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Philipp Grubauer

The Free Agent Goaltending Market This Summer Will Be Thin

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Jesse Granger of The Athletic wrote an article the other day about the lack of impact options available in the goaltending market this summer. Granger highlights recent extensions to Adin Hill, Karel Vejmelka, Logan Thompson and Kevin Lankinen to back up his hypothesis. This season, 12 NHL goaltenders have signed contract extensions totalling just shy of $438MM.

The teams on the hunt for goaltending this summer will be hard-pressed to find a suitable target as supply will most certainly fall short of demand. There will be goalies available, but the free-agent market will be a mix of veteran backups and reclamation projects. Topping the list will be New Jersey’s Jake Allen and Carolina’s Frederik Andersen, and while both men are certainly capable NHL goaltenders, they aren’t likely to move the needle for a team that is in search of a netminder. Although Allen is making a case at the moment as he is on a heater with the Devils and has been exceptional this season with a goals saved above expected of 20.3 (as per Money Puck).

While this isn’t great news for teams looking to be buyers, it does create an opportunity for teams that will be looking to sell low on expensive veterans. The most obvious candidate for a move is Tristan Jarry of the Pittsburgh Penguins. The 29-year-old has returned to the NHL after a stretch in the minors and has played well in five games for the Penguins. While a small sample size is unlikely to make teams forget about Jarry’s long-term play over the past two years, a solid stretch to end the year could entice a team to roll the dice on a former two-time NHL All-Star. Jarry has three years remaining on his contract with an AAV of $5.375MM, and with the cap going up, there may be a team so desperate to improve in the net that they pull the trigger and hope Jarry re-captures his game.

Another such name is Philipp Grubauer of the Seattle Kraken. Like Jarry, Grubauer is on an expensive long-term deal and spent part of this season in the AHL. Grubauer has two years remaining on his contract at $5.9MM per season, but at 33 years old he would certainly be a bigger risk than Jarry. Over the past four seasons, Grubauer has posted -55.8 goals saved above expected with the Kraken (as per Money Puck), while Jarry has posted +8.1 goals saved above expected (as per Money Puck).

Then, of course, there is John Gibson of the Anaheim Ducks, who has had his name in trade rumors for what feels like forever. The 31-year-old has been good this season for the Ducks, and it’s hard to imagine he makes it another summer in Anaheim. The Ducks have an opportunity to move on while Gibson’s value is at the highest it’s been in a few seasons, and with so few alternatives, they should be able to net an asset or two.

Kraken Recall Philipp Grubauer, Assign Niklas Kokko To AHL

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Late in January, the Kraken decided to place Philipp Grubauer on waivers to allow him to get some extended time with AHL Coachella Valley to try to get him back on track.  It appears they’re content with how he performed as the team announced (Twitter link) that they’ve recalled the veteran from the Firebirds.  In a corresponding move, Niklas Kokko was assigned to Coachella Valley.

Grubauer struggled in his first three seasons with Seattle, failing to record a save percentage of .900.  But this year, things went much worse.  Prior to his demotion, the 33-year-old put up a 3.83 GAA and a .866 SV% in 21 outings, numbers that are dead last among netminders with at least 20 appearances.  That’s hardly the type of performance they’re expecting from someone carrying a cap charge of $5.9MM through the 2026-27 season.

With the Firebirds, Grubauer was better but his numbers were still relatively pedestrian for a long-time NHL veteran.  In seven appearances with them, he posted a 2.87 GAA with a .893 SV%.  Now that he’s back with Seattle, his likely goal over the next seven weeks will be to try to play well enough to not be considered for a contract buyout this summer.

As for Kokko, he made his first career NHL appearance on Tuesday, making four saves on six shots in half a game against St. Louis.  The 20-year-old is in the first season of his entry-level deal and has fared well in the minors, putting up a 2.44 GAA and a .909 SV% in 21 games with the Firebirds.  With Coachella Valley in a three-way battle for the top spot in the Pacific Division, Kokko will now get into some meaningful action down the stretch.

Kraken Reassign Philipp Grubauer

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Jan. 30: Grubauer cleared waivers and will be assigned to the AHL, Elliotte Friedman of Sportsnet reports. The Kraken recalled Ales Stezka from Coachella Valley earlier today to serve as their new backup.

Jan. 29: The Kraken announced Wednesday that they’ve placed goaltender Philipp Grubauer on waivers. He will be reassigned to AHL Coachella Valley if he clears.

