Frank Seravalli of the Daily Faceoff reported today that Letang is seeking upwards of $7M over a five year term. That would sign Letang to a sizeable cap hit until he is 40 years old and would soon become an anchor of a contract. In response to Letang's asking price, the Pens have offered to overpay on a shorter term contract.
General Manager Brian Burke spoke earlier this week, and reiterated his desire to re-sign both Letang and Malkin, while recognizing the challenges of doing so. In conversation with Josh Yohe of the Athletic, Burke answered how probable signing both players is.
Previously, Burke has noted the uncertain salary situation and lack of non-roster assets in Pittsburgh may affect their ability to make trades at the deadline. If anything, the Penguins will look to add a middle six forward or top six defenceman for depth going into the playoffs. Beyond that, Brian Burke and Penguins fans are hoping Letang and Malkin will return as Penguins for next season.