Wednesday, January 19, 2011

Letestu Gets Extended

The Pittsburgh Penguins have calmed the nerves of some of their fans by re-signing rookie forward Mark Letestu to a new 2-year contract extension, reported to have a cap hit of $625,000 per season, a $1.25 million deal.

Letestu has been impressing most people around Pittsburgh with his play and his production, seeing time with some of the team's bigger stars on the top two lines.  In 47 games with the Penguins, he has 9 goals and 10 assists, ranking him 253rd in pool rankings and sits just on the outside of the top 20 forwards available for the second waiver draft, which goes in a couple of weeks.

Salary CapAssuming that Letestu becomes a Penguins regular in the line-up in the 2012 season, where his contract extension begins, the Penguins now have 14 regular players signed on for that season at an annual cap rate of $51.8 million.  Of course, their core players are signed on and ready to go, so it will be clever depth signings, much like Letestu's, which will go a long way into building this team for another playoff run.

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