Penguins Sign Evgeni Malkin To One-Year Extension

Malkin’s extension puts an end to what was months of speculation about his Penguins future.

Just this morning, we covered reports indicating that Malkin’s sights were set on an extension with Pittsburgh, and that he was unlikely to be headed elsewhere. This represented a distinct shift from what had been reported over the last year.

A year ago, Josh Yohe of The Athletic reported that the 2025-26 season would be Malkin’s “last in Pittsburgh.” He cited sources within the organization who indicated that the Penguins were “not expected to offer him another contract with the franchise.”

It seems Malkin’s performance this past year, as well as the Penguins’ surprisingly strong regular season, changed the organization’s thinking.

Malkin, who turns 40 at the end of July, seemed to turn back the clock in 2025-26. He scored 19 goals and 61 points in 56 games, his first season pacing at above a point-per-game rate since 2022-23. The Penguins endured a difficult series against their arch-rival Philadelphia Flyers, losing in six games in the first round, but that doesn’t erase what he was able to accomplish in the regular season.

The key question for Malkin is health. While he was perfectly healthy in 2022-23 and 2023-24, he has missed some time in each of the last two years. In 2024-25, he played in 68 games, and this past year was limited by upper-body injuries as well as a lengthy five-game suspension. Malkin’s on-ice qualities remain exceptional, but there has been concern about his ability to stay on the ice, as well as how his on-ice value will fare if the pace of his game slows further.

Pittsburgh appears determined to turn over their team to a new generation of young forwards, including promising rookie center Ben Kindel. Much of the prior reporting indicating Pittsburgh was hesitant to extend Malkin can likely be explained by the organization’s desire to carve out as much ice time and prime power play opportunities for its young forwards.

But Malkin showed he still has quite a lot to offer in the NHL, and the Penguins don’t have to pick between keeping Malkin and developing their young players – they can do both. Kindel, for example, could stand to benefit from another season sharing the ice and locker room with Malkin.

Now, he’ll get the chance to do so as the Penguins have elected to keep one of their two legendary centers for an additional season.