Originally posted on Puck Drunk Love  |  Last updated 6/27/13
Kris Letang and his agent are looking for money. Big money. You might even call it ridiculous money. How ridiculous are we talking? Evidently, Letang has turned down an eight-year, $56 million offer that was extended from the Penguins to the defenseman, as reported by Pierre LeBrun.  LeBrun also reported that Letang countered, asking for a long-term deal that paid an annual salary somewhere between $7.5 and $8 million a year. The Penguins declined, claiming that was too much money.  Do these latest developments mean we've seen the last of Letang in Pittsburgh?  To recap, the Penguins offered $7 million a year for eight years. Letang countered, asking for between $7.5 and $8 million a year over the course of an unspecified long-term deal. Realistically, the sides aren't too far apart, but it's crazy to think that a defenseman making $3.5 million a year would balk at an offer where he'd earn twice that for the next eight seasons.  Pittsburgh's offer is more than fair. In fact, it's quite generous considering they already have a strained budget due to massive contracts for Sidney Crosby and Evgeni Malkin. If Pittsburgh's offer to Letang was accepted (eight-years, $56 million), the team would have only $19.35 million in cap space remaining for 2014-15, assuming the NHL's salary cap is $64.3 million. The cap will likely rise before then, but the fact is that Pittsburgh would have at least $49 million tied up in just eight players.  What happens now?  It's possible Pittsburgh and Letang agree on a deal since the sides are so close, but it's also possible Pittsburgh says enough is enough and moves the defenseman. At the very least, a trade seems more likely now than it did a few days ago. Negotiations may continue, but it's doubtful we'll hear much more about it since the Penguins will want to keep Letang's trade value as high as possible in the event they decide to make a deal.  Is Letang even worth this much money?  That's the million dollar - actually the $56 million - question. There's no question Letang is skilled offensively (209 points in 385 games), but he does benefit from the wealth of talent around him on the ice. His defensive ability is also in question, especially after he was shredded on numerous occasions in the team's playoff series against Boston. Perhaps the Penguins should look to their neighbors in Washington and ask how things have worked out with Mike Green.  [follow]

This article first appeared on Puck Drunk Love and was syndicated with permission.

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Sanu: Halftime show played role in Super Bowl collapse

Report: Rams, Clippers discussing NBA venue in Inglewood

Terrence Jones reportedly interested in joining Celtics

LeBron reverses course, says he ‘always felt good’ about Cavs

Report: Ole Miss tried to implicate Mississippi State in football scandal

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Jamaal Charles could be on the roster bubble

Jimmy Butler on state of Bulls: ‘I just want to win at all costs’

Report: Giants will be ‘aggressive’ in trying to sign Jason Pierre-Paul

Report: Porzingis avoided ligament damage in ankle

Brooks Koepka meltdown includes whiff, stomping head off driver

Report: 49ers could talk trade for QB at the NFL Scouting Combine

Top 10 shortstops in baseball for 2017

The most dangerous NBA teams flying under the radar

Eat, Drink, Watch: Your award-worthy weekend planning guide

Grading the NBA trade deadline on the Vince Carter scale

Box Score 2/24: A night of NBA disrespect

As NHL trade deadline nears, seven teams who could be dealing

The 'Pete Rose instead of Kareem? Surely, you can't be serious' quiz

Streaming sports docuseries you don't want to miss

Teams that can prevent a Cavs-Warriors NBA Finals three-peat

The NFL off-season is a passer’s fancy

The Aesthetic: Pushing the boundaries of the three-pointer

NBA coaches who should be fired soon

NHL News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Top 10 shortstops in baseball for 2017

The most dangerous NBA teams flying under the radar

Eat, Drink, Watch: Your award-worthy weekend planning guide

Grading the NBA trade deadline on the Vince Carter scale

Streaming sports docuseries you don't want to miss

As NHL trade deadline nears, seven teams who could be dealing

The 'Pete Rose instead of Kareem? Surely, you can't be serious' quiz

Teams that can prevent a Cavs-Warriors NBA Finals three-peat

The NFL off-season is a passer’s fancy

QUIZ: Name every MLB pitcher who has recorded 10 or more shutouts in a single season

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker