The Pittsburgh Penguins have re-signed franchise legend Evgeni Malkin to a one-year contract worth $5.5 million for the 2026-27 season. The deal includes a base salary of $2.5 million plus performance incentives that could boost the total value to as much as $9 million if certain team and personal milestones are met.
Pierre LeBrun reported the details of the contract, which features a $3 million signing bonus, $500,000 in games-played bonuses, $1 million for making the playoffs, and $500,000 for each playoff round won. The structure reflects a mutual desire to keep Malkin in Pittsburgh while aligning with the team’s financial flexibility.
Malkin, who will turn 40 in July, played in 56 games during the 2025-26 season, recording 61 points (22 goals, 39 assists) despite dealing with injuries. General Manager Kyle Dubas noted that the time away from the ice helped the veteran forward reset, even if it limited his game total.
This agreement marks Malkin’s 21st season with the Penguins and places him alongside Sidney Crosby and Kris Letang, the longest-tenured core trio in major North American pro sports. The contract is a pay cut from his previous $6.1 million average annual value but shows Malkin’s commitment to helping the Penguins remain competitive while building for the future.
Malkin has spent his entire 20-year NHL career with Pittsburgh after being selected second overall in the 2004 draft. He has won three Stanley Cups, a Hart Trophy, and is widely considered one of the greatest players in franchise history.
GM Kyle Dubas confirmed the team’s enthusiasm for the deal, stating they “love” having Malkin back. The performance-based incentives highlight the Penguins’ push for playoff success in the coming season.
With the deal finalized, Malkin will look to continue his legacy in Pittsburgh as the team balances veteran leadership with a younger roster. The Penguins now have a clearer path to stability on the ice and in the locker room as they head into the 2026 NHL Draft and summer signings.
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