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.
Jul 3, 2015, 5:44 PM EDT
“Joel is a quality veteran player who can score but also plays an extremely hard-nosed brand of hockey.”
Jul 3, 2015, 5:00 PM EDT
Could make things interesting next season.
Jul 3, 2015, 4:00 PM EDT
Brings a wealth of success, experience at AHL, collegiate levels.
Jul 3, 2015, 3:12 PM EDT
$52.5 million extension.
Jul 3, 2015, 2:50 PM EDT
“This long-term commitment that assures he will be an important part of our team for years to come.”
Jul 3, 2015, 2:37 PM EDT
“They gotta come in and knock somebody out of the box.”
Jul 3, 2015, 2:12 PM EDT
A one-year, two-way deal for the ex-Islander.
Jul 3, 2015, 1:00 PM EDT
Charlie Huddy, Pascal Vincent and Wade Flaherty all inked three-year extensions.
Jul 3, 2015, 12:46 PM EDT
Expected to battle Brian Elliott for the starting role in St. Louis.
Jul 3, 2015, 12:23 PM EDT
“It’s an exciting time to be a part of this organization.”
Jul 3, 2015, 11:44 AM EDT
Jul 3, 2015, 11:32 AM EDT
Bobby Sanguinetti to Buffalo; Sharks grab Mark Cundari.
Jul 3, 2015, 11:30 AM EDT
Where he “contributed to the development of Jonathan Quick, Jonathan Bernier and Martin Jones.”
Jul 3, 2015, 11:19 AM EDT
How patiently will he wait?
Jul 3, 2015, 10:46 AM EDT
The 44th overall pick at the 2008 NHL Entry Draft.
Jul 3, 2015, 10:25 AM EDT
Plays a similar style to his dad.
Jul 3, 2015, 10:20 AM EDT
Their supporting casts haven’t been this strong in some time.
Jul 3, 2015, 9:20 AM EDT
Pictured listening to Patrick Roy; he’ll next listen to Dave Cameron.
Jul 3, 2015, 8:07 AM EDT
Friday’s collection of links.
Jul 2, 2015, 11:00 PM EDT
He was fired by Toronto back in April.
- Sharks sign Joel Ward to three-year deal 6
- Sabres lock up O’Reilly through 2022-23 51
- Locked in: Columbus signs Saad to six-year, $36M deal 24
- Oilers sign McDavid to entry-level contract 18
- ‘Hawks would like to re-sign Oduya, but still working through ‘financial hurdles’ 14
- Trade: Caps acquire Oshie from Blues for Brouwer, Copley and draft pick 73
- Voynov takes plea, gets 90 days in jail plus probation 60
- Curtains on Broadway: Martin St. Louis calls it a career 36
- Discuss: Where’s the best fit for Alex Semin? 23
- Caps landing ‘affordable’ Williams a sign of the new free agency 4
- Blockbuster: Kessel traded to the Penguins (131)
- Trade: Flyers send Rinaldo to Bruins for 2017 third-rounder (105)
- Trade: Jackets land Saad; Anisimov and Dano headed to Chicago (93)
- Bypassing a buyout? Kings terminate Richards’ contract for ‘material breach’ (90)
- Trade: Flames land Dougie Hamilton for package of picks (75)