July 1: The Penguins have confirmed the signing, announcing a five-year contract worth $16.25MM.

June 27: Multiple reports including Jason Mackey of the Pittsburgh Post-Gazette have surfaced indicating that the Pittsburgh Penguins intend to sign Jack Johnson to a five-year contract on July 1st. The deal will be in the area of $16MM total, and would make sense given the recent reports of discussions between the two sides. Though they’re technically not allowed to exchange contract figures until Sunday, team often have deals worked out ahead of time—as seen by the flurry of announcements just after the free agent period opens.

This doesn’t guarantee that Johnson becomes a Penguin on July 1st, but it certainly gives him an offer that would be hard to top. The 31-year old defenseman has been open about his need for some financial stability given his public bankruptcy case, and a five-year deal would give him that. It would also provide the Penguins with another experienced skater that has been known to log huge minutes and contribute on the penalty kill.

Johnson has clearly started to decline on the ice, no longer the two-way powerplay quarterback he was in his youth. That offensive upside was squashed as he transitioned into a more shutdown role in Columbus, one that he relished for a time alongside David Savard. If he end up in Pittsburgh he could be given a very similar role, and allow some of the more offensively-minded defensemen to flourish a bit in some easier matchups. The question now is if he can handle that role, or if he would be at his best as a more rarely-used third pairing option and penalty killer. Johnson hasn’t put up good possession statistics in several years, and was eventually scratched by the Blue Jackets down the stretch and through their playoff series.

For $3MM, or something around it, the Penguins would need a strong contribution. Just today they disposed of Matt Hunwick‘s $2.25MM cap hit because he didn’t fit into the system, and a five-year commitment to Johnson brings even more risk. Granted, Hunwick was not a third-overall pick that has logged 788 relatively successful games in the NHL, but it’s easy to see how the situation could devolve into something similar a few years down the road.

Luckily for Pittsburgh, GM Jim Rutherford has proven time and again how he can wiggle his way out of contract and cap problems. With today’s trade of Hunwick and Conor Sheary being the latest example, Rutherford has positioned his team as real Cup contenders every year since taking the job in 2014. A commitment to Johnson may be risky, but it also could pay off if he can find a higher gear like so many other defensemen have in Pittsburgh over the last few years.

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