Kovalev Close to Re-signing with the Penguins

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TSN Staff reports:The Pittsburgh Tribune-Review reports both sides have agreed on money terms, approximately $7-million a season, and that the remaining hurdle is length of the deal. The Penguins have offered three years while Kovalev is believed to be seeking a five year term.

“We’ve had more discussions, but we haven’t resolved anything yet,” general manager Craig Patrick tells the newspaper. “We’re going to continue to talk.”

Patrick says if the two sides do not reach agreement on a new deal before the Penguins first game October 10, then negotiations will cease until the end of the season.

Kovalev, who rejected the Penguins initial offer of five years reportedly worth as much as $30-million, is in the final year of a contract which will pay him $4.6-million.