Penguins Nation

The Pittsburgh Penguins are up for sale and reportedly have a massive asking price for prospective buyers. Continue for updates. Forbes Staff Member Examines Report Stating Penguins Owners Want $750 Million to Sell Team Saturday, Sept. 5 TSN's Rick Westhead reported on Sept. 2 that the Penguins may have difficulty finding a suitor to sell to for $750 million because of the uncertainty over the Canadian dollar. "While there have been reports in recent days that owners Mario Lemieux and Ron Burkle want $750 million for the NHL team, those reports are wrong, written by folks who know nothing about how team sale prices are calculated," Mike ...

After signing forward Eric Fehr, the Pittsburgh Penguins continued to reshape their roster Tuesday by trading forward Brandon Sutter and a conditional 2016 third-round pick to the Vancouver Canucks in exchange for forward Nick Bonino, defenseman Adam Clendening and a 2016 second-round pick. The deal was officially announced on NHL.com.  "The analytics are very strong on both Nick Bonino and Eric Fehr in all the aspects of what we look for in analytics," Penguins GM Jim Rutherford said, Fehr is comfortable as a two position player. He could definitely jump up to the top-6 if the situation presented itself. Bonino’s strongest position is center. ...

The possibility of the Pittsburgh Penguins franchise being sold by owners Mario Lemieux and Ron Burkle hasn't been in the news long, but with an offer looming, the Pens could change hands in the near future.   Continue for updates. Anonymous Bid for Penguins Expected Within Next Week Tuesday, July 14 According to Patty Tascarella of the Pittsburgh Business Times, an unnamed group of investors is expected to submit a bid for the Penguins organization within the next week, and the team could sell for anywhere from $700 million to $850 million. Lemieux and Burkle bought the team in 1999, saved it from bankruptcy and prevented ...

In a strong response to a rule change for the 2015-16 NHL season, the Pittsburgh Penguins put themselves in a position to dominate the league during the new three-on-three overtime sessions on Wednesday. That’s easily the best thing about the blockbuster trade pulled off by Penguins general manager Jim Rutherford that landed electric winger Phil Kessel in a six-player, three-pick exchange with the Toronto Maple Leafs. According to NHL.com, the Leafs retained $1.25 million of Kessel’s $8 million cap hit over the next seven years. Sabotaged in recent years by a lack of depth scoring, the Penguins somehow found a way to make their ...

The Pittsburgh Penguins disappointed in 2014-15 with a first-round exit at the hands of the New York Rangers. With so much high-end talent like Evgeni Malkin and Sidney Crosby on the roster, expectations are surely high heading into the 2015 season.Who should the Penguins target to flank Crosby on the wing? Which free agents should they keep?Watch as Stephen Nelson and Bleacher Report NHL Lead Writer Dave Lozo help build the Penguins' roster in the video above. Read more Pittsburgh Penguins news on BleacherReport.com

The Pittsburgh Penguins have continually fizzled out of the playoffs since winning a Stanley Cup in 2009, and the team is in a bit of a rut. The roster isn't particularly strong, as evidenced by the team's decline this past season, and the Pens need to address some issues going forward. The problem the Penguins face is a lack of immediate picks and players to fill out the rest of the roster. Pittsburgh is going to have to get creative if it wants to fix a majority of its problems at the draft, and it may cause the club to make ...

The Pittsburgh Penguins fizzled out in the first round of the playoffs this season and head into the draft with some uncertainty. The team has several holes, a scant number of draft choices and no direction. Bob McKenzie of TSN broke news in early June that Mario Lemieux and Ron Burkle hired Morgan Stanley to explore "selling some or all" of the Penguins. Although no sale is imminent, it is never a good sign when the owners are looking to shake things up. It isn't surprising given the Penguins' inability to do anything in the playoffs since winning a Stanley Cup in 2009, ...

Having endured a tumultuous offseason last year, which included the firing of their general manager and head coach, as well as a major roster shakeup, the Pittsburgh Penguins seemed set for a relatively quite summer. However, after suffering yet another early-round exit from the playoffs and with rumors swirling about Evgeni Malkin's possible desire for a trade, per Sportsnet 960 (h/t Hockey Feed), the next few months promise to be anything but quiet for the Pens as they try to take the next step toward winning the Stanley Cup. With the NHL draft and the start of free agency just around the corner and a lot of looming questions surrounding the ...

It's a dark time for the Pittsburgh Penguins. The 2014-15 season started with hope. A new general manager and head coach were installed. Trades and free-agent signings were made. Change was the order of the day, all of it aimed at improving the team around superstar centres Sidney Crosby and Evgeni Malkin. It didn't work. Injuries were undoubtedly a factor—a bigger one than many critics this summer are likely to admit—but the bottom line is that the Penguins entered the season with Stanley Cup aspirations but instead were quickly dispatched in the first round of the playoffs. What happens next? Read on for ...

The Pittsburgh Penguins are done for 2014-15. They were eliminated from the first round of the playoffs by the New York Rangers, who won 2-1 in overtime Friday night to finish off the series 4-1. No question about it, Pittsburgh underachieved this season. Feeling the organization had gone stale after winning the Stanley Cup in 2009, owners Mario Lemieux and Ron Burkle dismissed coach Dan Bylsma and general manager Ray Shero last offseason, replacing them with Mike Johnston and Jim Rutherford, respectively. Rutherford was a terrible hire, and that is ultimately on Lemieux and Burkle. Rutherford seemed to have no idea how to manage ...