Piitsburgh Penguins Free Agency Updates

I decided I would go ahead and make a FanPost so that I have somewhere to post free agency updates as they happen throughout the off-season.

The first and most prominent was big news and everybody already knows about it. Evgeni Malkin was signed to an 8-year $76M contract with a No Movement Clause that comes to a $9.5M per year Cap Hit.

Ray Shero is reportedly set to begin talking to Pascal Dupuis next week and Kris Letang within the next 10 days.

Dupuis there is no word on what kind of figures either side is leaning towards, but there are rumblings that Dupuis is seeking a 4-year deal whilst Shero is reluctant to lock him up for that long. Speculations for his price range from the conservative $2M-$3M to a lucrative $3M-$4M.

The rumours about Letang suggest that he is looking for a 5-8 year deal in the $7M-$8M range, but that he may be willing to return to Pittsburgh for a "mere" $6M-$6.5M in order to get the 8 year long term stability. Having previously looked up the contracts of his peers, his actual value should be in the $4M-$5M range with $6M being quite generous. However, as we have seen last year and even in some of the other teams' recent signings, there are plenty of GMs more than willing to overpay.

Now, the reason I decided to make this post in the first place. The first Penguins casualty has happened today. Pittsburgh native and Harvard Graduate Dylan Reese becomes the first player to sign elsewhere. Reese signed a 1-year deal with the Amur Khabarovsk of the KHL.

This is unfortunate, as I had hoped Reese would sign on for another year and move up to Pittsburgh, where he could bring a veteran role and fill in the missing 7th D roster spot. Now we have to hope that either Robert Bortuzzo is resigned to become the 7th D or else that Philip Samuelsson is ready to move up.

The content expressed in fanposts does not necessarily reflect the opinions of the staff here at FanPosts are opinions expressed by fans of various teams throughout the league but may be more Pittsburgh-centric for obvious reasons.

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