Penguins Sign Valtteri Puustinen To Two-Year Extension

The Penguins have signed winger Valtteri Puustinen to a two-year contract extension, general manager Kyle Dubas announced Friday. It’s a one-way deal carrying the league minimum base salary of $775K each season, indicating the team intends on him making the opening night roster next season.

Puustinen, 25 next month, encroached on NHL regular territory for the first time this season. The 2019 seventh-round pick of the Pens spent most of the season on the NHL roster, signed to a two-way deal ($775K/$385K) after spending all of 2022-23 with AHL Wilkes-Barre/Scranton.

He proved himself as one of Pittsburgh’s better depth point producers among a bottom six that otherwise struggled to score. Making 52 of his 53 career NHL appearances, Puustinen notched five goals and 15 assists for 20 points. Despite averaging less than 12 minutes per game, his 0.38 points per game ranked eighth among Penguins forwards, excluding Jake Guentzel, who was dealt to the Hurricanes at the trade deadline.

The 5’9″ Finn was waiver-exempt this season, but that designation will lapse on July 1. In the unlikely event that Puustinen doesn’t crack Pittsburgh’s opening night roster in October, they’ll need to expose him to waivers to assign him to the AHL. Signing him to a one-way contract with a bit of term slightly lowers the probability that he’d be claimed, but a league minimum cap hit still makes him an attractive target for other teams looking for depth scoring.

Despite his age, Puustinen was a pending Group Six unrestricted free agent because he’d logged fewer than 80 NHL games while playing three or more professional seasons. The Penguins would not have controlled his signing rights if they had not agreed on an extension before July 1.

Notably, Puustinen also had above-average possession metrics this season, with a 52.3 CF% and 52.7 xGF% at even strength, per Hockey Reference. If he can again comfortably tackle bottom-six minutes next season, this is a tidy bit of work from Dubas to lock in some extremely cheap depth scoring for the next two years.

Puustinen will be a true unrestricted free agent when his new deal expires in 2026. The Penguins now have 32 of a maximum 50 standard player contracts signed for next season.