The Pittsburgh Penguins and their captain, Sidney Crosby, are reportedly close to finalizing a contract extension, according to sources cited by The Athletic’s Rob Rossi.
The specifics of the new deal remain undisclosed. Crosby’s current contract, which has paid him $8.7 million annually since the 2013-14 season, has one year left.
Penguins general manager Kyle Dubas mentioned earlier this offseason that he aims to keep the negotiations as “quiet as possible.”
Crosby, who will turn 37 in August, recently completed his 19th season with the Penguins, having been drafted first overall in 2005. He led the team with 94 points over 82 games in the 2023-24 season and moved up to 10th place on the NHL’s all-time scoring list.
Despite Crosby’s impressive performance, Pittsburgh missed the playoffs for the second straight year, sparking speculation that he might consider ending his Hall of Fame career with a more competitive team.
The Penguins have not been particularly active in free agency this July and currently have around $3.5 million in cap space available for potential roster improvements, according to Cap Friendly.
Looking ahead to the 2025-26 season, and without considering Crosby’s new cap hit, Pittsburgh is projected to have over $30 million in cap space but only has 11 players under contract.