Examining two different Evgeni Malkin takes

Whatever decision that Kyle Dubas and the Penguins make about the status of Evgeni Malkin could be the most important or telling one of the whole offseason. Bring back the 40-year old player and that sets a pretty clear course to try and make the 2026-27 season look a lot like this past year where a scrappy underdog team will be led by legends and try to see how far they can go. If the team decides against bringing Malkin back, that could signal a change in direction and possibly more of a rebuild mode to get younger and focus on the longer-term.

Two recent takes caught our eye; a case for why the Penguins should move on by Noah Hiles at the PG and the opposite side of the coin by Joe Starkey at the Trib. Let’s see who makes a better case.

The fact that he is no longer vintage Malkin hardly makes him a liability. He’s also one of the best bargains in the NHL. His cap hit of $6.1 million ranked a laughable 169th among all players and 98th among forwards, according to spotrac.com.

To review:

Cap hit among forwards: 98th

Points per game among all players: 22nd.

The Penguins have had plenty of stars. Malkin is a franchise legend — one of the four greatest Penguins of all-time (third on my list, behind Mario Lemieux and Crosby ). His number will surely be retired. He is beloved inside and outside of the locker room. He can still play. He won’t break the bank.

And quite conveniently, he just put a definitive timeline on how long he wants to play. In speaking with reporters at locker-cleanout day Friday, Malkin said, “I want to play one more year in the NHL.”

There you have it. One more year. Surely, you don’t want to see him spend that year in a Washington Capitals jersey (or worse), do you?

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Meanwhile, so much of his career has been spent in Crosby’s shadow, which has been largely a blessing because it took the focus off Malkin. Next year, however, much of the focus should be on Malkin. And it should mean something, too, that Crosby wants him back.

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What’s the worst that can happen? Malkin underperforms? His one-year cap hit of $6 million or so won’t exactly bankrupt the franchise. It’ll be OK.

Hopefully, Dubas does the right thing here. If not, the Hoffman family should, assuming the sale goes through.

The great Evgeni Malkin deserves a farewell tour.

Most arguments for Malkin return can center around either sentimentality or the practical nature that he had a very strong season last year. It makes a lot of sense, the Pens almost surely can get Malkin for relatively cheap next year. It would be difficult to find a 50+ point player for a one-year commitment at like $4-6 million dollars. (Pittsburgh did find one such player in Anthony Mantha , but that kind of output is much more the exception than the rule for that class of player).

Starkey lays out a good case. Players who have given 20 years, 1400+ points, two scoring titles, an MVP and three Stanley Cups to a franchise deserve to be treated with respect and deference. If that player wants to play for one more year, maybe they should get that, right?

Not so according to the other take.

It’s not unreasonable to believe he can replicate similar production next year. If the Penguins are able to retain Malkin while also adding another younger, more dynamic scorer, perhaps keeping him makes sense. His veteran prowess provides value, and he seems open toward embracing a lesser role.

But even still, it’s worth wondering if the money required to bring Malkin back couldn’t be better spent elsewhere.

Should Dubas want to drastically revamp the roster, this offseason is the time for that to happen

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The Penguins would be better off letting the 2025-26 season be Malkin’s last in Pittsburgh. As someone who grew up in the area, who fell in love with sports when Malkin was in the thick of his prime, I’m well aware that this opinion will rub some the wrong way.

I understand the connection he holds with the fans. I myself still get goosebumps when hearing the crowd’s roar as he, the last player out of the room, makes his way to the ice just before the national anthem. He’s provided countless happy memories for Penguins fans, and it’s not wrong to hope for more.

However, when it comes to Malkin’s departure, it would be better to be a year early than a year late. The Penguins are already stuck with one franchise hero that’s well past his prime. Kris Letang has become more of a liability than an asset. It’s only a matter of time before Malkin’s game also plummets to that level, and the Penguins can’t afford to have two roster spots filled due to nostalgia.

The problems with this take are two-fold. For starters, the Penguins enter the offseason with about $45 million in cap space. Resigning Malkin won’t or shouldn’t hinder the Pens from revamping the roster as much as they are able to do so. The team had between $11-13 million cap space in 2025-26, they’re very likely to have at least that much room for 2026-27 as well. Whether or not they keep or part ways with Malkin, the financial aspect carries minimum significance.

The other issue is one of projection that Malkin’s game will ‘plummet’. 2026-27 might not be a ‘year too late’ it could potentially be right on time for a final campaign. Malkin was the team’s fifth leading scorer, and tied with Sidney Crosby for first in points per game. Those numbers would likely decline somewhat next season, though it’s an unsupported leap to project disaster.

Anyone is allowed a preference and an opinion, though it’s only the stance of Dubas that counts. It remains to be seen which path he will take. At breakdown day Malkin didn’t appear very confident he would be back next season, which indicates that Dubas hasn’t become particularly serious yet in reaching out to take care of the contract. On the whole, Dubas surely wants to get younger and steer the Penguins into their next era. However, 12 months ago it was looking like young players such as Rutger McGroarty and Ville Koivunen would be ready for featured roles in the NHL in 2026-27. That no longer appears to be the case, the Pens got a big surprise from Ben Kindel ’s emergence but they don’t really have a major youth movement impending on the NHL horizon.