Grubauer is the second high-profile veteran in as many days to hit the waiver wire, joining the Blues’ Brandon Saad (who cleared them today). He’s also the second big-money netminder to land on waivers recently after the Penguins’ Tristan Jarry cleared them earlier this month.

Grubauer’s contract is strikingly similar to his counterpart in Pittsburgh’s, except he’s further along. Seattle signed the German to a six-year, $35.4MM commitment in free agency before their inaugural season, tabbing him to serve as their first starter coming off a Vezina Trophy nomination with the Avalanche. He’s now in the fourth year of that deal, which carries a $5.9MM cap hit, and has yet to even sniff an average campaign.

Not once in Grubauer’s nine NHL seasons before arriving in Seattle had he posted a save percentage under .900. But since arriving in the Pacific Northwest, he hasn’t touched .900 in a single season and has averaged a .890 mark with a 3.10 GAA in a Kraken jersey. He hasn’t started north of 40 games since his first season in Seattle and has a cumulative 54-76-12 record with four shutouts.

While Grubauer isn’t playing behind the elite Capitals and Avalanche teams he had support from earlier in his career, he’s actively been a drag on the Kraken’s record over the life of the deal. He’s allowed 57.7 goals above expected since 2021, per MoneyPuck. 17.5 of those conceded goals have come this season, on track to put him last in the league in the stat after doing so already in 2021-22.

His recent run of play makes it easy to see why now is the moment Seattle’s patience has run out. He’s 0-5-1 in his last six appearances and has allowed 22 goals on 127 shots during that timeframe, working out to a .827 SV%. When compared to now-undisputed starter Joey Daccord’s numbers this season (17-12-2, .916 SV%, 2.45 GAA), there’s no questioning whether Grubauer’s struggles are individual or systemic.

There won’t be any takers on waivers as a result, and the likelihood of a trade is minimal – especially with his 10-team no-trade clause. All signs point to a buyout this summer, which would cost the Kraken $1.68MM against the cap for the next four seasons, per PuckPedia. For the rest of the season, Seattle can shave $1.15MM off Grubauer’s cap hit, so he’ll cost $4.75MM against the cap after being reassigned tomorrow.

Where Seattle goes for a new backup for Daccord in the interim remains to be seen. Next up on the depth chart is 28-year-old Ales Stezka, who’s been recalled a handful of times under emergency conditions since signing with the Kraken as an undrafted free agent in 2023 but has yet to make his NHL debut. The Czech goalie has a .902 SV% and 3.00 GAA with an 8-12-4 record in 24 appearances for Coachella Valley this season – not particularly inspiring numbers.

Instead, expect them to trade for a depth netminder from a team with more depth at the position to finish out the season. Third-stringers like the Islanders’ Marcus Högberg and Utah’s Jaxson Stauber have done well in limited action this season, although the former is still needed in New York with Semyon Varlamov on the shelf.

Long-term, Seattle’s set between the pipes with Daccord as the starter. The 28-year-old signed a five-year, $25MM extension in October to keep him off this summer’s free agent market.

Image courtesy of USA Today Sports.

Pacific Notes: Fowler, Stone, Walman, Stezka, Boeser, Joshua

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Sportsnet’s Elliotte Friedman unveiled that the Anaheim Ducks were working on a trade with their longest-tenured player, defenseman Cam Fowler, just before the 2024-25 preseason. Despite the rumor, and a few team’s obvious need for a top-four defenseman, Fowler still finds himself a member of the Ducks’ organization.

According to David Pagnotta of The Fourth Period, that’s not for a lack of trying. In last week’s rendition of ’The Latest’, Pagnotta said, “He wants to go to a contender, just like John Gibson, the goaltender there as well. They’re kind of over this little rebuild situation that they’re in. But because of that extra year, that value is propped up a little bit. He’s not an expiring deal. This isn’t a rental situation. So those conversations will continue as the season progresses.”

He went on to note that Fowler may be interested in waiving his four-team no-trade clause to help facilitate a deal and Anaheim would retain some salary on their end. Few contending teams could absorb Fowler’s $6.5MM cap hit for this season and next but the Winnipeg Jets, Los Angeles Kings, and Utah Hockey Club all strike as clear choices that could use a veteran presence in their top-four.

