Twitter is exploding at this hour with reports that the Penguins and Kris Letang are finalizing an extension.
Kris Letang contract with Penguins. 8 years / 58 M (#58!) 7.25 AVV Limited no trade to 15 teams. #RDSThat $7.25M cap hit is higher than we're comfortable with, but not significantly so. The primary sticking point is the no-trade clause. No one -- not us, not you, not Ray Shero, not any of the pundits who will tell you what they think of the numbers -- has any idea what this deal will look like two years from now. Letang may be a steal at $7.25M or an absolute albatross. The key is whether the Penguins can move him. And if there really is a 15 team NTC in the agreement, they'll have that option.
— Renaud Lavoie (@RenLavoieRDS) June 30, 2013
|Totally understand if you have mixed feelings.|
In other news, Pascal Dupuis is about to walk. As predicted.