Penguins GM Ray Shero signs new deal

Updated: September 20, 2010, 7:49 PM ET
Associated Press

PITTSBURGH -- Penguins general manager Ray Shero, whose deft handling of the salary cap and midseason hiring of coach Dan Bylsma in 2009 helped Pittsburgh win its first Stanley Cup in 17 years, has agreed to a five-year contract extension that runs through the 2015-16 season.

Shero's current five-year contract, signed at the start of the 2006-07 season, would have expired at the end of this season.

"It worked out great," Shero said Monday of the negotiations. "It was relatively painless ...

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