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Evgeni Malkin Staying a Penguin: 4 yrs, 6.1M AAV


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Courteny TSN Canada:
Evgeni Malkin Pittsburgh Penguins four-year contract extension - TSN.ca

 

Break up the old band in Pittsburgh?
Not so fast....

With Sidney Crosby still having 3 more seasons to go and Kristopher Joseph Pierre Irwin Letang just re-signing for 6 more years, Evgeni Malkin says, "Hold my vodka", as he inks a 4 yr deal to remain a Pittsburgh Penguin, thus keeping the venerable core together once again.

Some other fanbases may have been giddy about the thought of landing the big Penguin, others may have actually FEARED their GMs would sign him to some crippling contract.
Doesn't matter now.

He has been a Penguin, and from the looks of it, the 35 yr old center will remain that way probably for the rest of his career.

Did Pens fans want him back?
If so, is the contract too much? Just about right?
Did you want him gone and use the cap space elsewhere?

For those Pens fans that wanted him back and thought they almost lost him, let me say... 
alive.jpg.275a2b466b6cbbc9eb195ff18d215e46.jpg

Edited by TropicalFruitGirl26
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  • TropicalFruitGirl26 changed the title to Evgeni Malkin Staying a Penguin: 4 yrs, 6.1M AAV

Malkin agrees to four-year, $24.4 million contract with Penguins

35-year-old forward is third in Pittsburgh history in goals, assists, points

NHL.com @NHLdotcom
 July 12, 2022
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Evgeni Malkin agreed to a four-year, $24.4 million contract with the Pittsburgh Penguins on Tuesday. It has an average annual value of $6.1 million.

 

The 35-year-old forward, who could have become an unrestricted free agent at noon ET on Wednesday, had 42 points (20 goals, 22 assists) in 41 games this season, missing the first 34 games following offseason knee surgery. Malkin also had six points (three goals, three assists) in seven games in the Stanley Cup Playoffs, when the Penguins were eliminated by the New York Rangers in the Eastern Conference First Round.

 

"Evgeni is a generational talent who will be remembered as one of the greatest players in NHL history," Pittsburgh general manager Ron Hextall said. "His hockey resume and individual accomplishments speak volumes about him as a player, and we are thrilled to watch him continue his remarkable legacy in Pittsburgh."

 

Selected with the No. 2 pick in the 2004 NHL Draft, Malkin is third in Penguins history in goals (444), assists (702) and points (1,146), and second in games played (981) behind Sidney Crosby (1,108). He is also tied for 14th in NHL history with 180 points (67 goals, 113 assists) in 177 playoff games.

 

Among his accomplishments in the League, Malkin has won the Calder Trophy voted as rookie of the year (2006-07), the Hart Trophy voted as most valuable player (2011-12), the Ted Lindsay Award as the most outstanding player as voted by members of the NHL Players' Association (2011-12), and the Art Ross Trophy as the leading scorer twice (2008-09, 2011-12).

 

He has also helped Pittsburgh win the Stanley Cup three times (2009, 2016, 2017), including winning the Conn Smythe Trophy as the MVP of the playoffs in 2009.

 

With his new contract, Malkin will likely end his career in Pittsburgh with Crosby and Kris Letang. Crosby, a 34-year-old center, has three seasons remaining on his contract; Letang, a 35-year-old defenseman, agreed to terms on a six-year, $36.6 million contract ($6.1 million AAV) with the Penguins on Thursday.

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Evgeni Malkin Signs Four-Year Extension

 AT  CDT | BY  

Turns out Evgeni Malkin isn’t heading to market after all. After going back and forth for months, the Pittsburgh Penguins and their Russian superstar have come to an agreement just 12 hours before he was set to hit the open market. Malkin has signed a four-year extension that will pay him $24.4MM ($6.1MM AAV).

General manager Ron Hextall released the following statement:

Evgeni is a generational talent who will be remembered as one of the greatest players in NHL history. His hockey resume and individual accomplishments speak volumes about him as a player, and we are thrilled to watch him continue his remarkable legacy in Pittsburgh.

USATSI_10077751-225x300.jpgMalkin, 35, will now be under contract through the 2025-26 season, one year longer than teammate Sidney Crosby (but two years shorter than the recently-extended Kris Letang, who now carries the same cap hit). Pierre LeBrun of The Athletic reports the full details of the contract:

  • 2022-23: $4.0MM salary + $4.0MM signing bonus
  • 2023-24: $6.0MM salary
  • 2024-25: $5.6MM salary
  • 2025-26: $1.0MM salary + $3.8MM signing bonus

The deal also includes a full no-movement clause throughout, though trade speculation will likely never stop, as it has followed Malkin through most of his career.

