Center Riley Sheahan will not hit the open market on July 1.

Sheahan’s representives at CAA Sports [hide] informed the Penguins today of their intentions to finalize the framework of a deal the two sides have been working on since late Monday.

A source close to the situation said the two sides are putting the “finishing touches” on the new deal.

Penguins GM Jim Rutherford said today at the Penguins development camp a deal is “closer”. [/hide]