Malkin set to take Pens-friendly extension
OTTAWA -- Sidney Crosby cracked the door open last July.
Evgeni Malkin wants to rip it from its hinges next month to allow teammates - specifically impending unrestricted free agent Marian Hossa - a clear path toward long-term futures with the Penguins.
Malkin's agent, JP Barry, said Friday his client would follow the precedent set by Crosby last summer and sign a long-term extension at less than his presumed market value to provide the Penguins salary cap space necessary to remain a Stanley Cup contender.
"He wants to stay in Pittsburgh and keep as many of these players together and try and make a run next year," Barry said prior to the first round of the NHL Entry Draft at Scotiabank Place.
Barry added that Malkin is optimistic the Penguins can keep Hossa, defenseman Brooks Orpik, also a potential unrestricted free agent, and goaltender Marc-Andre Fleury.
If that scenario does not shake out, Barry said Malkin would be upset.
"He would join the line," Barry said. "I'm sure Crosby would be upset. I'm sure Sergei Gonchar would be upset. He's intensely interested in finding out what is going with negotiations, because he wants them to keep as many guys as possible."
Malkin will enter the final season of his three-year, entry-level deal. He is eligible to become a restricted free agent July 1, 2009.
That option would provide him an opportunity to sign an offer sheet from another team, and consensus around the league is Malkin would receive an offer of the maximum allowable annual salary - 20 percent of the league's overall cap. The salary cap is expected to be near $54 million next season.
According to the league's collective bargaining agreement, the Penguins cannot sign Malkin to an extension before July 1.
Barry said an extension should be "done the first or second week of July." He characterized negotiations with Penguins general manager Ray Shero as good and said the parties have a "framework (they're) working toward."
That framework, Barry said, is similar to the extension signed by Crosby last summer - $43.5 million over five years.
Malkin told the Tribune-Review at the NHL Awards Show in Toronto last week he had no desire to top Crosby's $8.7 million annual salary.
Several of Malkin's teammates told the Tribune-Review recently he confided to them prior to the Stanley Cup playoffs that he would give the Penguins a discount to help create salary-cap space.
"The framework of these negotiations has been primarily driven by Evgeni's wishes," Barry said. "He's the one that set the term, discussed the dollar, and he's thought about it for a couple of months - what's going to be right for (him) and the team and trying to keep as many people together as possible."
Barry added that Malkin has no interest in returning to his native Russia and playing in a startup league. A Toronto Star report yesterday suggested Malkin could receive offers of near $12 million annually to join a club from that league.
"That's not what he's interested in doing," said Barry, who added that he hoped for assurances from the Penguins that Malkin would not be traded if he signed an extension.
Malkin is not eligible for a no-trade clause until he would become an unrestricted free agent. A five-year extension would buy out his first year of free-agent eligibility.
"The purpose is not to negotiate a deal to help Pittsburgh and not be in Pittsburgh," Barry said.
Hossa is among 12 players from the Penguins' Stanley Cup final roster who can become unrestricted free agents July 1.
Shero said he is "not optimistic and not pessimistic" about keeping Hossa.
"We'll see what happens," Shero said regarding Hossa, who is represented by Ritch Winter - a reputably tough negotiator known to urge his players to chase the money.
Hossa, who earned $7 million this past season, has said he would take less than his market value to play on a good team.
Shero said the Penguins, who came within two wins of a championship this past season, have "worked the numbers" to determine how they can fit long-term deals for Malkin and Hossa under the cap.
Hossa spent the past few weeks on vacation in the Bahamas. The Penguins will present him with a formal offer upon his return.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Ex-teammates say Kessel unfairly criticized
- Penguins’ Kessel ‘thrilled’ with chance to play with Crosby, Malkin
- Russian winger Plotnikov could join Penguins in August
- New Penguin Kessel’s shot is what makes him special
- Defenseman Martin’s agent planning meeting with Penguins at draft
- Shopping season starts up for Penguins amid onset of free agency
- Penguins get their man in making trade with Toronto for Kessel
- Scouts think Penguins could regain luster with minor tinkering
- Shopping season begins for Penguins amid onset of free agency
- Penguins sign defensive prospect