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Clay Stevenson

Washington Capitals Sign Clay Stevenson To Three-Year Extension

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The Washington Capitals have signed netminder Clay Stevenson to a three-year, $775k AAV contract extension.

According to the team release, the financial structure of the contract is as follows:

2024-25: two-way, $775k NHL salary, $200k AHL Salary
2025-26: one-way, $775k salary
2026-27: one-way, $775k salary

This contract provides Stevenson, 24, with a significant amount of financial security as he enters his mid-twenties. The six-foot-four undrafted goaltender played one season of college hockey at Dartmouth, where he was named to the ECAC Third All-Star team and All-Rookie team, before joining the pro ranks with the Capitals organization.

The Capitals signed Stevenson to a two-year entry-level contract and then stashed him with their ECHL affiliate, the South Carolina Stingrays. He had a strong 2022-23 in South Carolina, posting a .916 save percentage in 36 games played. Stevenson also got into three AHL games last year, posting a 3-0-0 record and .924 save percentage.

That strong form in his debut pro year meant the Capitals could go into 2023-24 with confidence that Stevenson could be part of a strong tandem with their AHL affiliate, the Hershey Bears.

He’s done more than form a strong tandem, though, he’s surged to the best start of any goalie in the AHL and has firmly supplanted Calder Cup-winning goalie Hunter Shepard as the team’s most reliable option, at least at this early point in the season.

In 13 AHL games, Stevenson has a 1.70 goals-against-average and a stellar .934 save percentage. He’s looked utterly dominant at times, and he has already posted four shutouts in his relatively small sample of games played.

By signing him to this contract extension, the Capitals have accomplished a few things. First and foremost, they now have assured cost certainty for Stevenson for the next three seasons after this one.

Should he continue to play like one of the top goalies in the AHL, Stevenson could very well become the Capitals’ number-two goalie by the time Charlie Lindgren hits unrestricted free agency in the summer of 2025. He’s slated to cost the bare minimum cap hit for the next three seasons, meaning if he can reach the NHL he’ll likely provide the Capitals with a solid bargain.

So given how many positives there are in this extension for Washington from a salary cap perspective, it’s fair to question why Stevenson, such a fast-rising goalie, would lock himself into such an affordable deal for the next three years after this one.

Just as the Capitals have gotten financial certainty, so has Stevenson. Although his NHL cap hit on his entry-level deal was $855k, Stevenson has not yet made the NHL. His salary in the minors has been $80k, meaning a $200k minors salary as soon as next season and then $775k for the following two years, regardless of what level he plays at, is an attractive financial package.

For as strong as Stevenson has played so far, his resume of AHL success consists of just 16 total games. While Stevenson is surely confident that he’ll continue being a strong AHL netminder, sustaining his push towards NHL call-up consideration, it’s also worth noting that sports can be extremely fickle.

By signing this contract, Stevenson financially protects himself in the case that he suffers an injury or some unforeseen steep decline in form. Could he have risked things, signed only a one-year extension, and then been in a strong position to cash in if he sustained league-best statistics for a full AHL campaign? Probably, but that’s an immense risk to take.

And in any case, if Stevenson can continue his rise he’ll nonetheless be in a position to cash in when he’s still in his twenties, which is far from old for a goaltender.

Capitals Recall Hunter Shepard, Loan Clay Stevenson To AHL

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The Capitals announced Tuesday that they’ve recalled goaltender Hunter Shepard from the AHL’s Hershey Bears and returned netminder Clay Stevenson to Hershey in a corresponding transaction.

This amounts to a backup swap behind starter Darcy Kuemper while normal backup Charlie Lindgren remains on IR. He is listed as day-to-day with an upper-body injury and has not played since starting the team’s season opener while Kuemper was away on paternal leave.

Shepard, who guided Hershey to a Calder Cup championship last season, would have been Washington’s first recall choice knowing Lindgren would be out for a while. However, Shepard himself was sidelined with an illness – now that he’s healthy, he finds himself on Washington’s roster, likely until Lindgren can return. The 27-year-old was named MVP of the Calder Cup Playoffs last season after posting a .914 SV%, 2.27 GAA and three shutouts in 20 contests. All that came in his first season as a full-time AHL netminder, spending the majority of the two previous seasons with Washington’s ECHL affiliate in South Carolina. The two-time national champion with the University of Minnesota-Duluth is undefeated with Hershey this season, going 2-0-0 with a 2.88 GAA and.885 SV%. If he makes an appearance for the Caps on this recall, it will be his NHL debut.

