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Insider Only Evgeni Malkin Resigns with the Penguins

Malkin Decides Against Testing Free Agency, Resigns with Penguins

A day after breaking off contract talks with the Pittsburgh Penguins and planning to test free agency, Evgeni Malkin reversed course late this afternoon by having his agent J.P. Barry re-engage in contract talks with the Penguins as the two sides have officially agreed on a four year, $24.4 million contract, team announced Tuesday night.

Malkin who turns 36 on July 31st, receives a Full No Move Clause and will make $8 million in year 1 of the contract that includes a $4 million signing bonus. The $24.4 million contract over four years is the same contract the Penguins have had on the table for several days that Malkin walked away from Monday.

“Evgeni is a generational talent who will be remembered as one of the greatest players in NHL history,” Penguins general manager Ron Hextall said Tuesday night in a statement. “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.”

Malkin initially planning to test free agency was setting up for Wednesday to be quite a suspenseful day for the Penguins as speculation was rampant throughout the day in league circles that the Washington Capitals were emerging as a serious consideration in the Malkin camp on a short-term deal. Nonetheless, it was all for not.

Pittsburgh will now be less of a player in free agency as the team is down to around $4 million in cap space and chances to move contracts start to dwindle for teams after the free agency frenzy.

About The Author

William DePaoli

TIOPS Insider

William DePaoli is the President/Founder of Inside Pittsburgh Sports LLC and can be reached at wdepaoli@insidepittsburghsports.com

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