How Do Recent Extensions Impact Igor Shesterkin’s Market?
Since October 1st, Boston Bruins’ Jeremy Swayman, Dallas Stars’ Jake Oettinger, Ottawa Senators’ Linus Ullmark, and Seattle Kraken’s Joey Daccord have all signed sizeable multi-year contracts with their respective teams. The ‘white whale’ of them all, Igor Shesterkin, is looking to become the highest-paid goaltender of all time and it will be interesting to see the impacts of the recent deals on his market.
Shesterkin recently rejected an eight-year, $88MM contract offer from the New York Rangers and is reportedly seeking a higher salary than teammate Artemi Panarin‘s $11.643MM AAV. It’s clear that he’s seeking a $96MM deal but could go as low as $94MM just to ensure he becomes the highest-paid member of the organization.
The recent comparables to Shesterkin are that of Swayman, Oettinger, and Ullmark’s contracts although many would argue he is in a league of his own. Each netminder signed for an $8.25MM salary with the first two garnering max term. There is a very reasonable argument that Shesterkin is better than each netminder listed but is he that much better to justify a nearly 50% raise on some of the better goaltenders in the league?
An eight-year contract for Shesterkin would take him to his age-37 season while the contracts given to Swayman and Oettinger will take them to 33 and 34, respectively. Shesterkin debuted in the 2019-20 season while Oettinger and Swayman debuted a year later. He leads the trio in wins, save percentage, and hardware while Swayman holds the lead in goals-against average.
He’s failed to backstop the Rangers to a Stanley Cup Final to this point but he has made two Conference Final appearances while the combination of Swayman and Oettinger have only reached one. His case for being the best goaltender in the game is a solid one but it’s going to be difficult for the Rangers to give him a $12MM salary despite the accomplishments. New York’s contention window begins and ends with Shesterkin between the pipes but they’ll still need financial flexibility to put complimentary pieces around him.
Shesterkin’s main argument, especially concerning Oettinger, is the ever-growing issue of income tax-free states. Doing some low-stakes math, David Pagnotta of The Fourth Period asserted earlier that Oettinger’s take-home pay in Dallas, TX would be approximately $5.22MM after taxes while a $12MM salary for Shesterkin in New York City, NY would net him around $5.29MM. Factoring in the cost of living in New York compared to Dallas one could reasonably ascertain Shesterkin’s justification for his asking price.
At the end of the day, because Shesterkin is such a needle-mover between the pipes, one team will likely step up and give him $12MM a year on a max-term contract. There are few present concerns that the contract won’t be with the Rangers but the recent goaltender contracts may drive a further wedge between the two parties.
East Notes: Liljegren, Shesterkin, Volokhin, Brandsegg-Nygard
While there has been some trade speculation surrounding Maple Leafs defenseman Timothy Liljegren, TSN’s Darren Dreger reports (Twitter link) that there is no imminent move on the horizon. Toronto is currently carrying eight blueliners while also having offseason additions Jani Hakanpaa and Dakota Mermis on LTIR so their depth is in decent shape, something Dreger notes Toronto likes. However, while having strong depth is one thing, having a healthy scratch making $3MM through next season isn’t ideal. Still just 25, Liljegren has nearly 200 career NHL regular season games under his belt and is coming off a season that saw him collect 23 points in 55 games while logging nearly 20 minutes a night. Accordingly, it wouldn’t be surprising to see some trade interest in him in the coming weeks, especially if a team gets hit with some injuries on the back end. If not, they may still need to make a move in a few weeks as some of their injured players potentially return.
More from the Atlantic:
- On the heels of Igor Shesterkin declining an eight-year, $88MM extension offer from the Rangers, Larry Brooks of the New York Post suggests that the goaltender is asking for $12MM per season. Recognizing the team might not go that high, the 28-year-old wants to be the highest-paid player on the team which means he might decline anything below the $11.643MM AAV that Artemi Panarin has on his deal. Shesterkin has a career 2.42 GAA and a .921 SV% in 214 games at the NHL level and will soon be the highest-paid goalie in league history with the offer he declined already coming in higher than Carey Price’s $10.5MM per season.
- Canadiens goaltending prospect Yevgeni Volokhin has been loaned to HK Sochi, per an announcement from the KHL club. SKA St. Petersburg acquired his rights earlier this week but will let the 19-year-old get his feet wet at the top Russian level elsewhere for the time being. Montreal drafted Volokhin in the fifth round in 2023, going 144th overall. He was one of the top netminders at their junior level last season, posting a 1.57 GAA with a .938 SV% in 31 games with Mamonty Yugry and has similar numbers (1.95 and .931 respectively) in eight appearances at the MHL level this year.
