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Crosby is in the final season of a 12-year contract. The new deal starts in the 2025-26 season and runs through the 2026-27 season, when Crosby will be 39 years old.
The contract carries an annual average value of $8.7 million against the NHL salary cap. It's the same cap hit he has carried on two previous contracts of five and 12 years, and a numerological nod to his birthday (8/7/87) and his jersey number. His contract extension earns him a base salary of $780,000 with a $9 million signing bonus in 2025-26 and a $1.09 million salary and a $6,530,000 signing bonus in 2026-27. The contract carries a full no-movement clause.
Crosby and his representatives had been discussing the shape of this contract for a while, knowing that he had one year left on his current deal. Some speculated the term would be shorter, others speculated it could be in the range of four years with an average value over $10 million.
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