Penguins sign The Kid for 5 years.

Confirmed from Pittsburgh in both the Tribune-Review and the Post-Gazette, Sidney Crosby has signed a 5-year extension deal with the Pittsburgh Penguins.

The deal is worth $45 million USD, which breaks down to $9M cap hit for 5 years, but does not come into effect until the expiration of his present contract at the end of this season. The extension pushes back Crosby’s time line, if he eventually wishes to become an unrestricted free-agent, by one year. Sidney is now eligible for UFA after the 2012/13 season is over.

Click HERE for the Tribune-Review article (the Post-Gazette article is just a short confirmation).