Free Agent Profile: Alexandar Georgiev

Despite posting solid career numbers and demonstrating the ability to step up as a number one goaltender when needed, free agent Alexandar Georgiev is coming off the worst season of his career, which has made his NHL future uncertain. Split between the Colorado Avalanche and San Jose Sharks, last season Georgiev posted a less-than-desirable 7-19-4 record to go along with a .875 save percentage and 3.71 goals against average.

While that performance may be enough to keep Georgiev from getting a guaranteed deal in the NHL, it’s far below his otherwise solid career numbers. Given that the Bulgaria native is still 29 years old, he could still generate interest from a team in need of an experienced backup or simply someone to provide organizational depth.

Georgiev also isn’t far removed from significant success in the league. In the 2022-23 and 2023-24 seasons, he combined for 78 wins with Colorado, leading the league in victories both years and earning his first career All-Star selection. His performance during the 2022-23 season, in which he posted 40 wins and a .918 save percentage, earned him a seventh-place finish in Vezina Trophy voting. That success makes last season’s steep decline all the more puzzling, and may be enough for a team to view last season as more of a one-off.

Stats

2024-25: 49 GS, 7-19-4, 1152 SV, .875 SV%, 3.71 GAA, 0 SO, 2671 MIN, .362 QS%
Career: 288 GS, 151-108-26, 7,892 SV, .903 SV%, 2.99 GAA, 15 SO, 17,010 MIN, .500 QS%

Potential Suitors

At this point in the process, most teams have a clear idea of who their starter and backup will be for next season. However, teams not fully comfortable with their backup situation may take a chance on Georgiev bouncing back from his difficult 2024-25 campaign.

One of Georgiev’s former employers may fit this bill. The New York Rangers — where he began his career — currently have 39-year-old Jonathan Quick set to back up star Igor Shesterkin. While the Rangers do have prospect Callum Tung waiting in the wings, the 21-year-old will need another year of development in the AHL. Adding Georgiev could provide valuable depth within the organization, offering a veteran presence to mentor Tung and someone they can rely on in case of injury.

Teams not expecting to contend next season could also take a run at Georgiev, hoping he can revitalize his career, potentially making him a valuable trade asset come the deadline in March. However, those same teams might be better off giving opportunities to prospects looking to establish themselves in the league.

Projected Contract

Georgiev just finished the final year of his three year, $10.2MM contract, which came with a $3.4MM AAV. Unless he experiences a complete resurgence, those kinds of numbers are unlikely to come around again for Georgiev. For now, he’d likely be open to any one-way deal, even if it’s at the veteran minimum. At this stage of the offseason, no option is off the table, including a two-way contract, a PTO, or even a return to Russia, where he began his pro career and holds dual citizenship.

Photo credit: D. Ross Cameron-Imagn Images