- The Red Wings wanted to assign prospect Michael Brandsegg-Nygard to AHL Grand Rapids but the first rounder and his camp insisted on him being assigned back to Sweden, relays Norren’s Robin Lindgren (Twitter link). The 19-year-old spent last season with Mora in the second-tier Allsvenskan level where he had 18 points in 41 games but his rights are now held by SHL Skelleftea. It’s believed that Brandsegg-Nygard feels that playing at the top level in Sweden will be better for his development than suiting up for the Griffins in the minors.
Report: Igor Shesterkin Rejected Eight-Year, $88MM Extension Offer
The Rangers will have to pay a historic amount to keep their star netminder off next year’s unrestricted free agent market. Igor Shesterkin has rejected an eight-year extension offer from the Blueshirts worth $88MM, reports Kevin Weekes of ESPN. The deal would have made him the highest-paid goaltender in NHL history.
Not only is Shesterkin the highest-profile goaltender set to be available in free agency next summer, he would be the highest-profile goaltender to hit UFA status in the salary cap era. But there’s a clear interest from the player’s side to remain in New York. They’ve been in contract talks since at least August, although a report from the New York Post’s Mollie Walker back in June indicated Shesterkin was likely looking for a $12MM price tag per season on an eight-year extension.
If Shesterkin and agent Maxim Moliver have held to that figure, then there’s still a $1MM gap to bridge between the Rangers and the 28-year-old. Walker wrote last month that Shesterkin would stop contract negotiations once the regular season started, so if there isn’t significant movement before New York opens its season in Pittsburgh tomorrow night, Rangers general manager Chris Drury will have the entire 82-game schedule to ponder whether he’s willing to shell out the additional cash to keep Shesterkin in Manhattan.
All signs up to this point indicate the Rangers were and still are willing to give Shesterkin the richest goalie contract ever, eclipsing Carey Price‘s eight-year, $84MM extension with the Canadiens. That obviously hasn’t changed considering their $88MM offer, but Frank Seravalli of Daily Faceoff’s report last month that the Rangers were “unfazed” by Shesterkin’s unwillingness to negotiate during the season suggests they anticipated being able to get him to come down slightly from his $12MM AAV ask.
It’s certainly a gamble on Shesterkin’s part to reject the offer. He now essentially controls his destiny with his performance this season. A second career Vezina nomination likely cements his ability to land north of $12MM annually on the open market, while a still elite but more inconsistent showing like last year’s (.912 SV%, 2.58 GAA, 14.2 GSAA) likely keeps him in the 11s.
While the markets are completely different for skaters and goaltenders, it’s clear Shesterkin is looking to capitalize on an expected run of inflated contracts for franchise cornerstones after the Oilers forked over $14MM annually to keep Leon Draisaitl on an eight-year extension, the richest contract since the 2012 lockout. The Bruins signing restricted free agent netminder Jeremy Swayman to an eight-year, $66MM deal over the weekend likely helps Shesterkin’s case as well. The Russian has superior career regular-season and playoff numbers to his Eastern Conference counterpart and has started 50-plus games in each of the last three seasons – something Swayman’s never done.
Simply put, losing Shesterkin in the middle of their championship contention window is not an option for the Rangers, who have been a much more pedestrian possession club at even strength than you’d expect, given their record over the past few years. Shesterkin has saved 82.38 goals above expected over the past three years, per Evolving Hockey, second to only Jets star Connor Hellebuyck. He stopped 86.58 in that frame but logged 24 more games played. There’s an extremely strong argument that he’s the league’s best goaltender, and there’s nothing resembling a succession plan in the Rangers’ prospect pipeline.
With more clarity on next year’s salary cap likely to come as the season progresses, Drury may be more willing to allocate the money needed to keep Shesterkin when the season wraps up. However, a successful season for the Rangers results in a Stanley Cup Final appearance, which would leave only a few days for Drury and Shesterkin’s camp to work out a deal if he remains unwilling to negotiate while game action is ongoing.
Metro Notes: Shesterkin, Rangers Injuries, Sandin
After a report yesterday indicated New York Rangers’ all-star goaltender Igor Shesterkin wouldn’t negotiate an extension during the season it doesn’t appear the organization is too worried. Frank Seravalli of Daily Faceoff said as much as he reported the Rangers’ front office was ‘unfazed’ by the reported deadline and still has Shesterkin as their top priority.
