memorial cup too. same size, same skating and puck moving ability. maatta is good, harrington is pretty well rounded in his game, doumolin, bortuzzo, despres…pens will be fine without letang. thats a lot of high draft pick guys, cant miss on all of them right?

      • burgh916 - Jun 13, 2013 at 3:45 PM

        I agree. We have such a vast amount of talent on D, and if the opportunity presents itself Shero doesn’t shy away from trading some prospects for proven forwards.
        I still have faith in Shero enough to know not to strap your entire team down between 3 players if he were to extend Letang for the amount that he’s expected.

  20. laxman1944 - Jun 13, 2013 at 11:09 AM

    Good luck Pitt……

    Your top two players have come up short two years in a row now and have a tendency to lose their minds when presented with adversity.

    And now you may not be able to afford to improve your other needs……blue line/Goaltending

    • tomahawk1234 - Jun 13, 2013 at 11:23 AM

      Lax…this Pens fan says good point, can’t argue.

      • basedrum777 - Jun 13, 2013 at 2:53 PM

        Ridiculous comment. They won a SC. Did they lose their minds then? GTFO.

  21. myroncopesflask - Jun 13, 2013 at 11:15 AM

    Pretty sure Shero will figure out a way to keep Letang. If it came down to choosing Malkin or Letang I would choose Letang in a heartbeat. I am not suggesting Malkin is not a elite player I base my choice on one thing. When Malkin/Crosby are out of the lineup the Pens usually keep rolling; when Letang is out of the lineup the entire complexion of the Pens changes and not for the better. 1975

    • stakex - Jun 13, 2013 at 11:46 AM

      I think you are correct, but for a different reason. Think of the trade value Malkin has. The Pens could get a TON of return for him had they traded him this summer. Probably a couple roster players (defense), some prospects, and at least one first round pick. Not to mention $9 million in additional cap space.

      Sometimes you have to give up one big piece to get many smaller but important pieces.

      • basedrum777 - Jun 13, 2013 at 2:53 PM

        4 quarters never equal a dollar in trades. NEVER.

    • laxman1944 - Jun 13, 2013 at 12:10 PM


      • isithockeyseasonyet - Jun 13, 2013 at 1:00 PM

        Dear myroncopes, the flyers haven’t won since 1975, this is true and sucks for flyers fans but the flyers still have an extremely loyal fan base, not all intelligent but not all stupid (ill be the first to comment on the intelligence of south philadelphians). However, you’re lucky to even have a team in pittsburgh, when the penguins were the worst team in the league for all those years, do you have any clue what the attendance looked like or have you not been a fan long enough to remember those times? Or to remember how the NHL had to step in to keep your franchise afloat? I’ll be the first to admit, the NHL is better with the penguins thriving but if you weren’t sure why there are so many pens haters, check that mirror

      • basedrum777 - Jun 13, 2013 at 2:55 PM

        Anyone who has ever been to ANY sporting event in Philly knows why they have the reputation for douchebaggery that they do.

      • ml3939 - Jun 13, 2013 at 9:47 PM

        Basedrum777, you should probably schedule your family reunion elsewhere so the douche bags don’t show up in south Philly.

  22. stakex - Jun 13, 2013 at 11:35 AM

    Pens fans might be happy about this, but they really shouldn’t be.

    Look at the two teams currently playing for the Cup. First thing you will notice is that, for the forth year in a row, its now the Pens. Second thing you should noticed that both teams have three things the Pens don’t have:

    1. Good goaltending
    2. Solid defense
    3. Balanced depth

    The Pens have none of that. This deal might give the Pens a serious offensive threat for years to come, but it will also make it near impossible for them to do anything about other areas. Better defense? No cap space. Keeping or strengthening their offensive depth? Nope. Perhaps there some cap space to get a better goaltender if they buy Fleury out, but Bylsma has said Fleury is staying.

    Despite two embarrassing playoff losses, and four disappointing post-seasons in a row, I think the biggest shock coming from the Pens is the absolute lack of change. Coach, goalie, system all seem to be staying…. sorry about that Pens fans. Its great for those of us who don’t like the Pens though.

    • laxman1944 - Jun 13, 2013 at 12:15 PM

      Pitt. is an offensive machine during the season but when the tournament begins boy they’ve had a lot of trouble.

      Kind of hard to put a finger on it….they’re just missing something…….

      • mordock57 - Jun 14, 2013 at 9:02 AM

        Yeah, because they didn’t have the highest scoring average since the 80’s going into the ECF … Oh, wait… You’re insane. My bad.

        Fact is, Boston found a way to frustrate them on defense and with the penalty kill. That’s pretty much the series right there. Sickest power play unit in recent memory got held to zero goals. But don’t give me this “They forgot how to score in the playoffs” nonsense. Ask Craig Anderson about that.

    • jpelle82 - Jun 13, 2013 at 1:40 PM

      losing the ecf doesnt warrant wholesale changes like you and others think. pittsburgh is one of the deepest teams in the league, dont know where you’re getting the depth accusation but i would agree that pittsburgh hasnt been consistent enough in the defensive department. they still showed plenty of aptitude in most of the games this playoffs though, just not enough consistently in the ecf when it counted. goaltending was fine, vokoun had better numbers than rask going into the bruins series and he kept them in it in game 3 and 4. while i agree the fleury performance was disheartening, its not a death sentence, he can still win 40 games a year and put the pens in a position to make a run year in and year out. i’d rather have that type of guy with vokoun as a backup plan than blow it up and start fresh with someone with less experience that you dont know what you’re gonna get all year.