Stevenson, 24, made back-to-back starts in Hershey’s first two contests of the season while Shepard was on the shelf. He, too, has yet to make an NHL appearance, with Kuemper starting all three games in Lindgren’s absence. He will serve as the Bears’ starter while Shepard is up on the NHL roster.

Capitals Assign Clay Stevenson, Recall Aliaksei Protas From AHL

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Saturday: With Kuemper back, the Capitals have reversed this transaction, sending Stevenson back to Hershey while recalling Protas.

Friday: The Washington Capitals today recalled netminder Clay Stevenson from the AHL’s Hershey Bears, as starter Darcy Kuemper will miss tonight’s season-opener against the Pittsburgh Penguins after welcoming a son last night. Forward Aliaksei Protas was loaned to Hershey to allow Washington the cap space to recall Stevenson.

Stevenson will backup Charlie Lindgren, who will start opening night for the Caps after recording a .899 save percentage in a career-high 31 games last season. The 24-year-old Stevenson has yet to make his NHL debut after signing with Washington as an undrafted free agent in 2022. In his first pro campaign last season, the former Dartmouth standout assumed the starting role for the ECHL’s South Carolina Stingrays. He appeared in 36 games there, recording a 2.54 goals-against average, .916 save percentage, three shutouts, and a 19-12-3 record. He also made three appearances for Hershey, going undefeated and posting a sparkling .924 save percentage and 1.96 goals-against average.

In 2023-24, Stevenson will be the primary AHL backup to Hunter Shepard, who broke out for Hershey en route to a Calder Cup win last season and captured the playoff MVP award.

Protas, meanwhile, still does not require waivers to head to the minors and was the odd man out with 2019 first-round pick Connor McMichael locking down a top-six role for opening night. The 22-year-old Belarusian was also a member of the Capitals’ 2019 class and stuck mostly in the NHL last season, notching 15 points in 58 contests. He’ll likely get recalled back to the Capitals’ NHL roster once Kuemper has rejoined the team and Stevenson is returned to Hershey.

Washington Capitals Extend Affiliation Agreement With South Carolina Stingrays

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The Washington Capitals and the ECHL’s South Carolina Stingrays have extended their affiliation agreement through the 2025-26 season, per a team release Thursday morning.

The upcoming 2023-24 season will be the 10th consecutive campaign the Capitals and Stingrays have been affiliated with each other. The Capitals were also previously affiliated with South Carolina from 2004 to 2012.

In the combined 17 seasons of affiliation, the Stingrays have only missed the playoffs twice. Considering Washington’s prioritization of minor league success with their AHL affiliate, the Hershey Bears, South Carolina’s strong play at the ECHL level comes as little surprise.

Their success includes winning the Kelly Cup in 2009 and clinching three conference championships since 2015. The Stingrays achieved a record of 45-22-4-1 this season, finishing first in the ECHL’s South Division and second in the Eastern Conference.

Capitals senior vice president and general manager Brian MacLellan issued the following statement:

We are pleased to renew our partnership with the South Carolina Stingrays. For several seasons, the Stingrays have provided our prospects a winning environment in which they can develop, and we are looking forward to continuing our affiliation.

While it’s rare for any high-end NHL prospects to see ECHL time, aside from the occasional goaltender, ECHL teams still directly influence organizational success. AHL and ECHL teams maintain tight relationships, and a winning culture at one level tends to bleed through to the other. These affiliates can also prove vital in developing more raw prospects not quite ready for extended AHL time, something the Capitals exhibited this season.

Five players who participated in games for South Carolina this season attended the Capitals’ 2022 training camp. Among them were forward Bear Hughes, defensemen Martin Has and Benton Maass, and goaltenders Garin Bjorklund and Clay Stevenson.

Hughes, the Capitals’ fifth-round draft pick in 2020, proved himself a valuable asset for the Stingrays with 36 assists and 59 points this season. However, Washington no longer holds his exclusive signing rights. Stevenson, who joined the Capitals as a free agent in March 2022, seamlessly transitioned to pro hockey ECHL, ranking among the league leaders in various statistical categories, and showing he may be a potential call-up option for Washington in 2023-24.