 

What a career it has been. The second-overall pick from 2004 stepped into the NHL in 2006 as an instant superstar, winning the Calder Trophy in a landslide over Paul Stastny (Malkin received 120 of the 143 first-place votes) and scoring 85 points in 78 games.

 

By year two, he was already the Hart Trophy runner-up and by year three he was taking home the Art Ross as the league’s most productive player. He also happened to take home the Conn Smythe that year, as the Malkin and the Crosby-led Penguins lifted the Stanley Cup for the first time. They would do it twice more with that dynamic duo in place, and now look to try it again while they are still effective.

 

It has never been Malkin’s effectiveness that is questioned, only his consistency and health. The big center has only played 70 games in a season once over the last decade, usually missing significant stretches due to injury. This season he played in just 41 games, though he still managed to score at a better than point-per-game pace, registering 20 goals and 42 points.

 

The negotiation, obviously stressful on both sides, has resulted in a deal that seems more than reasonable. The Penguins get to have Malkin back for a cap hit quite a bit lower than the $9.5MM he had been carrying since 2014, while the veteran forward gets the security of a four-year deal to play out his career in Pittsburgh.

 

Now the question of whether Malkin, Crosby, and Letang are still good enough to lead this team to the promised land will be asked–or whether all this contract confirms is that they will each be Penguins for life.

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8 hours ago, Brewin Flames said:

Evgeni Malkin Signs Four-Year Extension

JULY 13, 2022 AT 12:09 AM CDT | BY GAVIN LEE 

Turns out Evgeni Malkin isn’t heading to market after all. After going back and forth for months, the Pittsburgh Penguins and their Russian superstar have come to an agreement just 12 hours before he was set to hit the open market. Malkin has signed a four-year extension that will pay him $24.4MM ($6.1MM AAV).

General manager Ron Hextall released the following statement:

Evgeni is a generational talent who will be remembered as one of the greatest players in NHL history. His hockey resume and individual accomplishments speak volumes about him as a player, and we are thrilled to watch him continue his remarkable legacy in Pittsburgh.

USATSI_10077751-225x300.jpgMalkin, 35, will now be under contract through the 2025-26 season, one year longer than teammate Sidney Crosby (but two years shorter than the recently-extended Kris Letang, who now carries the same cap hit). Pierre LeBrun of The Athletic reports the full details of the contract:

  • 2022-23: $4.0MM salary + $4.0MM signing bonus
  • 2023-24: $6.0MM salary
  • 2024-25: $5.6MM salary
  • 2025-26: $1.0MM salary + $3.8MM signing bonus

The deal also includes a full no-movement clause throughout, though trade speculation will likely never stop, as it has followed Malkin through most of his career.

 

What a career it has been. The second-overall pick from 2004 stepped into the NHL in 2006 as an instant superstar, winning the Calder Trophy in a landslide over Paul Stastny (Malkin received 120 of the 143 first-place votes) and scoring 85 points in 78 games.

 

By year two, he was already the Hart Trophy runner-up and by year three he was taking home the Art Ross as the league’s most productive player. He also happened to take home the Conn Smythe that year, as the Malkin and the Crosby-led Penguins lifted the Stanley Cup for the first time. They would do it twice more with that dynamic duo in place, and now look to try it again while they are still effective.

 

It has never been Malkin’s effectiveness that is questioned, only his consistency and health. The big center has only played 70 games in a season once over the last decade, usually missing significant stretches due to injury. This season he played in just 41 games, though he still managed to score at a better than point-per-game pace, registering 20 goals and 42 points.

 

The negotiation, obviously stressful on both sides, has resulted in a deal that seems more than reasonable. The Penguins get to have Malkin back for a cap hit quite a bit lower than the $9.5MM he had been carrying since 2014, while the veteran forward gets the security of a four-year deal to play out his career in Pittsburgh.

 

Now the question of whether Malkin, Crosby, and Letang are still good enough to lead this team to the promised land will be asked–or whether all this contract confirms is that they will each be Penguins for life.

I think that the rest of the conference/league are on to their tactics. It will be hard to make it out of tge 1st round.

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