Report: Crosby nearing new deal with Penguins

The Pittsburgh Penguins and captain Sidney Crosby are closing in on a contract extension, sources told The Athletic's Rob Rossi.

The deal's terms aren't known. Crosby has one season remaining on his existing contract, which has paid him $8.7 million annually since 2013-14.

Penguins general manager Kyle Dubas said earlier this offseason that he owes it to Crosby to keep negotiations as "quiet as possible."

Crosby, who turns 37 in August, just finished his 19th campaign with Pittsburgh since being drafted first overall in 2005. He led the Penguins with 94 points in 82 games in 2023-24 and moved into 10th spot on the NHL's all-time scoring list.

However, Pittsburgh fell short of qualifying for the playoffs for the second consecutive season, prompting speculation that Crosby may want to end his Hall of Fame career on a more competitive team.

The Penguins weren't overly active in free agency earlier in July and have approximately $3.5 million in cap space to seek improvements, according to Cap Friendly.

Without factoring in Crosby's new cap hit, Pittsburgh projects to have over $30 million in cap space in 2025-26 but only has 11 players signed.