PITTSBURGH -- Sidney Crosby is poised to sign a megadeal with the Pittsburgh Penguins.

The team has agreed to a 12-year contract extension with the Penguins captain worth US$104.4 million.

Crosby can't sign the new contract until Sunday when the window opens for player signings.

Crosby is entering the final year of a five-year contract that carries an annual cap hit of $8.7 million.

The new deal will also average $8.7 million per season.

The 24-year-old is due to become an unrestricted free agent next summer.