Evgeni Malkin Signs Four-Year Contract Extension in Pittsburgh

Pittsburgh Penguins great Evgeni Malkin is getting his wish and staying with the franchise as one of the all-time greats signed a four-year contract extension for $6.1 million per season. This news comes as pressure was building around the organization to get something done.

Malkin gets a chance to retire a Penguin and joins Kris Letang and Sidney Crosby once again, for a chance at the Stanley Cup. Head coach Mike Sullivan wanted 'Geno' back and feels the team is very much still a contender with this core. Another year for Tristan Jarry to develop and a full season with Rickard Rakell should go a long way for the Penguins in 2022-23.

Reports surfaced the team wasn't initially interested in giving Malkin a four-year extension, something President of Hockey Operations Brian Burke later shut down. Then late Monday night it was reported Malkin informed the Penguins he's going to market. Today, reports of Sidney Crosby getting involved. To be a fly on the wall in Pittsburgh.

Evgeni Malkin is not hitting the free agent market after all.

His $6.1M cap hit matches Kris Letang's and comes in a bit above his average market value over the next four years. But it keeps the Penguins' core trio together for another few seasons. pic.twitter.com/KcEd9HvUeW
— Shayna (@hayyyshayyy) July 13, 2022

As for the Penguins legend, Malkin recorded 42 points in 41 games last season and another six points in seven Stanley Cup playoff games. Lots still left in the tank. The Penguins are hopeful he can stay healthy and contribute for four more seasons.

Hextall: "Evgeni is a generational talent who will be remembered as one of the greatest players in NHL history. 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." pic.twitter.com/zbZeKq0ekk
— Pittsburgh Penguins (@penguins) July 13, 2022