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Penguins Free Agency Update

It has been a week of good news and bad news for the Pittsburgh Penguins as they have seen several roster gains, losses and signings as the free agency market swings into full motion.  Ray Shero is quick to emphasize that he managed to keep the core in place, yet he lost his #1 post-season priority as Marian Hossa opted to take a 1-year deal with the Detroit Red Wings.  While managing to keep their defensive core, centers, and starting goaltender in place, the Penguins have lost the majority of their active wingers to the free agent market.  The following is a summary to date of the roster gains and losses since the end of the season, and the reported contract lengths/values. 

Roster losses:

• (LW) Ryan Malone – to Tampa Bay Lightning
  • Traded before free agency for 2009 3rd round draft pick
  • Signed 7-year, $31M+ deal
• (LW) Gary Roberts – Tampa Bay Lightning
  • Traded with Malone
  • Signed 1-year, $2M deal
• (RW) Marian Hossa – to Detroit Red Wings
  • Signed 1-year, $7.5M deal
• (G) Ty Conklin – to Detroit Red Wings
  • Signed 1-year, $750K deal
• (Lw) Jarkko Ruutu – to Ottawa Senators
  • Signed 3-year, $3.9M deal
• (RW) Georges Laraque – to Montreal Canadiens
  • Signed 3-year, $4.5M deal
• (RW) Adam Hall – to Tampa Bay Lightning
  • Signed 3-year, $1.8M deal

Roster Gains:

• (RW) Eric Godard – from Calgary Flames
  • 4th line enforcer
  • Signed 3-year, $2.25M deal
• (LW) Ruslan Fedotenko – from New York Islanders
  • Signed 1-year – $2.5M deal
• (RW) Miroslav Satan – from New York Islanders
  • Signed 1-year, $3.5M deal

Existing Roster Signings:

• (R) Pascal Dupuis
  • Signed 3-year, $4.2M deal
• (D) Marc Eaton
  • Signed 2-year, $4M deal
• (D) Brooks Orpik
  • Signed 6-year, $22.5M deal
• (C) Evgeni Malkin
  • Signed 5-year, $43.5M deal (starts in 2009)
• (G) Marc-Andre Fleury
  • Signed 7-year, $35M deal

Remaining Penguin Unrestricted Free Agents:

• (C) Kris Beech
• (LW) Jeff Taffe

So, in summary, the Penguins have signed their starting goaltender Marc-Andre Fleury who was a restricted free agent, as well as 3 of their 12 unrestricted free agents in Pacal Dupuis, Brooks Orpik and Marc Eaton.  They have lost 7 of their 12 unrestricted free agents to include Marian Hossa, Ryan Malone, Gary Roberts, Ty Conklin, Jarkko Ruutu, Georges Laraque and Adam Hall.  Unrestricted free agents Kris Beech and Jeff Taffe are still unsigned. 

The Penguins will need to add more depth on wing to round out their roster before training camp.  Satan and Fedetenko were good signings for the Penguins, but the Penguins could use one more big signing on wing to backfill the hole left by Malone, Hossa and Roberts, unless of course Shero expects to pull from their Wilkes-Barre/Scranton affiliate.  Perhaps the most interesting news has been that the Penguins have been talking to Jaromir Jagr about a potential return to Pittsburgh.  This certainly would have been a major development if it had panned out, however, reporting this morning indicates that Jagr has signed a letter of intent to play in Russia and leave the NHL behind.

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Penguins Limp Towards Free Agency

With just a few days to go before the July 1st opening of the free agency market, the Penguins have so far failed to complete any of their post-season priorities.  It was no secret that the Penguins wanted to lock up a long-term deal with Marian Hossa, re-sign Brooks Orpik, and tender a trade prior to the draft to acquire a first round pick.  To help with the challenges, the Penguins filed for salary arbitration with Marc-Andre Fleury to buy some time on his contract talks to focus on getting the other deals done.  So far, the Penguins have nothing to show for their efforts aside from some public rejections from the players involved. 

Ray Shero and his team spent much of their pre-draft time and effort drawing up a long term deal for Marian Hossa.  The offer tendered by the Penguins was rumored to be in the 7-year and $50M range.  With Hossa’s post-playoff comments that he would be willing to accept less money to play for a great team, it was widely believed that this was a signal of his intent to stay in Pittsburgh.  Last week, rumor had it that Hossa would sign a deal before last Saturday’s draft.  However, on draft day Hossa rejected the offer and informed Shero that he was going to test the free agency market, noting that the Penguins were still at the top of the list.  It seems an obvious negotiating tactic on behalf of Marian Hossa and his agent to let the free market pressure ensure that they get the best offer on the table before making a decision.  Ray Shero noted however that the offer may no longer be on the table after July 1st.  It seems a low risk proposition for a player that is sure to command matching or better offers outside of Pittsburgh.

