{"id":625725,"date":"2026-05-05T23:17:10","date_gmt":"2026-05-05T23:17:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/625725\/"},"modified":"2026-05-05T23:17:10","modified_gmt":"2026-05-05T23:17:10","slug":"deciphering-evgeni-malkins-nhl-future-penguins-contract-new-team-or-retirement","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/625725\/","title":{"rendered":"Deciphering Evgeni Malkin\u2019s NHL future: Penguins contract, new team or retirement?"},"content":{"rendered":"<p>PITTSBURGH \u2014 The Pittsburgh Penguins provide so much theater that it regularly seeps into the summer.<\/p>\n<p>This offseason <a href=\"https:\/\/www.nytimes.com\/athletic\/7225515\/2026\/04\/30\/penguins-nhl-stanley-cup-playoffs-offseason-sidney-crosby\/\" rel=\"nofollow noopener\" target=\"_blank\">will be no different<\/a>.<\/p>\n<p>In 2022, Evgeni Malkin and Kris Letang\u2019s contract statuses dominated the news cycle. Both players, against then-general manager Ron Hextall\u2019s initial plans, were given long-term contracts.<\/p>\n<p>In 2023, the Penguins fired Hextall and hired Kyle Dubas, fresh off an exit from Toronto, as general manager and president of hockey operations.<\/p>\n<p>In 2024, the spotlight was on Sidney Crosby\u2019s contract extension, which was signed by summer\u2019s end.<\/p>\n<p>Last summer, it was Mike Sullivan\u2019s firing and Pittsburgh\u2019s coaching search that ended with Dan Muse\u2019s hiring.<\/p>\n<p>This offseason, Malkin is <a href=\"https:\/\/www.nytimes.com\/athletic\/7246658\/2026\/05\/01\/penguins-evgeni-malkin-nhl-contract-retirement\/\" rel=\"nofollow noopener\" target=\"_blank\">again in the spotlight<\/a>. The 39-year-old franchise icon is scheduled to become an unrestricted free agent on July 1. Here\u2019s what we know, the argument from all sides and a look at what might happen next.<\/p>\n<p>What we know\u00a0<\/p>\n<p>\u2022 Sources within Malkin\u2019s management team said that, as of Monday night, Dubas and Malkin\u2019s representatives have not spoken since the Penguins\u2019 season ended. Malkin\u2019s camp said it has opted to remain quiet while Dubas handles his end-of-season exit meetings and focuses on AHL Wilkes-Barre during its playoff series with Hershey.<\/p>\n<p>Malkin\u2019s team plans to reach out to Dubas sometime this week to try to set a date for an in-person meeting to discuss a potential new contract.<\/p>\n<p>\u2022 Dubas, to my knowledge, has not offered Malkin a contract for next season. The two sides met after the Olympics in February, but the Penguins didn\u2019t offer a contract. Malkin hoped for a deal back then, but talks never progressed far enough.<\/p>\n<p>\u2022 Last summer, multiple team sources said <a href=\"https:\/\/www.nytimes.com\/athletic\/6411170\/2025\/06\/16\/penguins-evgeni-malkin-retirement-nhl\/\" rel=\"nofollow noopener\" target=\"_blank\">Dubas had no intention<\/a> of bringing back Malkin after his contract expires.<\/p>\n<p>\u2022 Crosby, who has one year left on his contract, has publicly said he\u2019d like Malkin to return next season.<\/p>\n<p>\u2022 In March, Dubas spoke glowingly of Malkin\u2019s season but also said he has to do \u201cwhat\u2019s in the best interest of the Pittsburgh Penguins.\u201d<\/p>\n<p>\u2022 Malkin exceeded all expectations during the 2025-26 season.<\/p>\n<p>The pros of Malkin returning to the Penguins\u00a0<\/p>\n<p>\u2022 Malkin\u2019s 2025-26 season was impressive, as he produced 61 points in 56 games. His plus-13 rating was his best since 2018.<\/p>\n<p>\u2022 The Penguins reached the postseason for the first time in four years this spring, and Malkin played a big role.<\/p>\n<p>\u2022 Malkin\u2019s chemistry with budding star Egor Chinakhov \u2014 on and off the ice \u2014 is real.<\/p>\n<p>\u2022 Malkin\u2019s shift from center to wing for the first time in his life went seamlessly.<\/p>\n<p>\u2022 Sources close to Malkin say he isn\u2019t looking for a raise from the $6.1 million he earned last season.