Afternoon Notes: Schedule, Stone, Sabres, Team Canada Captains, Hershey Bears

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More hockey? You’d be hard-pressed to find a fan who wouldn’t want it. Earlier this week, there had been some discussions about the NHL potentially expanding the season back to an 84 game schedule for the first time since the 1993-94 campaign. Last night on Hockey Night in Canada’s 32 Thoughts segment, Sportsnet’s Elliotte Friedman expanded on those rumors with an idea of what that schedule might look like, and how the league could get there.

In effect, the schedule would be expanded an additional two games to promote intra-division rivalries, such as the one between the Calgary Flames and Edmonton Oilers or the one between the New York Rangers and New York Islanders, both of which have seen their head-to-head matchups drop off in recent years. As Friedman details, the schedule would consist of four games against each of the other teams within the division, three games each against each team in the opposing division, and two against each team in the opposite conference. To balance things out, each team’s slate of preseasons games could be cut down. It doesn’t appear that any change is imminent, however Friedman adds that there is a willingness to discuss the change between the league and the NHLPA, however there hasn’t been much dialogue on the subject recently.

  • Things didn’t look good for Vegas Golden Knights captain Mark Stone last night when he went down in obvious pain during the third period of the team’s game against the New York Islanders. The winger struggled to get off the ice with the assistance of his teammates, but surprisingly was able to come back and join them in the final moments of the game. Unsurprisingly, after the game, Vegas head coach Bruce Cassidy was asked about the status of his star forward, telling The Athletic’s Jesse Granger that the hope is Stone’s injury is “just a stinger,” but he wouldn’t know much more until today. Cassidy added that Stone was not 100% when he rejoined the team late in the game. So far, no additional information has come out about Stone’s status. Vegas next plays at home on Monday against the Sabres.
  • Yesterday, the Buffalo Sabres were able to get forward Kyle Okposo back from injury and Jeff Skinner back from suspension, but were without defensemen Owen Power, Jacob Bryson, and Ilya Lyubushkin. The team didn’t have much information on Power or Bryson, and the same holds true today, however according to The Buffalo News’ Mike Harrington, Ilya Lyubushkin is set to return tomorrow against Vegas. Noticeably absent from the ice this morning were defensemen Rasmus Dahlin and Mattias Samuelsson, but as Harrington adds, both were absent simply for rest purposes.
  • With the World Junior Championship just eight days away, Hockey Canada announced its leadership group for this year’s World Juniors team. Captaining the group will be Seattle Kraken forward and fourth-overall pick in 2022, Shane Wright. Assisting him will be Arizona Coyotes forward Dylan Guenther, Dallas Stars draft pick and current Kamloops Blazers forward Logan Stankoven, Anaheim Ducks draft pick and Quebec Remparts forward Nathan Gaucher, as well as Chicago Blackhawks draft pick and Mississauga Steelheads defenseman Ethan Del Mastro. Canada will kick things off against Czechia on December 26th.
  • Many don’t necessarily think about when an NHL team chooses to recall a player from their affiliate, it could set off a chain reaction of needs within their system, and that’s just what happened with the Washington Capitals and their goaltenders. When Darcy Kuemper went down a couple of weeks ago, the team recalled Hunter Shepard, which Hershey was able to cope with by recalling Clay Stevenson from the ECHL. No problem. But, when Washington also recalled Zachary Fucale yesterday in the wake of Shepard’s upper-body injury, Hershey was forced to sign an emergency back-up to a PTO for their game last night. Today, the Bears were able to smooth things out in net prior to their game against the Lehigh Valley Phantoms this afternoon, bringing up netminder Tyler Wall from the South Carolina Stingrays, Hershey and Washington’s ECHL affiliate. In a corresponding move, defenseman Martin Has has been sent to South Carolina. While this is a relatively minor move, it does give context for the transactions NHL teams make that sometimes seem to be done just for the sake of doing them.