During the Hossa negotiations, the Penguins were also shopping potential pre-draft trade deals to trade away the rights of pending free agents in return for a first or second round draft pick.  The most notable was a rumored deal with Columbus to move Ryan Malone for a 2nd round pick.  At the last minute, however, Ryan Malone stated his intent to test free agency and that he would not be talking to any teams prior to July 1st.  This slammed the door shut on the Penguins hopes to get something in return for the blossoming power forward.  It seemed a fitting gesture from the budding power forward and local hero after the Penguins’ management opted to not make Malone’s re-signing a priority for the team.   As a result, the Penguins were not able to better their position for the draft. 

The Penguins then put the focus on defenseman Brooks Orpik, with the intention of signing him before next week’s free agency deadline.  The Penguins tendered an undisclosed multi-year offer rumored to be in the $3M per year range,  Yestderday, Brooks Orpik and his agent turned down that offer.  Orpik didn’t indicate that he intended to test out free agency, leaving open the possibility that a new offer and deal could be struck before Tuesday. 

In other disheartening news, wiley veteran Gary Roberts has indicated through his agent that he is parting ways with the Penguins.  “He very much enjoyed his time there,” his agent said. “But he understands that Ray has a number of items on his agenda that would take priority.”  Roberts reportedly wants to continue his NHL career at least one more season.

In the only bit of good news from the last 2 weeeks, the NHL’s salary cap for next season was announced yesterday and it has grown by $6.4M over last season to $56.7M.  League commissioner Gary Bettman had previously expected a $3 million increase.  The higher cap gives team’s more bargaining ceiling should the team’s ownership be willing to foot the bill.  The Trib reports that the Penguins ownership is believed to be willing to spend up to the cap, even though it would likely mean operating at a loss for the next 2 seasons until the Penguins move into their new arena.  It will be interesting to see if this affects the on-going negotiations with Brooks Orpik and whether it creates an opportunity for revisiting the Hossa offer.  It could also affect the post-July 1st negotiations expected between the Penguins and Evgeni Malkin. 

On Tuesday, the free agency market will commence and the Penguins could find themselves having to re-wicker their priorities and objectives if they can’t land Marian Hossa and/or Brooks Orpik.  I am sure this is not the scenario that Ray Shero wanted to be in at this point, but realistically it is probably the scenario that he expected to be in.  You can’t blame a player for trying to maximize his earning potential.  All we can do as fans of the game is hope for the best and hope that the majority of this special group of players remain intact for another run at the cup in the coming season. 

Let’s Go Pens!

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Off-Season Contract Activities Heating Up

The Pittsburgh Penguins have a lot of work to do in the off-season to attempt to keep their core team together with the constraints of the salary cap as 12-players head to unrestricted free agency in a little over two weeks on July 1st.  This week, Ray Shero started to set the table by prioritizing the difficult task ahead of him. 

Shero made the first move on Friday by filing for salary arbitration for Marc-Andre Fleury with the National Hockey League.  The league-managed arbitration hearings take place July 20 to August 4.  This allows the Penguins to retain his rights past July 1st, when he would have become a restricted free agent, and grants them time continue to negotiate his contract.  Shero noted that filing for salary arbitration gives the Penguins the extra time to continue to negotiate a contract with Fleury.  “As a result of the filing, Penguins’ fans are assured that Marc-Andre will be under contract to our club for next season,” stated Shero.  “We remain committed to negotiating a contract with him in the near future.”

According to Rob Rossi of the Pittsburgh Tribune Review, various players, agents and team officials have indicated off the record that a long-term contract for Marian Hossa is the #1 priority being pursued by Penguins’ management.  Hossa’s value on the open market is expected to be above $8M per year, but he indicated at the end of the season that he was open to taking less salary for the opportunity to play on a good team.  The Penguins are reportedly looking at a long term deal worth less than the $8M+ that Hossa might be offered outside of Pittsburgh.  Rossi reports that the offer from Pittsburgh is likely to be worth nearly $50 million over seven years, which would be slightly more than his current $7M per year salary and less than he would likely command on the open market.  The Penguins will need a quick decision on Hossa, as the outcome will likely affect their ability to close on other unrestricted free agents, to include Ryan Malone and Brooks Orpik.  If the Penguins can ink a deal with Hossa, it is likely that they will only be able to retain one of the two.  Both Orpik and Malone have increased their market value over the last season, and it would appear that there won’t be enough room payroll for all three players (Hossa, Orpik and Malone) without serious concessions by the players. 

Evgeni Malkin made several encouraging comments for Penguins fans on Thursday night as he stated that he expects to sign a 5 or 6 year deal soon.  The Penguins cannot sign a deal with Malkin until after July 1st due to league collective bargaining rules.  Malkin stated that he would accept an annual salary less than the $8.7 million that Crosby will get over the next 5 seasons.  Malkin, a league MVP finalist, was named to the NHL All-Star First Team after a pehenomenal season in Pittsburgh this year.  “I’m an easy guy to deal with. I’d love to stay in Pittsburgh.”  It is encouraging to note that the players want to stay in Pittsburgh, and it is a testament to the potential of the team, the management, and the chemistry that exists amongst this unique group of talented hockey players.

 

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