Penguins sign Crosby to five-year extension

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(Published 9:09 a.m., updated 1:15 p.m.)

The Penguins have signed center Sidney Crosby to a five-year contract extension. The deal is worth $43.5 million, an annual salary-cap hit of $8.7 million.

It will take effect in the 2008-09 season.

"Sidney has proven himself to be a dynamic player and team leader at a very young age, and it is exciting news for our franchise and our fans to have him under contract for the next six seasons, through 2013," said Ray Shero, the Penguins executive vice president and general manager.

"When you've got a guy who leads the league in scoring and wins the MVP award at the age of 19, you know have someone very special. But Sid also is a tremendous asset for this organization as a leader in the dressing room, and as the face of our franchise in the community. And the fact that he wants to be here long-term is a great statement about the city of Pittsburgh and our organization," Shero said.

The contract breaks down this way:

2008-09 -- $4 million salary plus $5 million signing bonus.

2009-10 -- $9 million.

2010-22 -- $9 million.

$2011-12 -- $9 million.

2012-13 -- $7.5 million.

Crosby is the youngest player in NHL history to record 100 and 200 career points. He was named captain of the Penguins on May 31, making him the youngest team captain in league history.

"I want to be here for a long time," Crosby said. "Individual honors and scoring championships are great, but my No. 1 goal is to win the Stanley Cup. I'd love to be a part of bringing the Cup back here to Pittsburgh."

More details in tomorrow's Pittsburgh Post-Gazette.


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