Snapshots: Three Stars, Krejci, Stevenson

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The NHL released its Three Stars for last week, with Connor McDavid taking the top spot. The Edmonton Oilers superstar had eight points which, incredibly, all came on goals that either tied the game or gave his team the lead. McDavid seems poised to win the Art Ross once again as the league’s top scorer, and the Rocket Richard is now well within his reach after such an outstanding start.

Second and third went to Jesper Bratt and Marc-Andre Fleury respectively, after their own strong performances. Bratt continues to be one of the most underrated offensive players in the league and now has 15 points in nine games this season. Fleury, meanwhile, rebounded from an iffy start and had a .927 in three appearances last week. His numbers aren’t very inspiring, but Fleury has gone 4-1-1 to start the year.

  • Boston Bruins forward David Krejci will miss at least the next few days with an upper-body injury. He now appears on the Bruins injured reserve list, meaning he’ll miss seven days since his last game. Still, head coach Jim Montgomery said that his veteran center will be traveling with the club and shouldn’t be out too long.
  • The Washington Capitals have assigned Clay Stevenson to the ECHL’s South Carolina Stingrays, suggesting he has recovered enough to start getting back into game action. The 23-year-old was a free agent signing out of Dartmouth and underwent hand surgery at the beginning of October. Given a timeline of four to six weeks from then, his recovery seems to be right on track.

East Notes: Maple Leafs, Rangers, Penguins Injuries, Stevenson

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When Toronto lost of a pair of depth defensemen to injuries earlier this week (one of them a long-term injury), the team started calling around the league to inquire about of some of the veterans currently on PTOs, TSN’s Darren Dreger reports in the latest Insider Trading segment.  The Maple Leafs could sign one of those players on a tryout elsewhere as teams rarely stand in the way of someone getting a guaranteed contract but their search for extra depth could also have them monitoring the waiver wire over the next couple of weeks.  The re-signing of Rasmus Sandin will help but with Jake Muzzin and Timothy Liljegren already out on top of Wednesday’s two injuries, Toronto could certainly still use some depth on the back end.

More from the Eastern Conference:

  • It is believed that the Rangers have reached out to the representatives for winger Alexis Lafreniere and defenseman K’Andre Miller in the hopes of beginning discussions on contract extensions, notes Larry Brooks of the New York Post. Both players will be finishing their entry-level deals this season and with New York’s cap situation, they may have to work out short-term bridge agreements with both of them.  Lafreniere had 19 goals and 31 points in 79 games last season while Miller had 20 points in 2021-22 while logging over 20 minutes a night for the second straight year.
  • The Penguins are listing centers Jeff Carter and Teddy Blueger as day-to-day, relays Seth Rorabaugh of the Pittsburgh Tribune-Review. Carter suffered an upper-body injury in an intrasquad scrimmage last weekend while Blueger was injured in a scrimmage on Tuesday.  Meanwhile, prospect forward John Gruden and veteran blueliner Taylor Fedun are also listed as day-to-day with undisclosed ailments.
  • The Capitals announced (Twitter link) that goaltender Clay Stevenson underwent surgery to repair an injury on his right hand. The procedure carries a recovery time of four-to-six weeks.  The 23-year-old will begin his professional career this season after spending the 2021-22 campaign with Dartmouth where he posted a .922 SV% in 23 games.

Washington Capitals Sign Clay Stevenson

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March 28: Stevenson has now officially signed his two-year entry-level deal, though it will begin in 2022-23, not this season. The contract carries an average annual value of $885K.

March 24: The Washington Capitals are expected to add some goaltending depth to the organization, as Elliotte Friedman of Sportsnet tweets that Clay Stevenson will join the organization now that his college season at Dartmouth is over. Rick Dhaliwal of CHEK TV adds that Stevenson met with both the Capitals and New York Rangers, while drawing interest from the Vancouver Canucks and Seattle Kraken.

Stevenson, 22, would normally have been in his sophomore season, but missed all of 2020-21 when the Ivy League schools decided to cancel men’s hockey. Instead, this was his first season of college hockey, and he ended up posting a .922 save percentage in 23 games. Even more impressive is that Dartmouth was not a strong team, leading to a 6-14-2 record on the year despite his solid numbers. Two of those six wins (the team had seven total) were even shutouts, likely instances that impressed scouts even more.

