Jun 30, 2013, 11:00 AM EST
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.
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.
Mar 2, 2015, 2:15 AM EST
It’s a first round and third round selection heading to Philly.
Mar 2, 2015, 1:50 AM EST
Tampa gets a pair of second-rounders.
Mar 2, 2015, 1:20 AM EST
Elliott and Allen saw action Sunday night.
Mar 2, 2015, 12:30 AM EST
Dallas’ skid reaches six games.
Mar 1, 2015, 11:30 PM EST
Winnipeg moves three points back of Chicago in the Central Division.
Mar 1, 2015, 10:50 PM EST
Malkin had a third straight three-point game.
Mar 1, 2015, 10:05 PM EST
He collided with Ales Hemsky.
Mar 1, 2015, 9:15 PM EST
The Washington forward remains in the game.
Mar 1, 2015, 8:30 PM EST
The Sharks get a fourth-round pick.
Mar 1, 2015, 8:00 PM EST
Both teams also swapped draft picks in the deal.
Mar 1, 2015, 7:36 PM EST
Dallas looking to snap a five game skid.
Mar 1, 2015, 7:06 PM EST
He is scheduled to become an unrestricted free agent after this season.
Mar 1, 2015, 6:45 PM EST
Both are free agents after this season.
Mar 1, 2015, 6:35 PM EST
It started with a Matt Greene hit on Mark Scheifele.
Mar 1, 2015, 6:15 PM EST
The Pens’ captain was unharmed on the play.
Mar 1, 2015, 5:56 PM EST
He’s 14 back of Marcel Dionne.
Mar 1, 2015, 4:20 PM EST
All the blockbuster details have been updated.
Mar 1, 2015, 3:38 PM EST
Sunday’s expected starting goalies.
Mar 1, 2015, 3:02 PM EST
Could Philly move him by Monday?
Mar 1, 2015, 2:22 PM EST
The Islanders winger was February’s best first-year player.
- Trade: Rangers land Yandle, Coyotes receive Duclair, first-rounder 65
- Trade: Capitals land Glencross, Flames get two picks 23
- Flames place Giordano on IR 5
- Flyers keep faint playoff hopes alive with win over Rangers 28
- Trade: Blackhawks acquire Vermette from Arizona for Dahlbeck, first rounder 74
- Jagr earns high praise in his Panthers debut 1
- Bruins maintain four-point edge in playoff race, hand Coyotes ninth straight loss 5
- NHL on NBC: Rangers look for a fourth straight win against the Flyers 7
- Ducks score four third-period goals, come back to beat rival Kings 9
- Blackhawks aren’t done talking trades, will look to add another forward 13
- Wild beat Avs, dying seconds fight set stage for rematch (149)
- Petrovic: Chicago will ‘probably seek revenge’ for Kane injury tonight (82)
- Trade: Blackhawks acquire Vermette from Arizona for Dahlbeck, first rounder (74)
- Report: Alex Petrovic avoids discipline after injuring Patrick Kane (69)
- Trading baggage: Blue Jackets grab Clarkson, send Horton’s contract to Leafs (66)