Will finances break up Malone, Penguins?

Rob Rossi of the Pittsburgh Tribune Review suggests that Pittsburgh Penguins pending unrestricted free agent forward Ryan Malone will hit the open market come July 1st.

While Penguins GM Ray Shero has reportedly offered Malone a contract, he is not willing to pay him much more than the $1.45 million Malone is making this season.

Rossi believes that the 28-year-old could get upwards of $3.5 million per season on a three-year deal in the off-season, pricing himself right out of Pittsburgh. The Penguins simply cannot afford to retain Malone at such a salary, even if the cap is supposed to increase by as much as $4 million.

The Penguins are already committed to a number of high-priced players on their roster, including forward Sidney Crosby ($8.7 million salary cap hit), defenseman Sergei Gonchar ($5 million), and defenseman Ryan Whitney ($4 million).

The club also has a number of key restricted free agent forwards they would like to re-sign long-term, namely forwards Evgeni Malkin and Jordan Staal, and goalie Marc-Andre Fleury. Malkin and Staal could command a combined salary cap hit of $11 million (beginning in 2009-10), while Fleury might cost an average of $3 million.

Secondary players such as defensemen Brooks Orpik and Mark Eaton, and forwards Pascal Dupuis, Jarkko Ruutu, Georges Laraque, and Gary Roberts will also need to be re-signed, or replaced.

The could be a total cap hit of $38.7 million for 13 players.

Of course, the Penguins may also want to bring back pending UFA forward Marian Hossa, which could cost them around $7 million per season. That’s $45.7 million for 14 players.

Adding Malone and his potential $3.5 million cap hit would bring the total figure to $49.2 million for 15 players. Shero isn’t expected to burden his club with those kind of salary cap troubles.

So, unless Malone decided to give the Penguins a hometown discount, it’s more than likely he’ll sign elsewhere in the summer.