May 19, 2013; Ottawa, ON, CAN; Pittsburgh Penguins defenseman Kris Letang (58) controls the puck in the second period in game three of the second round of the 2013 Stanley Cup playoffs against the Ottawa Senators at Scotiabank Place. Mandatory Credit: Marc DesRosiers-USA TODAY Sports

Kris Letang Rejects Pittsburgh Penguin 8-Year, $54 Million Offer

The Pittsburgh Penguins have been handing out contract extensions to a number of their key players since being eliminated from the Stanley Cup Playoffs, but one player doesn’t appear too pleased with his offer. Defenseman Kris Letang has reportedly turned down an offer from the Penguins that was eight-years, $54 million.

Letang’s camp came back with a counter offer that the Penguins respectfully declined.

It is clear that the two sides have plenty of work to do in the contract discussions if they want to find a middle ground, but if an extension is not agreed upon a trade could be possible. If Pittsburgh decides it is best to trade Letang in his contract year, look for the Toronto Maple Leafs to be the favorite to land the standout defenseman — though his agent has denied those rumors.

Penguins fans won’t be happy if Letang walks, but it is the harsh reality of the business side of the sport.

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