Seravalli also shares that New York is expected to pay Shesterkin more than Carey Price‘s AAV of $10.5MM which has been widely known up to this point. Price signed his current eight-year, $84MM contract in July of 2017. He had already won one Vezina Trophy along with five other top-10 finishes, had a .540 win percentage, a .920 save percentage, and a 2.40 goals-against average.
Shesterkin will have had half a decade less experience than Price by the time he signs his next deal although they will be of similar age. The Russian netminder holds a similar line of one Vezina Trophy with two other top-10 finishes, a .649 wpc%, .921 SV%, and a 2.43 GAA. Price may have the edge for overall production by the time he earned his big payday but given that the contract was signed over seven years ago, a $12MM asking price doesn’t appear too off base.
Other Metro notes:
- Sticking at Madison Square Garden, Colin Stephenson of Newsday Sports shares a few injuries to the Rangers’ lineup during preseason action. Stephenson reports defenseman Matthew Robertson is nursing a mild lower-body injury while fellow youngsters Talyn Boyko and Ryder Korczak have upper-body injuries. All three are expected to contribute to the AHL’s Hartford Wolf Pack this season with Robertson and Korczak combining for 41 points last year. Being a goaltender, Boyko is much more of a fringe case to make the team as he may suit up for the ECHL’s Cincinnati Cyclones for most of his starts.
- The Washington Capitals are set to regain one of their more consistent defensemen from last season. Bailey Johnson of the Washington Post reports defenseman Rasmus Sandin‘s visa issues have been resolved and he is headed to Washington, D.C. shortly. He will need some time to recalibrate after being stuck in Sweden for most of training camp but it will be a major boost to the Capitals’ blue line. Sandin has scored six goals and 38 points in 87 games while averaging over 21 minutes of ice time per game for Washington since the team acquired him from the Toronto Maple Leafs during the 2022-23 NHL season.
Shesterkin Won’t Negotiate Extension During Season
Mollie Walker of the New York Post confirmed today that All-Star netminder for the New York Rangers, Igor Shesterkin, would not negotiate an extension with the organization during the regular season. There hasn’t been any major news regarding a potential extension for Shesterkin which means the Rangers have a lot of ground to gain before their season opener in just over two weeks.
Walker also confirmed Shesterkin was seeking a $12MM AAV on his next contract, indicating New York would not be getting any hometown discount. It’s reasonable to assume the Rangers are content with making Shesterkin the highest-paid goaltender in NHL history. Still, other players need contracts for next season which may affect Shesterkin’s negotiations. New York will have roughly $33.8MM in cap space next summer if the salary cap reaches $92MM according to PuckPedia but will need to re-sign Shesterkin, Kaapo Kakko, Alexis Lafreniere, William Cuylle, Ryan Lindgren, and K’Andre Miller.
Many industry experts expect the Rangers to move on from the last year of captain Jacob Trouba‘s contract by next offseason which should open up another $8MM in salary cap space. Even assuming the team clears Trouba’s $8MM salary for next season there may be too many question marks remaining to commit $12MM a year to Shesterkin.
It’s difficult to argue from the standpoint of New York that Shesterkin hasn’t earned $12MM a year either. Over the last five years, he’s recorded a 135-59-17 record in 208 starts while posting a .921 save percentage and 2.43 goals-against average including one of the greatest individual seasons in goaltending history in 2021-22. He’s still only 28 years old meaning a max-term extension would take him through his prime into his age 37 season.
Shesterkin was outspoken about his desire to stay with the organization a few days ago when he said, “I love the organization. I love the team. I love the fans. So, of course, it would be great to stay here, but you never know what can happen“. The Rangers’ murky cap situation for next summer will certainly cut to their disadvantage if they can’t come to terms before October 9th.
Since Shesterkin and his camp are committed to earning the largest payday for any netminder in NHL history, the Rangers will have plenty of competition for his services if he makes it to free agency. There are currently only six teams projected to have lower than $12MM in cap space heading into the 2025-26 offseason which means any team with a long-term need for help in the net will be calling on Shesterkin.
New York still has 16 days from today to negotiate with Shesterkin before he blocks out any distraction for the 2024-25 NHL season. They will also have a small window between the last possible day of the Stanley Cup Final (June 23, 2025) and the opening of free agency (July 1, 2025) to sign Shesterkin to a long-term contract.