Other Pacific notes:

  • The Vegas Golden Knights were dealt a blow a few days ago after captain Mark Stone went down with a lower-body injury. Thankfully there won’t be any long-term concern for Stone as Elliotte Friedman reported the injury isn’t considered serious. Stone hasn’t participated in a full season since the 2020-21 campaign. Still, the Golden Knights will want to get him as close as possible this year with Stone scoring six goals and 21 points already in only 13 games.
  • According to beat reporter Max Miller, San Jose Sharks defenseman Jake Walman will miss his fourth straight game due to an upper-body injury. The Sharks have weathered the storm without Walman with two wins in their last three games but the injury is a major buzzkill for a defenseman who recorded seven points in four games before the injury.
  • Philipp Grubauer still isn’t ready for the Seattle Kraken meaning the team had to get a second goaltender on the roster. For the second time in less than a week, the team announced they had recalled netminder Ales Stezka from their AHL affiliate, the Coachella Valley Firebirds, on an emergency basis. Stezka has a 2-5-0 record with the Firebirds this season with a .894 SV% but has yet to debut with the Kraken.
  • It became apparent rather quickly that Vancouver Canucks’ forward Brock Boeser would miss some time after being on the receiving end of a hit from Los Angeles Kings forward Tanner Jeannot which warranted a three-game suspension. Offering an update this afternoon, Vancouver’s play-by-play announcer, Brendan Batchelor, shared that Boeser is only expected to miss the next few days. This means that Boeser will likely miss Vancouver’s game tomorrow night against the Calgary Flames but could return for Thursday’s action against the New York Islanders.
  • Unfortunately, the Canucks won’t be able to replace Boeser with Dakota Joshua as Batchelor also shared he isn’t expected to return tomorrow. There’s no indication that Joshua suffered a setback in his recovery from testicular cancer. Still, the team is likely doing its due diligence to be sure that Joshua is fully healthy and ready for game speed.

Kraken Recall Ales Stezka On Emergency Basis

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Saturday: As expected, Seattle has returned Stezka to Coachella Valley.  He dressed as the backup last night but with the Kraken now off until Tuesday, there’s no need for them to be carrying three goaltenders.

Friday: Late last night, the Kraken announced (Twitter link) that they recalled goaltender Ales Stezka on an emergency basis from AHL Coachella Valley.  The roster move was officially registered earlier today.  They had three open roster spots so no corresponding move was necessary although it did push them into using LTIR for the time being.

The 27-year-old is in his second season with Seattle after signing with them as a free agent last year.  He was originally drafted by Minnesota back in 2015 but didn’t sign with them.

Stezka had a solid rookie year in the minors last season, posting a 2.48 GAA with a .914 SV% in 27 regular season games with the Firebirds.  He didn’t see any playoff action with them though as Chris Driedger played every minute in their run to the Calder Cup Final.  However, things haven’t gone as well for Stezka this year.  Through his first six appearances, he has put up a 3.61 GAA with a .881 SV%, only winning one of those outings.

This should be a short-lived recall for Stezka.  Goaltender Philipp Grubauer missed practice yesterday but took the morning skate today; he’s listed as day-to-day.  While it’s possible that Stezka will dress as the backup tonight, it’s likely that he’ll be sent back down after that, allowing them to exit LTIR and go back to banking cap space.

Pacific Notes: Kraken, Walman, Turcotte, Janmark, Stonehouse

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With another day off after losing to the Colorado Avalanche on November 5th, the Seattle Kraken have made a few transactions to shore up their cap space. The organization announced they reassigned Cale Fleury, John Hayden, and Ryan Winterton to their AHL affiliate, the Coachella Valley Firebirds, although all three are expected to return tomorrow.

Each of the trio has played in limited action at this point in the regular season as Fleury leads the pack with only two games played. Considering how close the Kraken are to the salary cap limit it’s likely not the last team these three will be papered down to the AHL this year.

On the injury front, Seattle won’t have Philipp Grubauer for the next few days with reports indicating he had an “unfortunate accident” at home (X Link). There weren’t specifics offered for Grubauer’s injury though it’s not expected to be long-term.

It’s not all bad news on the injury front for the Kraken as the team’s radio host Mike Benton shared that defenseman Vince Dunn is expected to begin skating soon. Dunn hasn’t played since October 17th after starting the year with one goal and three points in four games.

