The Pittsburgh Penguins, just minutes after withdrawing their offer to Jaromir Jagr, have re-signed forward Tyler Kennedy.

According to the team site, Kennedy will remain with the club for two more years at an annual salary of $2 million.

The 24-year-old recorded 45 points (21 goals, 24 assists) in 80 games last season with the Penguins

My Take

I like this signing a lot. Kennedy was just minutes away from free agency, where he likely could would have increased his income by $500,000 or more.

While many questioned general manager Ray Shero’s tactic of not extending Kennedy a qualifying offer to retain his rights earlier this week, the decision proved effective, as Kennedy now is signed, and likely for less than he would have made through arbitration.

Now, the question is, will Kennedy be the team’s second line right winger, or does Shero have plans to sign a free agent not named Jaromir Jagr? Time will tell…