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Terms Released: $1.8 million Per Year

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Pens Universe, a reputable Penguins blog with contacts to Cooke and his charity initiative, was one of the first to announce the signing and now has terms.

Cooke’s new three-year contract will average $1.8 million per season, and he also has a no trade clause.

This will be a $600,000 raise against the Penguins’ salary cap, as Cooke’s last deal was worth $1.2 million. For the team, this is very managable. It’s expected that if veteran forward Bill Guerin will return, he’ll take a pay cut off of his previous $2 million salary. If Guerin does not return, it’s expected a young player, like Eric Tangradi, Dustin Jeffrey or Nick Johnson, on a cheap, entry-level type of deal may take Guerin's place in the lineup, which would essentially absorb the increase in salary given to Cooke.

Photographs by dizfunk used in background montage under Creative Commons. Thank you.