<\/p>\n<p>\u2022 Malkin\u2019s presence would help season-ticket sales, as he remains enormously popular among Penguins fans.<\/p>\n<p>\u2022 Crosby, with another contract negotiation looming, will be happy if Malkin returns.<\/p>\n<p>\u2022 If Malkin gets one last season in Pittsburgh, he\u2019ll receive a yearlong sendoff that fans crave.<\/p>\n<p>\u2022 As those who\u2019d like Malkin to return often note, he isn\u2019t blocking anyone else from getting an NHL roster spot.<\/p>\n<p>\u2022 Malkin remains a beloved teammate.<\/p>\n<p>The cons of Malkin returning to the Penguins<\/p>\n<p>\u2022 Malkin turns 40 in July and twice has undergone ACL surgery.<\/p>\n<p>\u2022 The Penguins want and need to get faster. They looked slow against the young Philadelphia Flyers, and Malkin makes the Penguins slower.<\/p>\n<p>\u2022 Malkin seemed to struggle, at times, with the pace of postseason hockey.<\/p>\n<p>\u2022 His scoring ability is in decline because his shot has lost velocity.<\/p>\n<p>\u2022 Malkin is not durable. He missed 232 games due to injury over the past 14 seasons \u2014 an average of 17 per season. For comparison, Crosby has missed only 88 games in that stretch.<\/p>\n<p>\u2022 The Penguins allowed the second-most shorthanded goals in the NHL this past season, and Malkin played a significant role in that.<\/p>\n<p>\u2022 Malkin might not be blocking anyone\u2019s spot in the organization, but he could be if Dubas wants to take a big swing on a trade this summer.<\/p>\n<p>\u2022 The Penguins\u2019 core is legendary, yes, but it also hasn\u2019t won a playoff series since 2018.<\/p>\n<p>\u2022 Malkin\u2019s five-game suspension in March showed, even as he nears 40, that his periodic lapses aren\u2019t going anywhere.<\/p>\n<p>\u2022 Given his superstar status and successful history, the coaching staff may have a hard time reducing his role, even if warranted.<\/p>\n<p>The finances<\/p>\n<p>Malkin earned $6.1 million last season. Over his entire career, he has made $151.6 million in 20 seasons with the Penguins.<\/p>\n<p>The Penguins now have around $45.8 million in cap space for the 2026-27 season. Other free agents they could potentially retain include:<\/p>\n<p>They are not expected to bring back UFA Kevin Hayes.<\/p>\n<p>Chinakhov and \u0160ilovs are almost certain to return. Shea has stated his desire to return, and the Penguins like him a great deal. Dubas is also likely to make a competitive offer for Dewar, who is only 26 and had an excellent season. Mantha, Clifton and Skinner seem unlikely to return, though none can be ruled out. Acciari, despite enjoying a good season, is unlikely to return.<\/p>\n<p>The statistics<\/p>\n<p>\u2022 Malkin has 1,407 points in his NHL career, good for 23rd-most in league history. He is 18 points away from passing Bryan Trottier, Adam Oates, Doug Gilmour and Dale Hawerchuk on the NHL\u2019s all-time list.<\/p>\n<p>\u2022 Malkin has averaged a point per game in 16 of his 20 NHL seasons, including 2025-26.<\/p>\n<p>\u2022 Malkin ranks 37th in NHL history with 533 goals. In franchise history, only Mario Lemieux (690) and Crosby (654) have scored more.<\/p>\n<p>Will Malkin sign with another NHL team?<\/p>\n<p>Malkin said last week at the Penguins\u2019 locker-room cleanout day that he is willing to play <a href=\"https:\/\/www.nytimes.com\/athletic\/7246658\/2026\/05\/01\/penguins-evgeni-malkin-nhl-contract-retirement\/\" rel=\"nofollow noopener\" target=\"_blank\">for another NHL team<\/a>.<\/p>\n<p>Though he\u2019s always maintained that playing in Pittsburgh is his preference, Malkin said he would play for another team before retiring or playing in the KHL.<\/p>\n<p>We don\u2019t know which team he would play for, and there would have to be mutual interest. Malkin owns a home in South Florida and has a good relationship with Florida Panthers coach Paul Maurice, who coached Malkin in Magnitogorsk, Russia, during the NHL\u2019s 2012-13 lockout.<\/p>\n<p>One of Malkin\u2019s closest friends, Sergei Gonchar, lives in the Dallas area.