Jul 2, 2013, 6:03 PM EDT
The Pittsburgh Penguins have locked up another key piece of their core today by announcing the signing of Kris Letang to an eight-year, $58 million extension. Letang was already signed through 2013-14, so he’s now under the Penguins control until the summer of 2022.
In Letang, the Penguins have a 26-year-old that’s widely regarded as one of the top offensive defenseman in the league. He was a finalist for the 2013 Norris Trophy and had 80 points in 86 games over the last two seasons.
At the same time, Pittsburgh is taking a sizable risk by agreeing to pay Letang an average of $7.25 million annually over the life of this contract. The Penguins now have $30.45 million worth of cap space committed to Letang, Sidney Crosby, Evgeni Malkin, and James Neal starting in 2014-15. That represents nearly half of the salary cap by next year’s standards tied to just four players.
While it is likely that the cap will increase over the life of these players contracts, Penguins GM Ray Shero might still have a tough time building a supporting cast around those four stars with what’s left of his cap space.
Sep 17, 2014, 8:59 PM EDT
His back issues present another headache for Columbus.
Sep 17, 2014, 7:50 PM EDT
He has 44 games of NHL experience under his belt.
Sep 17, 2014, 6:39 PM EDT
Insert your “humongous big” jokes here.
Sep 17, 2014, 6:24 PM EDT
Quite an open letter.
Sep 17, 2014, 5:26 PM EDT
Sep 17, 2014, 5:01 PM EDT
His agent says it’s best to leave town and avoiding being a distraction.
Sep 17, 2014, 3:09 PM EDT
“No matter how much my old teammates say it doesn’t bother them, it affects them. It does in that city.”
Sep 17, 2014, 2:37 PM EDT
And on the possibility of his client signing an offer sheet? “Well, we’ll have to see.”
Sep 17, 2014, 2:14 PM EDT
“Justin has emerged as one of our most well-rounded and dependable defensemen.”
Sep 17, 2014, 1:34 PM EDT
“We’ve been told if we don’t give them what they want, they’ll be leaving town.”
Sep 17, 2014, 1:05 PM EDT
Veteran d-man just turned 40 years old.
Sep 17, 2014, 12:31 PM EDT
Sep 17, 2014, 12:21 PM EDT
“That is significantly good to hear.”
Sep 17, 2014, 12:07 PM EDT
“I’ve been with the team for eight years, and I don’t know if I’ve been more disappointed about anything that’s been written,” said Pierre Dorion.
Sep 17, 2014, 11:47 AM EDT
Enter Radim Vrbata.
Sep 17, 2014, 11:41 AM EDT
“I actually thought I had a great year up to the Olympic break and even after.”
Sep 17, 2014, 11:03 AM EDT
“The tenor of the talks has been good, so we’ll keep going and keep working on it.”
Sep 17, 2014, 10:38 AM EDT
Yet he says his contract status won’t be an issue this season.
Sep 17, 2014, 10:00 AM EDT
The Blues acquired him from Toronto.
Sep 17, 2014, 9:02 AM EDT
Those prospects could get longer looks if Ryan Johansen misses the preseason.
- Panthers owners say they’re committed even though team has lost ‘tremendous amounts of money’ 1
- Update: Wild’s Harding out indefinitely with fractured foot 15
- Johansen heads home from Columbus as talks get even messier 14
- Kesler accuses Vancouver media of making up stories, ‘throwing people under the bus’ 18
- Jackets reveal Johansen offers — including an eight year, $46M deal 49
- Mike Yeo is pretty unhappy with Minnesota’s goalie situation 20
- Much to his relief, Lecavalier will start season at center 14
- Heeeeeere’s Johnny! Davidson shreds Johansen’s agent for ‘baffling, nonsensical’ contract demands 61
- Advantage Kuemper? Harding on crutches after ankle injury 15
- Done deal, finally: Wings ink DeKeyser to two-year, $4.375M extension 11
- Heeeeeere’s Johnny! Davidson shreds Johansen’s agent for ‘baffling, nonsensical’ contract demands (61)
- Chiarelli: At some point, I’m going to have to trade a defenseman (55)
- Jackets reveal Johansen offers — including an eight year, $46M deal (49)
- Will the NHL publicize divers? (48)
- No icing on the PK? The USHL will see how that looks (43)