The Pittsburgh Penguins have reportedly agreed to an eight year contract with Kris Letang worth an average annual cap hit of $7.25 million.

Penguins re-sign Kris Letang to an eight-year deal.

Penguins re-sign Kris Letang to an eight-year deal.

 SPECTOR’S NOTE: As one scribe put it, the Penguins and Letang have essentially agreed to split the difference, as the Pens had originally offered $7 million, while Letang was seeking $7.5 million. That means the Penguins, starting in 2014-15, have eight players under contract for $45.2 million, which likely means the end of Pascal Dupuis with the Penguins.

This contract will also affect Montreal’s PK Subban, the 2013 Norris Winner, who’ll be eligible for RFA status next summer. Assuming the salary cap for ’14-15 increases back up to $70 million, the Penguins will have a little over $25 million to fill out the remainder of their roster.

Time will tell if Letang will be worth this contract over the long term. He’s rated among the league’s best blueliners, and is certainly among the elite puck-carrying defensemen, but there are concerns over his defensive game plus he has an injury history.