Saturday, when free agency opened up, they put pen to paper with 10 players, most notably re-signing restricted free agent Justin Schultz to a new 3-year, $16.5 million deal and then adding pool worthy players like goaltender Antti Niemi to a 1-year, $700,000 deal and defenseman Matt Hunwick to a 3-year, $6.75 million deal.
Schultz was definitely the biggest prize to get done and the team did so with not giving away too much to do so. The soon-to-be 27-year old really took control of the Penguins blueline during the playoff run, when injuries took hold of their roster and he performed admirably in doing so, earning the extra contract extension and raise. In the regular season, Schultz finished 7th among all defensemen in scoring with 51 points in 78 games and he'll be a big fixture on this team for years to come.
It's still unclear on how the Penguins are going to proceed with Niemi, unless they are not very confident that Tristan Jarry will be able to fulfill the duties of the back-up properly. Niemi won 12 games for Dallas last season, before getting bought of a goaltending logjam, but his role in Pittsburgh will certainly be a lot less than before and he may fall right out of the pool rankings.
Hunwick had a pretty good year in Toronto in 2017, finishing with 19 points in 72 games with the Maple Leafs, but he may not have liked how much ice-time he was getting or how quickly he may have been dropping in their depth charts either. With the Penguins, he's a top four guy today and with the general health concerns of Kris Letang, the Penguins do get a little extra insurance with Hunwick's ability.
| Forwards | Cap | Defense | Cap | Goalies | Cap |
| Evgeni Malkin | 9.500 | Kris Letang | 7.250 | Matt Murray | 3.750 |
| Sidney Crosby | 8.700 | Justin Schultz | 5.500 | Tristan Jarry | 0.631 |
| Phil Kessel | 6.800 | Olli Maatta | 4.083 | ||
| Patric Hornqvist | 4.250 | Matt Hunwick | 2.250 | ||
| Carl Hagelin | 4.000 | Ian Cole | 2.100 | ||
| Ryan Reaves | 1.125 | Chad Ruhwedel | 0.650 | ||
| Jake Guentzel | 0.734 | Frank Corrado | 0.650 | ||
| Dominik Simon | 0.693 | ||||
| Daniel Sprong | 0.693 | ||||
| Bryan Rust | 0.640 | ||||
| Scott Wilson | 0.625 | ||||
| Tom Kuhnhackl | 0.625 | ||||
| Carter Rowney | 0.613 |
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