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Penguins, Evgeni Malkin Set for Post-Break Talks on One-Year Extension

A one-year pact is in play, shaped by Malkin’s production with substantial Pittsburgh cap space.

Image
Feb 5, 2026; Buffalo, New York, USA; Pittsburgh Penguins center Evgeni Malkin (71) waits for the face-off against the Buffalo Sabres at KeyBank Center. Mandatory Credit: Timothy T. Ludwig-Imagn Images

Overview

  • Talks between Kyle Dubas and agent J.P. Barry had not occurred as of Thursday but are expected before the Olympic break ends, according to The Fourth Period’s David Pagnotta.
  • Malkin is open to a one-year deal to remain in Pittsburgh, with prior reporting indicating willingness to take a pay cut to stay.
  • The 39-year-old is in the final season of a four-year contract at a $6.1 million AAV and is set to reach unrestricted free agency this summer.
  • Malkin has 44 points in 41 games after a shift to wing this season and missed about a month in December with a shoulder injury.
  • PuckPedia projects nearly $53 million in Penguins cap space next season, and a new deal would keep him alongside Sidney Crosby and Kris Letang for a potential 21st season together when play resumes Feb. 26 vs. the Devils.