Jul 2, 2013, 6:03 PM EST
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.
Mar 2, 2015, 12:10 PM EST
Don Maloney’s a busy man.
Mar 2, 2015, 11:21 AM EST
Couple of potential scenarios being reported.
Mar 2, 2015, 10:56 AM EST
Veteran blueliner is currently sidelined with a concussion, however.
Mar 2, 2015, 10:51 AM EST
Fifth-round pick goes to Buffalo.
Mar 2, 2015, 10:10 AM EST
“He’s a player we kind of looked at for a while.”
Mar 2, 2015, 10:04 AM EST
All the latest leading up to 3 p.m. ET…
Mar 2, 2015, 9:53 AM EST
They’ll play against Carolina Monday.
Mar 2, 2015, 9:24 AM EST
Montreal strikes first on deadline day.
Mar 2, 2015, 8:58 AM EST
Marleau and Thornton haven’t been approached about their no-trade clauses.
Mar 2, 2015, 7:55 AM EST
Monday’s collection of links.
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.
- Can the Wings and Leafs work out a deal for Phaneuf? 28
- PHT’s 2015 NHL Trade Deadline Tracker 10
- Trade: Montreal acquires Petry from Edmonton for two draft picks 19
- Bruins acquire Connolly from the Lightning for draft picks (Confirmed) 32
- Trade: Rangers land Yandle, Coyotes receive Duclair, first-rounder 69
- 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
- Wild beat Avs, dying seconds fight set stage for rematch (154)
- 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)
- Trade: Rangers land Yandle, Coyotes receive Duclair, first-rounder (69)