Sabres Sign Devon Levi To Two-Year Deal

The Sabres announced that they have signed restricted free agent goaltender Devon Levi to a two-year deal. It’s a cap hit of $812,500, presumably paying him a league-minimum salary in each of the next two years on a one-way deal for a total value of $1.625MM.

Levi, 23, was Buffalo’s last unsigned RFA. The promising netminder had little to no leverage in contract talks this summer as a dual-threat 10.2(c) player – not only was he ineligible to file for salary arbitration, he was also ineligible to receive and sign offer sheets.

His time in the Sabres organization has been marked by a clear disconnect between his NHL and minor-league performances. Overall, he has 39 NHL appearances (36 starts) to his name over the last three years, underwhelming with a 3.29 GAA and .894 SV%. Those numbers are even propped up by a strong showing in his first taste of NHL action in late 2023; he only has a .892 SV% in the last two seasons with a subpar .448 quality start percentage.

Combining that with his excellent performance with the AHL’s Rochester Americans over the last two seasons has put him in an odd spot between being a true No. 2 or No. 3 on the Sabres’ depth chart. He’s logged 68 games for the Amerks since the beginning of 2023-24, posting a .922 SV% and 41-19-10 record with seven shutouts. He’s arguably been the league’s best goalie during that time, usurping the Flames’ Dustin Wolf after he landed a full-time NHL gig.

Those numbers come on the back of Levi serving as the best goalie in college hockey for two seasons with Northeastern, making his ceiling all the more tantalizing. Initially a 2020 seventh-round pick by the Panthers from the Carleton Place Canadians of the CCHL, a junior ’A’ league, he had a coming-out party with Canada at the following year’s World Juniors and was eventually traded to Buffalo in the Sam Reinhart deal. In his two years with Northeastern before turning pro with the Sabres, he posted a .942 SV% and 16 shutouts in 66 games and was given the Mike Richter Award as the NCAA’s top goaltender both times.

The Sabres were hoping Levi could take a significant step forward in his development last season, even waiving veteran James Reimer at the beginning of the year to make Levi the opening-night backup. He had just a .870 SV% through his first seven games before Buffalo was able to reclaim Reimer off waivers from the Ducks, allowing them to return Levi to the AHL. He only made two more NHL appearances the rest of the way for a 2-7-0 record, .872 SV%, 4.12 GAA, and -8.0 goals saved above expected, per MoneyPuck.

That undoubtedly left a sour taste in the Sabres’ mouth and left them unwilling to dole out a contract with a seven-figure cap hit, something we’ve seen teams do with high-ceiling but unestablished netminders to try and squeeze some value out of them while they’re breaking out into NHL minutes. For Levi, it’s not as if he had much choice if he wants a legitimate chance to fight for an NHL job in camp and leapfrog veteran Alex Lyon, who the Sabres signed in free agency as veteran insurance, as Ukko-Pekka Luukkonen’s backup to begin the year.

His lack of leverage in talks means a league-minimum deal if he cracks the NHL roster. Still, he’ll at least be much more well-compensated if he returns to Rochester after spending the last two seasons under the two-way structure of his entry-level contract.

Image courtesy of Timothy T. Ludwig-Imagn Images.