BOSTON -- Pittsburgh Penguins general manager Ray Shero is working on a contract extension with defenseman Kris Letang and hopes to have an agreement in principle in place by the NHL Draft on June 30 in Newark, N.J.
SOG: 95 | +/-: 16
Letang has one year remaining on his contract with a salary-cap value of $3.5 million. He was a finalist for the Norris Trophy this season after putting up 38 points in 35 games.
"I think there are certain pressure points in terms of getting a deal done and [the draft] is one of them," Shero said Wednesday after the NHL general managers met prior to Game 4 of the Stanley Cup Final. "Ideally I'd like to have some sort of deal done by next week so I know what I'm doing and so I know things that might come our way, what we have. We'll see what happens with Kris in the next week. I think we'll have a much better idea of where we stand and what he's thinking."
Shero recently had a breakfast meeting with Letang's agent, Kent Hughes.
"I don't think I need five days of meetings to find out what the market value is for the player," Shero said. "I think I have a pretty decent understanding of what the market can be."
Shero said his focus is solely on negotiating a new contract for Letang.