UPDATE: Ray Shero is a wizard. The Pascal Dupuis deal is reportedly worth $15 million, for an AAV of $3.75 million.
Time to put the trade rumors to rest. Kris Letang is staying in Pittsburgh.
The Norris finalist and the Penguins finally, offically agreed today to an eight-year, $58 million contract extension. The deal begins with the 2014-15 season and runs through 2021-22, with an average annual value of $7.25 million. That ranks him third among NHL blueliners, trailing only Shea Weber ($7.86 million) and Ryan Suter ($7.54 million).
The deal reportedly was finalized when Letang relented on his demand for assurances that he wouldn’t be traded before his limited no-trade clause kicks in next summer.
The only guy happier to see this deal done than Letang might be Norris winner P.K. Subban, whose extension talks next summer will likely start at $8 million per.
Pascal Dupuis has signed a 4 year contract with the Pittsburgh Penguins.—
Allan Walsh (@walsha) July 03, 2013
A little less happy will be fellow Penguins Pascal Dupuis, Matt Cooke and Craig Adams. All three free agents have been in talks with GM Ray Shero about new deals, but a cap crunch may make it impossible to sign any of them for what they could get on the free market. Expect the Pens to make a concerted effort to find common ground with Dupuis, but it seems likely all three will be allowed to walk so their spots can be filled by younger, cheaper prospects.