    • chanceoffleury1 - Jun 13, 2013 at 4:33 PM

      I’ll give you the fact the lack of change puzzles me a little bit, but that’s it.

      I’m sure the Bruins and Hawks are in the finals because of “balanced rosters” and not because major pieces of their core are undersigned right now. You think Rask and Crawford are going to resign for 3 million dollars again? Bergeron is going to settle with his 5 million for the next 8 years? Toews and Kane will be resigned for 6.3 million? Yeah, no. More power to those organizations if they can convince those guys they aren’t the best at what they do, but they have agents who will put the kibosh on “good feelings” and “don’t you want to be known as that hero who undersigned and kept the team together?” really quick. If Corey Perry and Ryan Getzlaf are worth around $8-8.6 million dollar cap hits, you best believe Kane, Toews, and Bergeron will get at least that and maybe even more. Rask and Crawford will probably start their negotiations at a $5+ million minimum. Quick got $5.8 and Fleury got $5 after they won the cup. Remember, It’s not about how much the Bruins/Hawks will give them, it’s about how much the other 29 teams are willing to give them.

  23. ml3939 - Jun 13, 2013 at 1:47 PM

    I think it is interesting that many Penguins fans think this a no brainier to take Malkin over Letang. Malkin is probably the second best offensive player in the world behind Crosby. He also can be a defensive liability and lazy when he doesn’t have the puck. With that being said, he is still one of the five best forwards in the league. Letang is one of the top fifteen d-men in the league. His offense ability is the bigger factor in that slotting but he is a decent defenseman as well. I imagine on a team that plays better team defense his defensive play would rise to the level of his team.

    There is no going out and replacing Malkin with another player. However on a better offensive team it isn’t necessary to replace his offense to the fullest extent. Top defenseman are more difficult to replace and replacing them with youth is easier said than done. Most defenseman need years of seasoning at the NHL level to get to the upper echelon.

  24. spitfisher - Jun 13, 2013 at 2:03 PM

    As great of forward Malkin is and I was one of those commenters that said they would trade him due to the cap. well I was wrong. I could not see how possible it would be to have both Malkin and Crosby. Well was wrong, they did it, they paid for him and locked him up.

    what they also did was all but assure they’ll be weak in other areas because of this commitment.

    Funny, the bruins shut them down with tenacious defense and a very well balanced attack, think about it they held the most prolific offensive line to no points in 4 games and totally shut down a power full power play. Without any superstars.

    The Pens have put everything in one basket, at risk to say “we’ll score more goals than your team”, without any concern of other lines, a reliable and well paid goalie….time will only tell.

  25. andyreidisfat - Jun 13, 2013 at 2:53 PM

    Here’s my only thought. Crosby and Malkin have been on this team for what 7 years now and they have just one title ?? I mean for the kind of money these guys get it doesn’t seem worth it. Yet a team like Boston and Chicago who have a bunch of really good players yet not super high paid guys are in the. Finals while Crosby Malkin and ovy are all watching.

    It’s nice to have two great players but in the cap era it might be better to have overall talent depth and good goal tending instead.

    Also I would have kept letang and traded Malkin. You could have gotten a lindross type haul for him

  26. ndrick731 - Jun 13, 2013 at 2:56 PM

    I love penguin fans. Actually I said that wrong. I should have said I just love Pittsburgh fans. They all think every player they have in every position is the best there is. Until they lose and then they all suck. And of course then the arenas and stadiums are empty until they get a winning team again. Biggest Fairweather fans that ever existed.

    • theageofquarrel - Jun 13, 2013 at 4:24 PM

      Wow!! That was so original!!! Did you think all of that up by yourself?

  27. unklepaulhargus - Jun 13, 2013 at 5:00 PM

    Don’t think the Pens will regret this contract….Crosby is another story. Pens should deal Sid, (would get a few solid NHL’ers) re-sign Letang, build a TEAM, not a Top line. Look what happened to Quebec/Colorado when they traded Lindros to Philly. They became the class of the west. Flyers traded Peter Forsberg, Mike Ricci, Ron Hextall, Steve Duchesne, Kerry Huffman, Chris Simon, two first-round picks and $15 million. One of the draft picks was used by the Nordiques to draft Jocelyn Thibault, who was then traded for Patrick Roy.

  28. govtminion - Jun 13, 2013 at 5:40 PM

    It’ll be interesting seeing what the Penguins do now… with the cap dropping, that’s a lot of money, and a lot of people who need contracts. The old saying is ‘cramming ten pounds of crap in a nine pound bag’- crap jokes aside, there’s a lot to get done and not enough room for all of it, so it will be worth watching to see if guys like Cooke or Dupuis are back or not, and if any of their deadline deals like Iginla get a second chance. Should be an offseason of great change, I’ll be curious how Shero handles it all.

  29. slysipops - Jun 13, 2013 at 7:35 PM

    not at all a PENS fan, but to me this is way more than what MALKIN is worth. i would put more value in LETANG than geeno ! puting so many eggs in a couple of baskets could be a bad thing.are they going to resign the oldies but goodies they picked up to buy them a ( hopefully ) CUP ? the younger upcomers are going to say ….GIVE OUR SHARE TOO ! maybe the management team can get some advice from BERNIE MADDOFF ?

  30. ironman721 - Jun 13, 2013 at 8:10 PM

    1st thing the Pens did right in 3 weeks.

Top 10 NHL Player Searches
  1. P. Kessel (1879)
  2. P. Kane (1368)
  3. P. Datsyuk (1316)
  4. M. Richards (1170)
  5. M. Giordano (1152)