Notably, the Capitals went from having two young potential starters to lots of question marks in net over the past year, with Ilya Samsonov’s struggles the most surprising turn of events. Both Samsonov and Vitek Vanecek are restricted free agents at the end of the year (arbitration-eligible), meaning there could eventually be a path to the NHL in Washington for a player like Stevenson. Undrafted, the 6’4″ netminder became a star in the BCHL–recording a 30-2-2 record with a .936 in his final season–before heading to college.

As he is already 23, he’ll be signing a two-year entry-level contract.

Capitals Notes: Johansson, Stevenson, Van Riemsdyk, Defense Target

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The Capitals are among the teams that have shown interest in Kraken winger Marcus Johansson, reports TSN’s Chris Johnston (Twitter link).  The 31-year-old has had a bit of a quiet year in Seattle with six goals and 17 assists in 51 games but is someone that Washington is certainly familiar with as Johansson spent his first seven NHL seasons with the Caps.  Cap space is next to non-existent for them, however (just $63K per CapFriendly) so finding a way to fit in Johansson’s $1.5MM cap hit will be a bit tricky and Seattle has already used two of their three retention slots in the Calle Jarnkrok and Mark Giordano trades.

More from Washington:

  • The Capitals are among the teams interested in college free agent goaltender Clay Stevenson, relays Tarik El-Bashir of The Athletic (Twitter link). The 23-year-old technically just wrapped up his freshman year at Dartmouth and did well, posting a 2.70 GAA along with a .922 SV% in 23 games.  El-Bashir adds that several NHL teams are interested in the netminder.  Dartmouth isn’t among the teams in the NCAA tournament so Stevenson is someone that can sign at any time.
  • Washington has placed defenseman Trevor van Riemsdyk on injured reserve, notes Roman Stubbs of the Washington Post. He suffered an upper-body injury on Friday against Carolina and will be eligible to return on Saturday against New Jersey.  The 30-year-old has played in 58 games this season, collecting 14 points while averaging nearly 18 minutes per game.
  • Stephen Whyno of the Associated Press suggests (Twitter link) that a low-cost left-shot defenseman is something Washington would like to add. Michal Kempny is up with the big club but carries a $2.5MM AAV; bringing in a lower-cost depth option could allow them to send Kempny back to the minors (pending waivers) which would help free up a little bit of cap space.

Clay Stevenson Drawing NHL Interest

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At the collegiate level, there are times when a player bursts onto the scene without a ton of prior hype. Sometimes it can even lead to the attention of NHL scouts or even an NHL entry-level contract. It appears that’s the case with Clay Stevenson, a goaltender from Dartmouth College who may end up earning a deal in the coming weeks.

Elliotte Friedman of Sportsnet writes that NHL teams are already making pitches to the undrafted free agent, whose final regular season game is this weekend. Rick Dhaliwal of CHEK TV goes a step further, reporting that the Vancouver Canucks have an interest in the Chilliwack, British Columbia native.

Perhaps burst onto the scene is a bit hyperbolic in Stevenson’s case, given how well he played in the BCHL before leaving for college. For the Coquitlam Express in 2019-20, the big goaltender posted a 30-2-2 record with a .936 save percentage, taking home the BCHL Top Goaltender award but missing a chance to win the Fred Page Cup after the league was shut down because of COVID-19 concerns. It was COVID issues that stole what would have been Stevenson’s regular freshman season in 2020-21 as well when Dartmouth and the other Ivy League hockey programs decided not to play.

The NCAA ruled that he would not lose a season of eligibility though, so this year is technically an impressive freshman campaign for the 22-year-old, even on a team without much success. His record is just 5-10-2 on the year, but Stevenson has produced a .925 save percentage as the primary starter. He’s even posted a pair of shutouts, two of the program’s six total wins. One of those came just a few days ago against Princeton, likely piquing the interest of scouts even further as the Dartmouth season comes to an end.

On March 1, teams will be eligible to sign entry-level contracts that begin in the 2022-23 season. It will be interesting to see whether or not Stevenson goes that route and then inks an amateur tryout to join a minor league club for the stretch run, as he’ll be limited to a two-year entry-level contract either way because of his age. A bargaining chip some teams may use to try and secure his services is having an ELC start for 2021-22, allowing him to enter the professional ranks right away and reach restricted free agency a little earlier.

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