Morning Notes: Shesterkin, Ovechkin, Chychrun, Clifford
Superstar goaltender Igor Shesterkin spoke highly of the Rangers organization, but added that you never know what can happen, when asked about his looming contract year shares Mollie Walker of the New York Post. Talks around Shesterkin’s next deal will be the contract negotiations to watch this season, likely to be the deal that sets the bar for goalie salaries.
That’s an apt responsibility for Shesterkin, perhaps the best goalie in the NHL. He’s coming off yet another strong season, posting 36 wins and a .913 save percentage in 55 starts – a stat line that ranked second, eighth, and 10th among the league’s goalies respectively. Those are dazzling numbers, but actually marked a career-low year for the 28-year-old, who managed a higher save percentage in each of his previous four seasons. That includes his Vezina-winning 2021-22 campaign, when Shesterkin set the second-highest save percentage since 2000 – a .935 in 53 games, then only behind Tim Thomas’ 2010-11 campaign, though Linus Ullmark has since split the bunch.
Either way, the down year is much more a testament to Shesterkin’s greatness than a sign of decline. Even at his worst, he sits among the absolute best goalies in the league. The Rangers will have the dreaded task of paying for that value next summer. They may need to prepare for a deal north of $10MM annually – which would put a second eight-figure man on the Rangers roster, next to Artemi Panarin.
Other notes from around the league:
- The Washington Capitals returned forward Alex Ovechkin and defender Jakob Chychrun to the practice ice early this morning, looking to catch both players up after Ovechkin missed parts of training camp with a small injury, while Chychrun faced an illness shares NHL.com’s Tom Gulitti. Both players could be headed for top-line roles this season, making their conditioning a top priority for the playoff-hopeful Capitals. Ovechkin in particular will be the focus of the hockey world this year, sitting just 42 goals back from breaking Wayne Gretzky’s scoring record. He’s hit that scoring mark on 13 different occasions, including as recent as the 2022-23 campaign. That record, and their role in Washington’s long-term success, will make Ovechkin and Chychrun two names to watch closely through the rest of the Capitals training camp.
- Veteran bruiser Kyle Clifford has been designated as day-to-day with an upper-body injury, shares David Alter of The Hockey News. Clifford signed a minor-league deal with the Toronto Marlies last month, giving him room to join yet another Maple Leafs training camp. He’ll be working towards his 15th professional season when he returns from injury. Last season marked the first year of that career where Clifford didn’t earn NHL ice time, though he stayed true to form with 140 penalty minutes in 53 AHL games.
Snapshots: Sharks, Shesterkin, Perfetti, Clutterbuck
The San Jose Sharks have rounded out their kinesiological staff with the hiring of Will Leonard as head athletic trainer, Ryan Ledwon as assistant athletic trainer, and Patrick Dugan as assistant strength and conditioning coach according to beat reporter Max Miller.
Leonard will take over as the team’s second athletic trainer for the team since the 1997-98 season. The position was previously held by Ray Tufts who was relieved of duties the same day as former-head coach David Quinn on April 24th of this year. Leonard had previously served as the head athletic trainer for the AHL’s San Jose Barracuda before working under Tufts for the last two years with the Sharks as an assistant athletic trainer.
Ledwon and Dugan are rookies to the organization with the former having experience in his role with the AHL’s San Diego Gulls of the Anaheim Ducks organization. Dugan’s new role with the Sharks will be marked as his first position in professional hockey.
Other snapshots:
- All signs point to Rangers goaltender Igor Shesterkin eclipsing the retired Carey Price to become the league’s highest-paid goalie, Elliotte Friedman of Sportsnet said on Friday’s “32 Thoughts” podcast. If that’s the case, his inevitable extension to keep him off the free agent market in 2025 will check in with a cap hit north of $10.5MM. The Rangers already have over $58MM tied up for 2025-26 with only 10 players signed, per PuckPedia.
- Jets RFA Cole Perfetti may still be without a contract, but the young forward has returned to Winnipeg to train before hopefully signing a new deal before training camp, Darren Dreger of TSN reports. Dreger adds that Perfetti, 22, still intends to represent the Jets at next week’s player media tour in Las Vegas, even if he doesn’t have a deal. Multiple Winnipeg-based pundits have posited a two-year bridge deal is the most likely outcome. However, David Pagnotta of The Fourth Period said yesterday that Perfetti’s camp is still awaiting a firm offer from the Jets.
