The Penguins on Tuesday re-signed Evgeni Malkin to a one-year deal worth $5.5 million.
"Best city, best fans, I stay one more year," Malkin said in a video the Penguins put out after the signing. The Penguins' video showed Malkin joking about whether he could add "more zeroes" to the contract, then proclaiming it the "best day of my life."
TSN reported after the signing that Malkin's deal includes a full no-movement clause and performance bonuses on top of his $5.5 million base salary, including up to $500,000 in bonuses for games played, $1 million if the Penguins qualify for the playoffs, and an additional $500,000 for each round won, making it possible that in the end Malkin could make even more than his previous cap hit of $6.1 million.
Malkin was eligible for performance bonuses only because he is older than 35 and on a one-year contract. Performance bonuses, if he hits them, do count toward the team's cap, but there is a cushion that allows teams to exceed the cap slightly if due to performance bonuses, though the Penguins might not necessarily be up against the cap next season.
Malkin was clear throughout the season that he wished to re-sign with the Penguins and had no desire to sign elsewhere, but he did say on cleanout day that he would play for a new team if the Penguins didn't extend an offer. Kyle Dubas said in his season-ending availability that they "would love" to re-sign Malkin. Dubas also shut down the popular notion that bringing Malkin back would "block" a young forward, saying that their young forwards didn't show enough during the season to make that true.
THE ASYLUM
Malkin re-signs for one year
The Penguins on Tuesday re-signed Evgeni Malkin to a one-year deal worth $5.5 million.
"Best city, best fans, I stay one more year," Malkin said in a video the Penguins put out after the signing. The Penguins' video showed Malkin joking about whether he could add "more zeroes" to the contract, then proclaiming it the "best day of my life."
TSN reported after the signing that Malkin's deal includes a full no-movement clause and performance bonuses on top of his $5.5 million base salary, including up to $500,000 in bonuses for games played, $1 million if the Penguins qualify for the playoffs, and an additional $500,000 for each round won, making it possible that in the end Malkin could make even more than his previous cap hit of $6.1 million.
Malkin was eligible for performance bonuses only because he is older than 35 and on a one-year contract. Performance bonuses, if he hits them, do count toward the team's cap, but there is a cushion that allows teams to exceed the cap slightly if due to performance bonuses, though the Penguins might not necessarily be up against the cap next season.
Malkin was clear throughout the season that he wished to re-sign with the Penguins and had no desire to sign elsewhere, but he did say on cleanout day that he would play for a new team if the Penguins didn't extend an offer. Kyle Dubas said in his season-ending availability that they "would love" to re-sign Malkin. Dubas also shut down the popular notion that bringing Malkin back would "block" a young forward, saying that their young forwards didn't show enough during the season to make that true.
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