Other Pacific notes:

  • Defenseman Jake Walman was surprisingly listed as a healthy scratch for the San Jose Sharks’ most recent game against the Columbus Blue Jackets. However, this may not have been the full story with Max Miller of The Hockey News reporting Walman won’t play tonight due to an upper-body injury. He’s been a bright spot on the Sharks’ roster this season with nine points in 13 games while averaging 22:42 of ice time per game.
  • Los Angeles Kings’ manager of editorial content, Zach Dooley, reported earlier that forward Alex Turcotte will not play tonight due to an upper-body injury. Dooley noted that it’s not a head injury for Turcotte but he will still miss a second straight game. He’s only scored one goal and five points in 13 games this season but he has been one of the Kings’ most formidable players with a team-leading 3.6 E +/- according to Hockey Reference.
  • In more injury news from the Pacific Division, Edmonton Oilers’ reporter Tony Brar shared that Mattias Janmark is considered day-to-day with an undisclosed injury. There won’t be a major shakeup in Edmonton’s roster in Janmark’s absence with the veteran forward averaging under 13 minutes a night on the season.
  • Staying in Edmonton, the organization announced Brady Stonehouse had been activated from the season-opening injured reserve and loaned back to the OHL’s Ottawa 67’s. Stonehouse will begin his fourth season with the 67’s after signing his entry-level contract with the Oilers 13 months ago. In his first three years with OHL Ottawa Stonehouse has collected 75 goals and 136 points in 200 games.

Snapshots: Kraken, Woll, Svechnikov, Morrissey

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Vince Dunn is slated to return to the Seattle Kraken lineup on Wednesday, while Matthew Beniers is expected to remain out, team radio host Mike Benton relays. Both players have missed the last four games, and their absences have been felt – with Seattle losing all four and getting outscored 15-5.

Dunn lost the team’s leading scorer title to Oliver Bjorkstrand during his absences, with Bjorkstrand’s 36 points in 46 games cresting Dunn’s 35 points in 42 games. The 27-year-old Dunn still ranks 11th among the league’s defenders in scoring, on pace for a career-high 65 points in 78 games if he maintains this pace through the rest of the season – a mark that would just beat out the 64 points in 81 games he scored last season.

Hakstol also shared that goaltender Philipp Grubauer’s availability would be gauged in Wednesday night’s warmups. Grubauer has been out since December 9th with a lower-body injury. He’s managed five wins and a .884 save percentage in the 17 games he’s managed to appear in this season.

Other notes from around the league:

  • Maple Leafs head coach Sheldon Keefe told reporters including David Alter of Sports Illustrated that goaltender Joseph Woll will rejoin the team’s practices when they return from the All-Star break. Woll has been out since December 7th with an ankle injury. He was wrapped up in a race for Toronto’s starting position prior to his injury, setting eight wins and a team-leading .916 save percentage through 15 games. Woll will continue to make his case as an everyday NHLer when he returns, after entering the season with just 11 career games.
  • Andrei Svechnikov will miss the Carolina Hurricanes’ Wednesday night game with an upper-body injury, per team reporter Walt Ruff. Svechnikov has only appeared in 29 of Carolina’s 45 games this season but he ranks third on the team in scoring with 30 points, including 16 points over his last 10 games.
  • Jets defenseman Josh Morrissey left tonight’s game with a lower-body injury and will not return, per a team announcement. While he hasn’t been able to score at the same level as a year ago when he had 76 points in 78 games to finish fifth in Norris Trophy voting, he entered tonight with 33 points in 45 contests to lead all Winnipeg blueliners in scoring by 15 points over teammate Neal Pionk.

Seattle Kraken Activate Philipp Grubauer, Reassign Chris Driedger

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After being out with injury for nearly two months, Philipp Grubauer will make his return to the ice for the Seattle Kraken, as the team announced they had activated the netminder off injured reserve. In a corresponding roster move, the team has reassigned goaltender Chris Driedger to their AHL affiliate, the Coachella Valley Firebirds.

For most teams across the league, seeing the return of a goaltender only three years removed from being a Vezina Trophy finalist would be a tremendous boon to the organization. However, in the case of the Kraken, Grubauer’s access to the starting netminder position has exponentially lowered in his absence, as the emergence of Joey Daccord has kept the team afloat in the Western Conference playoff race.

Before Grubauer went down with injury in early December, he had played in a total of 17 games for Seattle, securing a 5-9-1 record, while producing a dismal .884 SV%. Since then, Daccord has confidently taken over the starting job for the Kraken, producing a 10-4-2 record in Grubauer’s absence, posting a remarkable .942 SV%.

Unfortunately for Seattle, they will now be spending a touch over $7MM on goaltending alone, with 83% of that cap space going to their projected backup goaltender. With only four points separating the organization from the final wild-card spot in the Western Conference, the salary cap hit from Grubauer’s contract will limit the team’s buying capacity when the trade deadline rolls around in early March.

In the case of Driedger, he was extremely underutilized by Seattle in Grubauer’s absence, only appearing in two games for the team along that stretch. He will now return to a Firebird team where he has seen a solid level of success this season, posting a 9-5-1 record in 15 games played, coupled with a .916 SV% and a 2.20 GAA.

