The Pittsburgh Penguins signed forward Evgeni Malkin to a one-year contract extension with an average annual value of $5.5 million, the team announced Tuesday.
Malkin's extension also includes $500,000 in bonuses for games played, $1 million if Pittsburgh makes the playoffs, and $500,000 for each round the team wins, sources told TSN's Chris Johnston.
Next season will be Malkin's 21st campaign with the Penguins.
The 39-year-old tallied 19 goals and 61 points in 56 games this past season. The three-time Stanley Cup champion has spent his entire career in Pittsburgh and ranks in the top three in franchise history in games played, goals, assists, and points.
“Penguins forever.”
— Pittsburgh Penguins (@penguins) May 26, 2026
Welcome back, Geno 🤩 pic.twitter.com/gjfgXDYc1S
Malkin was set to become an unrestricted free agent July 1. He carried a $6.1-million cap hit last season.
Sidney Crosby said in April that he hoped the Penguins would bring back Malkin. The Russian was apparently frustrated in February by a lack of contract talks, though general manager Kyle Dubas affirmed in May that he "would love" to have Malkin return.
Pittsburgh ended a three-year playoff drought this season but was ousted by the Philadelphia Flyers in the first round.
