The Kings made one move on the first day of the NHL Free Agency period, and it kept their Stanley Cup winning team intact.
The Kings resigned winger Dustin Penner to a one-year million dollar contract. Various news outlets put the amount of money Penner was given to about three million dollars for the 2012-13 season.
Penner had a disappointing 2011-12 season, scoring just seven goals in 65 games and at one point during the season injured his back while eating pancakes. Penner though came on strong in the Kings' drive to its first ever Stanley Cup, assisting eight goals while scoring three himself in the playoffs, with the third goal being the most memorable, as it came in overtime of game five of the Western Conference Finals against the Phoenix Coyotes to send the Kings to the Stanley Cup Final.
The only bad news regarding Penner could center on exactly when he will return, as it was reported by various news outlets that the winger will need wrist surgery. Still, Penner's return means the Kings will most likely retain all of its players from its championship team. Centers Jarret Stoll and Colin Fraser before they hit the market, leaving Dwight King as the Kings' last free agent, though he is a restricted free agent and his return isn't expected to be much of a problem.
Even as Penner will return, it is reported the Kings are still in the race to sign prized winger Zach Parise. The Kings though have some formidable competition for the winger's services, as his current employer (at the moment), the New Jersey Devils are still alive in their efforts to re-sign the winger and Detroit, Pittsburgh and Minnesota are also in the hunt to ink Parise's signature.
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