Skip to content

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.

Latest Posts
  1. Keith conquers: Blackhawks come back, eliminate Predators

    Apr 25, 2015, 11:03 PM EDT

    Nashville Predators at Chicago Blackhawks Getty Images

    A six-game series that felt like (at least) seven.

  2. Video: Canucks score three in 7:06 to take commanding lead in Calgary

    Apr 25, 2015, 9:59 PM EDT

    Vancouver Canucks v Calgary Flames - Game Four Getty Images

    Vancouver looking to avoid elimination for the second straight game.

  3. Lightning go away from Drouin in Game 5

    Apr 25, 2015, 6:10 PM EDT

    New Jersey Devils v Tampa Bay Lightning Getty Images

    He made his postseason debut in Game 4.

  4. Video: Some skill, a lot of luck for Caps’ Holtby

    Apr 25, 2015, 5:20 PM EDT

    close

    Keep this bounce in mind in the third period.

  5. Burrows will travel with Canucks following Game 6

    Apr 25, 2015, 4:58 PM EDT

    Alex Burrows, Kris Letang Alex Burrows, Kris Letang

    He’s been ruled out of the series due to a rib injury.

  6. Here are the two finalists for Kraft Hockeyville

    Apr 25, 2015, 4:15 PM EDT

    HockeyVille

    Kudos to the Cambria County War Memorial Arena in Johnstown, Pennsylvania and the Decatur Civic Center in Decatur, Illinois.

  7. WATCH LIVE: Today’s Stanley Cup playoff action

    Apr 25, 2015, 2:55 PM EDT

    Jaroslav Halak, Ryan Strome AP

    New York, Nashville and Vancouver are all facing elimination today.

  8. Pens CEO says Johnston, Rutherford won’t be fired

    Apr 25, 2015, 2:25 PM EDT

    Mike Johnston Mike Johnston

    Both were in their first season with the hockey club.

  9. Report: Malkin invited to Worlds

    Apr 25, 2015, 2:00 PM EDT

    SOCHI, RUSSIA - FEBRUARY 13: Yevgeni Malkin #11 of Russia skates against Slovenia during the Men's Ice Hockey Preliminary Round Group A game on day six of the Sochi 2014 Winter Olympics at Bolshoy Ice Dome on February 13, 2014 in Sochi, Russia. Getty Images

    He helped Russia win gold last year.

Featured video

Plenty of pressure on Blues
Top 10 NHL Player Searches
  1. Z. Kassian (2989)
  2. S. Weber (2550)
  3. K. Letang (2464)
  4. M. Fisher (2342)
  5. A. Burrows (2319)
  1. C. Ehrhoff (2067)
  2. S. Crosby (1965)
  3. M. Giordano (1958)
  4. T. Hamonic (1932)
  5. D. Carcillo (1885)