Malone is slated to earn $1.3 million for the 2006-07 season and $1.45 million for the 2007-08 season, Penguins general manager Ray Shero said Wednesday. Malone's salary arbitration hearing took place July 21.
The Pittsburgh native had 22 goals and 44 points in 77 games with the Penguins last season, when he earned less than $1 million.
Malone also represented the United States at this year's world championships. He ranked second on the team in scoring during the tournament with four points and was selected as one of the top three U.S. players at the event.
Malone was chosen by the Penguins in the fourth round of the 1999 draft. He has appeared in 158 NHL games, all with the Penguins, and has 87 career points and 127 penalty minutes.