The Lightning announced they’ve signed defenseman Ryan McDonagh to a three-year extension. The deal, which keeps him in Tampa through the 2028-29 season, is worth $12.3MM for an average annual value of $4.1MM. Instead of testing the unrestricted free agent market next summer, he’ll stay with the club where he won championships in 2020 and 2021.
It’s a nice gift for the veteran rearguard, who remains out with an undisclosed injury that’s kept him out of the lineup for over three weeks. While the deal takes him through his age-39 season, McDonagh has so far defied the aging curve. He was arguably the NHL’s top shutdown defenseman last season, posting a league-high +43 rating and controlling 51.9% of expected goals at 5-on-5 despite seeing 264 defensive zone starts compared to 160 offensive zone starts. On top of that, his 4-27–31 scoring line remained nearly in line with his career average and marked the eighth time in his 16-year career that he’s crossed the 30-point plateau.
That was McDonagh’s first season back in Tampa after a two-year absence. Following their third straight trip to the Stanley Cup Final in 2022, a loss to the Avalanche, he had completed the third year of the seven-year, $47.25MM extension he signed with the Bolts in 2019. He was still viewed as a high-end top-four piece at the time, but his offensive production had taken somewhat of a hit since signing the extension. He was coming off a career-best 46 points in 82 games and an eighth-place finish in Norris Trophy voting before the deal went into effect, but he averaged just four goals and 24 points per 82 games over the following three seasons. That led Tampa to make him and his $6.75MM cap hit a cap dump under a still relatively flat cap environment, asking him to waive his no-trade clause. He accepted a move to the Predators, who brought him in at full price in exchange for a pair of depth skaters.
McDonagh’s play in Nashville was more of the same steady, two-way hockey that the former Rangers captain has played from the start. Across two years with the Preds, he racked up 52 points and a +31 rating in 145 games, serving as their top penalty killer and averaging more than 21 minutes of ice time per game. In the 2024 offseason, the Lightning, armed with more cap flexibility, needed repair on the blue line after allowing 3.26 goals per game, their worst defensive performance in 12 years. The Predators were happy to return McDonagh to the Bolts, landing a second-round pick for their trouble after acquiring him for nothing of value.
The 36-year-old still looked like a natural fit in a top-four workload before sustaining his injury in a game against the Capitals on Nov. 8. Through 15 appearances, he was averaging 20:10 of ice time per game – a figure brought down by his early departure from the Washington outing – and had rattled off three goals and three assists for six points with a +1 rating. His usual even-strength pairing with Erik Černák also serves as the Bolts’ top shorthanded duo.
Under the hood, there’s very little cause for concern. McDonagh is perhaps the best case study in the league for quality over quantity on defense. He’s still receiving an extremely skewed workload toward the defensive zone at 5-on-5. Naturally, that means he’s getting shelled in shot attempts, only controlling 49.4% of them to rank fifth-worst among Bolts skaters with at least 10 appearances. The shot attempts they’re allowing with him on the ice, though, amount to a high volume of low-danger chances. McDonagh’s 58.0% share of expected goals at 5-on-5 ranks fifth-best on the Lightning. They also only allow 8.8 high-danger chances per 60 minutes with McDonagh on the ice at 5-on-5, which is also the fifth-best mark on the team.
With that type of value, the Lightning understandably wanted to make sure the steady McDonagh was retained behind an also-aging Victor Hedman as they squeeze what they can out of their championship contention window. At a significant discount that’s just a few ticks over the league-average salary, getting him locked in without submitting to a crushing contract length that takes him into his 40s is also a real win for Tampa GM Julien BriseBois.
Barring trades, the Bolts’ defense is virtually locked in for next season. Alongside McDonagh, Hedman, Černák, Emil Martinsen Lilleberg, and Maxwell Crozier are also signed through at least next year on one-way deals, while breakout defender J.J. Moser is a pending restricted free agent and will be back. They also boast one of the most advantageous cap situations in the league, particularly for a team in win-now mode. With a total cap commitment of $81.92MM on the books for 2026-27 to 20 roster players, that leaves them over $22MM in projected space to fill just three spots, per PuckPedia.
Image of Kim Klement Neitzel-Imagn Images.
That solid deal
I’m quite pleased with this signing in keeping Ryan McDonagh as he’s shown, he’s a steady shutdown defender and quite arguably one of, if not, the best shutdown defender in the league. His leadership is so highly valued in the locker room. Also, at $4.1M AAV, that’s not going to have much impact on their cap situation especially since the cap is rising for the foreseeable future. Props to GM Julien BriseBois in getting this matter squared away.