Kris Letang Officially Agrees to an Eight-Year Extension with the Pittsburgh Penguins

Via the Pens:

The Pittsburgh Penguins have agreed to terms with defenseman Kris Letang on an eight-year, $58 million contract extension, it was announced today by executive vice president and general manager Ray Shero.

The deal begins with the 2014-15 season and runs through the 2021-22 campaign, and has an average annual value of $7.25 million.

According to Dave Molinari: "Letang's contract allows him to stipulate 12 team before each season to which he CANNOT be traded."

According to Rob Rossi, negotiations between the Penguins and Pascal Dupuis continue.