Penguins Sign Crosby to Five-Year Extension

from Dave Molinari at the Pittsburgh Post-Gazette

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.

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.

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