After losing Marian Hossa to Detroit, the Pittsburgh Penguins signed Evgeni Malkin to a five year extension, a five year deal for $8.7 million a year, according to TSN.  The contract is similar to Sidney Crosby's deal.

The Penguins lost out on Hossa to free agency, but retained the better player.  Hossa is a 30 year old star winger, while Malkin is a 22 year old superstar center.  Malkin was set to become a restricted free agent next year, and locking him up now gives the Penguins an idea of their finances for the next few years.  Crosby and Malkin both gave the