Snapshots: Flyers, Grubauer, Pearson, Engvall, ECHL, Dionicio

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Flyers defensemen Sean Walker and Nick Seeler have been speculative trade candidates for most of the season as pending unrestricted free agents but with Philadelphia finding itself in a top-three spot in the Metropolitan Division, there’s a chance they may not move after all.  As Kevin Kurz of The Athletic notes (subscription link), that would be an outcome both blueliners would be quite pleased with as both have expressed an interest in remaining with the Flyers beyond this season.  Walker carries a $2.65MM cap hit and has 15 points in 44 games while logging over 20 minutes a night on the back end while Seeler makes the league minimum and is averaging more than 17 minutes a night.  Both players appear to be heading for raises on the open market next summer.

Elsewhere around the hockey world:

  • The Kraken moved goaltender Philipp Grubauer to LTIR before last night’s late recall of John Hayden, PuckPedia reports (Twitter link). Grubauer has been out for more than a month already so he’s eligible to be activated as soon as he’s cleared to return from his lower-body injury.  The 32-year-old has a 3.25 GAA and a .884 SV% in 17 starts so far this season.
  • Canadiens winger Tanner Pearson will accompany the team on its upcoming road trip as he works his way back from a hand injury, relays Sportsnet’s Eric Engels (Twitter link). The 31-year-old has missed more than a month with this latest hand issue after undergoing several surgeries last season.  Pearson has four goals and four assists in 27 games so far and is set to become an unrestricted free agent this summer.
  • The Islanders announced (Twitter link) that winger Pierre Engvall is listed as day-to-day with an upper-body injury. His first full season in New York hasn’t quite gone to plan as the 27-year-old has just five goals and nine assists in 41 games so far, hardly the type of performance they were expecting after giving him a seven-year, $21MM contract last summer.
  • The ECHL announced that it has approved the expansion application from Bloomington, Illinois to begin play in the 2024-25 season. The yet-to-be-named team will be the 30th squad at that level.  The ECHL has affiliation agreements with 28 of 32 NHL teams this season, a number that could very well go up as a result of this news.
  • Ducks prospect Rodwin Dionicio is having a breakout year in the OHL and had a strong showing at the World Juniors but it appears an entry-level deal won’t be coming his way anytime soon. Instead, EHC Biel-Bienne in Switzerland announced that they’ve inked the blueliner to a three-year contract which will begin next season.  Anaheim has until June 1, 2025 to sign the 19-year-old who has 31 points in as many games at the junior level this season but will they want to commit two seasons of that contract to someone who will be playing overseas?  That’s a decision GM Pat Verbeek will have to ponder down the road.

Injury Notes: Grubauer, Coyotes, Hedman

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Seattle Kraken netminder Philipp Grubauer has not played in the team’s last two games, and today head coach Dave Hakstol told the media, including team reporter Alison Lukan, that Grubauer’s status is considered week-to-week. The result of Hakstol’s announcement is that Grubauer’s availability for the Winter Classic in Seattle is now in question.

A former Vezina Trophy finalist, Grubauer has split starts this season with Joey Daccord. Grubauer’s form since signing a $5.9MM AAV contract with the Kraken has been poor, and this season has been no different. He has a .884 save percentage, a decline from the .895 mark he posted the year before. With Grubauer out, the Kraken will turn to a tandem of Daccord and Chris Driedger.

Some other injury notes from across the NHL:

  • PHNX Sports’ Craig Morgan reported three injury updates from Arizona today: forward Nick Schmaltz is injured and will be a game-time decision for Friday’s game, defenseman Sean Durzi is unlikely to play that game due to injury, and injured forward Jack McBain, who has not played in over a month, is expected to return to the ice. The best news of this trio is undoubtedly the return of McBain. The 23-year-old physical center scored 12 goals and 26 points in his rookie season last year, registering 304 hits along the way, which ranked second among all forwards. He had scored a healthy seven points in 13 games before getting injured in November.
  • Bally Sports Florida’s Gabby Shirley reports that 2018 Norris Trophy winner Victor Hedman will not play in tonight’s game against the Edmonton Oilers due to an upper-body injury. It’s unclear if Hedman will miss more time beyond tonight’s game. The legendary 32-year-old defenseman has been one of the league’s best defensemen this season, scoring 27 points in 29 games. Without Hedman in their lineup, the struggling Lightning will face a tall task attempting to beat the Oilers, as Edmonton is riding an eight-game winning streak.

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