Confirmed with Link: Penguins re-sign Letang to six-year, $36.6m deal

[CheckingLineCenter]

Only real risk with the term I can think of is if we go belly up next year or year 2, then we can’t get a big return for Letang. Even then it’s not like we’re buggin about his cap hit in a rebuild.

Anyone talking 3-4+ years out… who cares. LTIR or let him run a PP on a 15 win team

 

[KareemTrustfund]

It’s a done deal!

 

[Lust for Life]

 

[SomeDude]

What color ink will be used, though? We need the dog to sniff out the real important details.

 

[ColePens]

It's cool he's a Pen for life. Honestly. My heart wants 87, 71, and 58 to retire a Penguin w/o being any relation to results.

 

[Zbynek]

Great. Now get Geno done.

 

[SEALBound]

Freaking what!? 6 years!? Hooooooooooooo-leeeeeeeeeeeeeeee balls! Hextall caved. Damn.

I mean, love to have him back. $6.1mil is nuts. But that length could be ugly in a couple years.

 

[Jaded-Fan]

Why not just sign geno to an eight year deal while we're at it! With a four million per cap hit!

I would not be at all opposed.

 

[orby]

The term is nutso but the cap hit is excellent. I like it.

 

[Pancakes]

I am completely good with this. What mattered is the AAV, not the years. If the Penguins suck during the back half of his deal, so be it. But this lets them do more in the short term with their cap.

 

[Jaded-Fan]

Freaking what!? 6 years!? Hooooooooooooo-leeeeeeeeeeeeeeee balls! Hextall caved. Damn.

I mean, love to have him back. $6.1mil is nuts. But that length could be ugly in a couple years.

So could the entire team. I would say more like 3 or 4 years though.

 

[Ryder71]

I would not be at all opposed.

Well, if you follow the team in a few years you might be. I'm sorry I just don't agree with this approach.

 

[Jag68Sid87]

Excellent work. This offers hope that Malkin will come back for something similar.

Still lots of work to do!

 

[orby]

There is a very real chance Letang inherits the captaincy from a retiring Crosby in a few years.

 

[wheelz87]

Incredible deal

 

[Coastal Kev]

$6.1m AAV

Based on this signing, the Pens next realistic year to compete is around 2032.

The Pirates actually have a better chance of competing sooner than the Pens.

Hooray for keeping the band together.

 

[BrindamoursNose]

Hey, it's your resident Flyers fan-Hextall stan,

Tried to tell some of ya'll.

There was no doubt Hextall was getting at least one of these guys signed at a bargain. I thought it was going to be 4 years, 7.5 AAV...this is better.

 

[Jacob]

Ehh if he retires aren't we still on the hook? But if he injures out we LTIR him. And if he just ages horrendously that's kind of a hefty cap hit to move but someone will probably take it off our hands for a price.

I think it's good for the next couple years.

 

[Malkinstheman]

I've been hoping that Hextall would go for this kinda deal. Give everyone more term to bring the AAV down. Maximize the next 2-3 years as much as possible.

 

[Coastal Kev]

People will be skeeved out by the length but I still don't really get why. Very smart, well-bargained deal.

I'll save this for 2025 usage....... hopefully we're both still around .

 

[Scandale du Jour]

There is a very real chance Letang inherits the captaincy from a retiring Crosby in a few years.

I would not be surprised if Sid re-signed a 3-year deal when his deal expires. Matching Letang's term.

 

[Pancakes]

Ehh if he retires aren't we still on the hook? But if he injures out we LTIR him. And if he just ages horrendously that's kind of a hefty cap hit to move but someone will probably take it off our hands for a price.

He won't retire, he'll want to get paid all of it.

If the team sucks near the end of his deal he'll do the time honored tradition of being LTIRed permanently until it's over.

 

[PensPlz]

That AAV is a god send.

6 years is a lot, but he will end up getting Hossa'd if he cannot play.

Exactly.

They should give Malkin the same contract. Hell, make it 8 years with a 4.5 average and the last 4 years he can sit on LTIR with a rash.

How many more years is Weber getting paid?

Every other team does it. Why not us?

 

[Coastal Kev]

Ehh if he retires aren't we still on the hook? But if he injures out we LTIR him. And if he just ages horrendously that's kind of a hefty cap hit to move but someone will probably take it off our hands for a price.

I think it's good for the next couple years.

Good for couple of years doesn't work well with guaranteed long term contracts.

 

[DesertedPenguin]

They frontloaded it. That means they'll be on the hook for the AAV if he retires before contract ends. Which means they'll have to either trade that contract or he will have to end his career on LTIR for the Pens to be free of the cap hit.

That makes managing it more difficult, but at a lower AAV and a projected cap increase, they'll probably figure it out. Or they'll be so far under the cap at that point that it won't matter.