The Pittsburgh Penguins have re-signed franchise cornerstone Evgeni Malkin to a one-year contract carrying a $5.5 million cap hit through the 2026-27 season, the team announced Tuesday, ensuring the veteran forward will spend his entire NHL career in Pittsburgh.
The deal includes a $3 million signing bonus and $2.5 million in base salary, with performance bonuses that could push the total value to $9 million. Incentives include $500,000 for a games-played threshold, $1 million for a playoff berth, and $500,000 per postseason round won. The contract also carries a full no-movement clause.
Malkin's return follows a strong bounce-back campaign in which he recorded 19 goals and 61 points in 56 games while shifting from center to right wing. The resurgence reversed the position of general manager Kyle Dubas, who had previously shown no interest in retaining Malkin entering last season.
The 2026-27 campaign will mark Malkin's 21st season with Pittsburgh, trailing only Sidney Crosby's 22 years with the franchise. Malkin, who turns 40 on July 31, developed notable chemistry with 25-year-old Russian forward Egor Chinakhov and helped guide Pittsburgh back to the playoffs for the first time since 2022.
Crosby had openly pushed for Malkin's return throughout the offseason.
"I think everybody knows how I feel about Geno," said Crosby.
Teammate Jordan Staal echoed that sentiment.
"You never know the way the game is going to work out and you never forget that it's a business," said Staal. "But, to be honest with you, I can't really imagine Geno not being a member of the Penguins. It just wouldn't feel right."
Malkin ranks among the club's elite all-time players alongside Mario Lemieux, Jaromir Jagr, and Crosby. Across 20 NHL seasons, he has accumulated 533 goals and 1,407 points, three Stanley Cup championships, and the 2009 Conn Smythe Trophy.