<\/p>\n<p>Given the season Malkin just had, and the league\u2019s rising salary cap, plenty of interested teams in win-now mode would likely line up for Malkin\u2019s services.<\/p>\n<p>The bottom line<\/p>\n<p>For all the scrutiny this decision will receive, Dubas is OK no matter what he does, so long as he\u2019s true to himself.<\/p>\n<p>If Dubas brings back Malkin, fans and the locker room alike will be delighted. He can still play, and even if he doesn\u2019t perform at last season\u2019s level \u2014 given his age, he probably won\u2019t \u2014 it\u2019s not like he\u2019s going to embarrass himself. Malkin also figures to sign at a team-friendly rate if he gets a contract. The Penguins won\u2019t find someone with his talent on the market for this low of a price.<\/p>\n<p>The Penguins\u2019 new owners, the Hoffmann family, certainly would be in favor of a box-office attraction returning for another season. So, on many levels, bringing him back seems logical.<\/p>\n<p>However, keep this in mind: Only Dubas truly knows the intricacies of his long-term plan.<\/p>\n<p>We know Dubas wants the Penguins to get younger and faster \u2014 two things that Malkin doesn\u2019t provide. Several big, expensive names could be available on the trade block this summer and could be of interest to Dubas. Given his momentum over the past 18 months, Dubas has earned the right to build the Penguins in his vision, even if it doesn\u2019t include Malkin. I suspect it does not. The Penguins have been an organization of stars since 1984, and right now, Dubas is one of its brightest stars. That trumps Malkin\u2019s star power at this point in his career.<\/p>\n<p>If the Penguins give Malkin a one-year deal, this situation could easily repeat itself next year, which is to say, Dubas is likely to be villainized at some point. Dubas should not concern himself with nostalgia. He can leave that to the fans. His job is to build a sustained championship contender. If he believes Malkin can help in that pursuit, he should sign him. If he doesn\u2019t, it\u2019s time to say goodbye.<\/p>\n<p>It\u2019s worth emphasizing that this isn\u2019t a normal case. Malkin isn\u2019t another Hall of Famer. Very few, if any, Pittsburgh athletes have made such a strong connection with local fans. Crosby is beloved, sure, but he\u2019s not as emotional on the ice as Malkin. Lemieux was a magician; we knew we were witnessing a once-in-a-lifetime athlete, but so much of his life was closed off.<\/p>\n<p>Malkin is an artist in the most traditional of ways: He makes you feel. Whether you\u2019re in awe, frustrated or right there with him when he cross-checks someone, he conjures strong emotions. So, if this is the end, it will hurt a little bit more. The guy from Russia who speaks limited English is one of us. He\u2019s a Pittsburgher to the core.<\/p>\n<p>There is nothing wrong with Malkin returning. He earned it with his performance. But signing him is only sensible if it\u2019s part of Dubas\u2019 bigger plan, which sure seems to be working. As much as Malkin earned his right to return, Dubas earned his right to make the decision he feels is best, even if it\u2019s painful or uncomfortable.<\/p>\n","protected":false},"excerpt":{"rendered":"PITTSBURGH \u2014 The Pittsburgh Penguins provide so much theater that it regularly seeps into the summer. This offseason&hellip;\n","protected":false},"author":2,"featured_media":625726,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[66],"tags":[385,1790,99],"class_list":["post-625725","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nhl","tag-nhl","tag-pittsburgh-penguins","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/625725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=625725"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/625725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/625726"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=625725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=625725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=625725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}