The Flames have signed goaltender Devin Cooley to a two-year extension, according to his agent, Gold Star Hockey’s Dan Milstein. The deal carries an average annual value of $1.35MM for a total value of $2.7MM, Chris Johnston of TSN and The Athletic reports.
Few goaltenders have seen their stock rise since training camp as much as Cooley’s has. The 28-year-old entered Calgary’s camp with just six games of NHL experience to his name, coming with the Sharks in the 2023-24 season. He was viewed as a challenger, but not the favorite, to Russian free agent pickup Ivan Prosvetov to begin the season as Dustin Wolf’s backup.
Neither performed exceptionally well in the preseason, leading Calgary to opt to keep Cooley and waive Prosvetov – a move made more out of familiarity than anything else. He’s in the back half of a two-year, league minimum deal he signed as an unrestricted free agent in 2024 and served as the starter for the AHL’s Calgary Wranglers last season, going 21-17-7 with a .905 SV%, 2.94 GAA, and three shutouts en route to an All-Star Game nod.
Not only has Cooley since emerged as one of the better backup options in the league, but he’s also outperformed Wolf by a significant margin – albeit in a lesser workload. In 10 starts and three relief appearances, he’s 11th in the league in save percentage (.914) and goals against average (2.40). He is second in the league with 1.046 goals saved above expected per 60 minutes among qualified netminders (≥12 GP), per MoneyPuck.
As Wolf continues to recapture his game following his spectacular rookie effort, he’ll have Cooley as a fine No. 2 option behind him at a highly affordable cap hit. The 28-year-old Cooley, instead of testing free agency next summer, locks in early to land the first six-figure cap hit of his career.
Image courtesy of Walter Tychnowicz-Imagn Images.