Skip to content

Report: Penguins close to signing Letang for eight years, $58M

Jun 30, 2013, 11:00 AM EDT

dekeletangetty Getty Images

The Pittsburgh Penguins and Kris Letang agreed to what is expected to be an eight-year, $58 million contract on Sunday, according to RDS’ Renaud Lavoie. ESPN’s Pierre LeBrun notes that it isn’t official yet, though.

The potential pact carries a salary cap hit of $7.25 million. Much like Evgeni Malkin, his deal will expire after the 2021-22 season.

The deal includes a limited no-trade clause. He can list up to 15 teams he’d accept a trade to (perhaps the Toronto Maple Leafs are on that list?).

This comes on the heels of news that the team took a “step forward” in its talks with the 26-year-old defenseman’s agent on Saturday night. That step now looks more like a giant leap.

Earlier this week, it was reported that Letang turned down an eight-year, $54 million offer. Apparently he wanted a deal that echoes his jersey number like Sidney Crosby‘s?

ESPN’s Pierre LeBrun reports that the Penguins chose this eight-year deal at $7.25 million per campaign over a four-year one that would pay an average of $7.5 million in each season.

Pens GM Ray Shero answered his biggest remaining question, yet he faces several significant ones, including the big picture issue of how he’ll surround such an expensive core with supporting talent. Starting in the 2014-15 season, the combined cap hit for Malkin, Crosby and Letang will be a whopping $25.45 million.

Taking Letang out of the trading mix would also substantially increase the value of potential bargaining chip defensemen on draft day.

Latest Posts
  1. Blackhawks tease good injury news for Kane

    Mar 30, 2015, 7:03 PM EDT

    Patrick Kane AP

    Could he be ahead of schedule?

  2. Get your game notes: Kings at Blackhawks

    Mar 30, 2015, 5:33 PM EDT

    Jarret Stoll, Michal Handzus AP

    L.A.’s first time back in Chicago since Game 7 of last year’s Western Conference Final.

  3. Foley sees ‘advantage’ with no state income tax in Nevada

    Mar 30, 2015, 3:56 PM EDT

    Hockey Vision Las Vegas News Conference To Announce NHL Season Ticket Drive Getty Images

    Could be helpful in attracting and retaining free agents.

  4. Foley: NHL has ‘no objection’ as Vegas begins selling tickets to casinos

    Mar 30, 2015, 3:46 PM EDT

    Las Vegas Getty Images

    The drive began by focusing on individuals for season ticket packages.

  5. Jets could get Little back versus Rangers

    Mar 30, 2015, 3:06 PM EDT

    Edmonton Oilers v Winnipeg Jets Getty Images

    “I think it’s going to come right down to the morning skate.”

  6. Habs preaching intensity, looking to avoid season sweep by Bolts

    Mar 30, 2015, 1:58 PM EDT

    Montreal Canadiens v Tampa Bay Lightning Getty Images

    “A win tonight would be good for our team, both physically and mentally.”

  7. Report: Ex-NHLer Deveaux has contract terminated after vicious slash

    Mar 30, 2015, 1:24 PM EDT

    Toronto Maple Leafs v Buffalo Sabres Getty Images

    Incident occurred prior to a promotion game in the Swedish league.

  8. Dubnyk, Atkinson, and O’Reilly are NHL’s three stars of the week

    Mar 30, 2015, 12:15 PM EDT

    Los Angeles Kings v Minnesota Wild Getty Images

    Has the Wild’s savior goalie done enough to make him a Vezina Trophy finalist?

  9. Playoff watch — what the bubble teams need to do

    Mar 30, 2015, 11:23 AM EDT

    David Pastrnak, Chris Kelly, Torey Krug AP

    Bruins in a much better spot after a successful weekend. (Not so for the Sens.)

Featured video

Hammond leads Ottawa's turnaround
Top 10 NHL Player Searches
  1. E. Malkin (2129)
  2. H. Lundqvist (2085)
  3. P. Datsyuk (1939)
  4. D. Dubnyk (1935)
  5. A. Hammond (1793)
  1. B. Little (1665)
  2. K. Shattenkirk (1627)
  3. A. Steen (1541)
  4. D. Hamilton (1536)
  5. K. Letang (1516)