Pens ink Oleksiak to $6.4MM deal

 

The Pittsburgh Penguins have signed defenseman Jamie Oleksiak to a three year, $6,412,500 contract. The deal keeps Oleksiak under contract through the 2020-2021 season and carries an AAV of $2,137,500. Kris Letang – $7.25MM Justin Schultz – $5.5MM Brian DuMoulin – $4.1MM Olli Maatta – $4.083MM Jack Johnson – $3.25MM Jamie Oleksiak – $2.137MM Chad Ruhwedel – $650,000 The Oleksiak deal now leaves the Penguins with around $1.4 million in cap space. If the team opted to carry 23 skaters, Pittsburgh’s cap space would be under $700,000.

Why the Penguins made a calculated move to leak the Johnson signings days in advance

 

The Pittsburgh Penguins signing of Jack Johnson to a 5 year contract has drawn major criticism and the Penguins knew it was coming before the deal became official on July 1. That’s a main reason the team made a calculated move last week to leak the signing several days before July 1. One source noted the club wanted to try to get out in front of it. Jim Rutherford is a GM who offers unbelievable access for a General Manager. He’s not shy about laying his plans out in the open, he’ll often tell you how he feels, even if it’s off the cuff. One thing, though, that is very important to Rutherford is positive press, those who know Rutherford constantly say. All you have to do is look back at how he handled the negative headlines late in the 2014-2015 season. Rutherford is a wonderful guy, a likely Hall-of-Famer,Read More »

Latest Pens Buzz: Second-Guessing, fallout of the Johnson signing on what it prevented the Penguins from doing on July 1

 

[TIOPS HEADLINES] [Johnson seen by management as potentially taking tough minutes away from Letang] [How the Johnson signing ended the ability to sign Grabner] [Neal camp approached Penguins about a return?] [Dominik Simon part of coaching staff’s plans] [Cullen expecting to play a lot of wing] Latest Pens Buzz — Jim Rutherford drove the bus in signing Johnson, sources say. This wasn’t some consensus organizational decision that Jack Johnson is the answer to the Penguins solidifying their top-4. Rutherford see’s something the rest of the hockey world doesn’t as the Penguins negotiated against themselves for Johnson as he had a one year offer from the Anaheim Ducks and was in discussions on a two year deal with the Detroit Red Wings as a fallback plan if Mike Green signed elsewhere. Montreal expressed interest at the draft but were quickly told the player would not consider playing in Montreal. Pittsburgh notRead More »

Jamie Oleksiak files for arbitration

 

Pittsburgh Penguins defenseman Jamie Oleksiak was among 44 NHL players to officialy file for arbitration on Thursday. Oleksiak, 25, had four goals and 14 points in 47 games with the Penguins last season. Talks between the Penguins and Oleksiak’s representatives at Newport Sports have been slow moving to this point but the two sides will be coming together on a short-term deal in the next couple weeks and likely avoid arbitration. Oleksiak made $964,000 last season and expectations are a short term deal would come in around $1.5-$2 million.

Jimmy Hayes a notable signing among 2-way contract group

 

The Pittsburgh Penguins announced on Sunday they have signed forward Jimmy Hayes, defensemen Zach Trotman and Stefan Elliott, and goaltender John Muse to one year, two-way contracts. All four deals contain an AAV of $650,000 at the NHL level. Hayes, 28, is the most notable signing of the 2-way contract group to this point. Hayes career season came in 2014-2015 with 19 goals, 35 points for the Florida Panthers. He was then moved for Riley Smith and followed up his 35-point season in 14/15 with a 13 goal, 29 point season in 15/16 with the Bruins. Hayes, though, has taken a nose-dive since and struggled to find a role the last two seasons in an NHL that has become more about speed. Last season with the New Jersey Devils he tallied 3 goals and 9 points in 33 games. The previous season Hayes had 5 points in 58 games withRead More »

Penguins bring back Matt Cullen

 

Jack Johnson is officially a Pittsburgh Penguin, agreeing to a 5 year, $16.5 million contract. The Penguins have signed defenseman Jack Johnson to a five-year contract for an average annual value of $3.25 million. Welcome to the team! Full details: https://t.co/7DvtHtp8zM pic.twitter.com/ZqxmDGD1T7 — Pittsburgh Penguins (@penguins) July 1, 2018

Every cent of the Penguins freed up cap space from Sheary trade will go to Sheahan/Johnson

 

Sheahan officially back in the fold, Johnson on tap The Pittsburgh Penguins today cleared $5.25 million in cap space with the trade of Conor Sheary, Matt Hunwick to the Buffalo Sabres for a conditional fourth-round pick that turns into a third round pick if Sheary scores 20 goals or 40 points. Jim Rutherford is known as a big-game hunter and Pittsburgh freeing up over $5 million in cap space had one agent of a prominent pending UFA winger eyeing a chance to join a Cup Contender reach out to the Penguins

Penguins deal Sheary, Hunwick to Buffalo

 

The Pittsburgh Penguins have agreed to terms on a trade to send winger Conor Sheary and defenseman Matt Hunwick to the Buffalo Sabres for a mid-round draft pick. The trade will clear $5.25 million in cap space for the Penguins as Pittsburgh will not receive any NHL roster players in return. The Sheary trade is also win for the Penguins coaching staff who pushed hard once again to Penguin management to keep Carl

Tom Kuhnhackl rejected 2 year offer from Penguins

 

The Pittsburgh Penguins on Monday opted not to qualify winger Tom Kuhnhackl, making Kuhnhackl a free agent. Kuhnhackl who will be signing elsewhere, was a strong candidate not to be tendered from the get-go due to the Penguins logjam of left wingers and desire to add more offense to the 4th. The team, though, did make an attempt to sign Kuhnhackl prior to the qualifying offer deadline. Penguins GM Jim Rutherford told the Post-Gazette on Tuesday that Kuhnhackl rejected a 2-year offer from the team.