Evgeni Malkin Signs Interesting Extension with the Penguins

After a fantastic season that included solid numbers for Malkin, and talk that the Penguins might not be keen to re-up his deal, both sides were ultimately able to figure it out. The deal was announced Tuesday and it includes performance bonuses (reportedly around $3.5 million available for games played and playoffs). Malkin would have become an unrestricted free agent on July 1 but made it clear throughout the season that he wanted to stay in Pittsburgh.

Things changed toward the end of the season from a Penguins perspective, as Dubas said the team would “love” to have him back.

Key Details of the Malkin Deal

Malkin, who turns 40 in July, played in 56 games during the 2025-26 season (limited by injuries) and posted 61 points (22G, 39A).GM Kyle Dubas talked about how injuries and a suspension impacted how many games Malkin was able to play, but also pointed out that a little time off helped the veteran forward.

This will mark his 21st season with the Penguins alongside Sidney Crosby and Kris Letang — the longest-tenured core trio in North American major professional sports

The contract represents a significant pay cut from his previous $6.1 million AAV, showing Malkin’s willingness to help the team stay competitive while transitioning toward a younger roster. It also likely suggests that the Pens took advantage of the fact that Malkin made it clear he didn’t want to play elsewhere. This was two sides finding a middle ground in order to give both what they wanted.

Malkin has spent his entire 20-year NHL career with the Penguins after being drafted second overall in 2004. He has won three Stanley Cups, a Hart Trophy, and ranks as one of the greatest players in franchise history.