Penguins sign Kris Letang to 4-year extension

Letang.jpgThe Pittsburgh Penguins have locked down one of their many soon-to-be
free agents, giving defenseman Kris Letang a four-year contract
extension the
team announced today on it’s website
. From the press release:

Pittsburgh Penguins have signed defenseman Kris Letang
to a four-year contract extension, it was announced today by executive
vice president and general manager Ray Shero. Financial terms were not

The new contract goes into effect at the start of the
2010-11 season and
will run through 2013-14. Letang, 22, has played 211 career NHL games
in three-plus seasons with Pittsburgh, totaling 79 points on 21 goals
and 58 assists.

It will be interesting to see what
the financial terms of the deal are; before the extension Letang was
still under his original entry-level contract and was scheduled to be
the team’s only restricted free agent.

The Penguins still have
nine other UFA’s this summer to decide on, but thanks to nearly $19
million locked into Sidney Crosby and Evgeni Malkin for next season (and
beyond), the Penguins already have $41 million locked into their
payroll for next season. Assuming that the salary cap stays around the
$56 million mark, that’s $19 million to spread around nine roster spots.

The Penguins will have a tough choice to make with a few
veterans, most notably Sergei Gonchar and Bill Guerin. Letang’s contract
is great for the Penguins for the future; let’s just wait and see what
the finances of the deal are. It could make some interesting choices not
that hard to make.

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