- Free agent winger Cal Clutterbuck has spurned PTO offers as he continues to search for guaranteed employment next season, reports James Nichols of New Jersey Hockey Now. Clutterbuck, who turns 37 in November, is on the open market after spending the last 11 years in an Islanders uniform, plying his trade as a valuable fourth-line checking presence. The 2006 third-round pick of the Wild played in all 82 games last season for the first time in his 17-year NHL career, posting seven goals and 12 assists for 19 points.
PHR’s Brennan McClain contributed to this article.
Igor Shesterkin, Rangers In Extension Talks
The 2024-25 goalie free-agent class may take a major hit in the coming weeks as the New York Rangers continue engaging Igor Shesterkin in extension negotiations. Shesterkin was recently asked about the prospect of a new deal with the Rangers in an interview with RG.org where he said, “My agent, Maxim Moliver, is talking to the general manager. I can’t say anything else. For me, the most important thing now is preparing for the season and being 100% ready mentally and physically. An exciting season is ahead, and the agent will discuss the contract“.
Shesterkin is letting his agent do most of the heavy lifting like many players of his caliber. The 28-year-old Russian netminder is coming off a tremendous five years in New York with a 135-59-17 record in 208 starts with a .921 save percentage and 2.43 goals against average. Shesterkin is seeing his four-year, $22.67MM contract expire after the 2024-25 NHL season where he would become the best free-agent goaltender in some time.
According to HockeyReference, Shesterkin holds similar similarity scores to goaltending greats such as Roberto Luongo, Connor Hellebuyck, and Sergei Bobrovsky through the first five years of their career. All three netminders landed handsome contracts throughout their career and Shesterkin is set to match or exceed their salary markers on his next contract.
The Moscow native will surely be looking for north of $8.5MM season given that Helleybuyck landed an $8.5MM AAV over seven years last summer with the Winnipeg Jets. A few months ago, Dom Luszczyszyn of The Athletic speculated that Shesterkin could seek as high as $12MM a year to set a new yearly average for goaltenders. The Rangers could theoretically shell out that asking price but have several other contracts to work through next summer, as well.
Realistically, Shesterkin should land anywhere between $9MM-$11MM annually with Evolving-Hockey predicting a $9.455MM salary on an eight-year deal. With Shesterkin’s agent handling most of if not all the extension negotiations, these talks could drag on well into the 2024-25 NHL season. Nevertheless, the Vezina-trophy-winning goaltender has confidence it will get done before he can hit the open market next offseason.
Metro Notes: Shesterkin, Necas, Mercer
Dom Luszczyszyn of The Athletic speculated about how much goaltender Igor Shesterkin will be paid on his next contract with the New York Rangers. The 28-year-old is eligible to sign an extension on July 1st and given his play the last few seasons and his importance to the Rangers, it will likely be a record-breaking deal for a goaltender.
Shesterkin is reportedly looking for an AAV of $12MM, while most of the models Luszczyszyn uses to show his value are in the range of $9MM – $12MM annually. Given the volatility of the goaltending position, it’s fair to believe that Shesterkin could live up to a $12MM salary in some seasons of the deal, however, as he enters his 30s, it’s possible his play could fall off as it often does with goaltenders on the back half of their career.
In other Metropolitan Division notes:
- TSN’s Pierre LeBrun tweeted that a few teams around the NHL are wondering if an offer sheet is a possibility for Carolina Hurricanes forward Martin Necas. Carolina’s ask for the 25-year-old remains quite high, and the team has reportedly talked to almost every team around the league. Necas is a two-time 20-goal scorer who posted 24 goals and 29 assists in 77 games last season. The former first-round pick is a restricted free agent after making $3.5MM last season and will likely sign a lucrative long-term deal whether it’s an offer sheet or otherwise.
- Dawson Mercer was reportedly never part of the New Jersey Devils trade for goaltender Jacob Markstrom (as per Elliotte Friedman on The Jeff Marek Show). There was speculation that the 22-year-old was offered at one point, but Friedman poured cold water on that rumor saying that he had multiple sources tell him that the former first-round pick was never in the trade. Mercer took a step back last season but is just a year removed from posting 27 goals and 29 assists in 82 games.
East Notes: Shesterkin, Marner, Senators
Rangers goaltender Igor Shesterkin is extension-eligible this summer as he’ll be entering the final year of his contract in July. It’s well-known he’s in line for a sizable raise from his current $5.667MM AAV; Mollie Walker of the New York Post posits that it’s possible the 28-year-old doubles that amount. She pegs $10.5MM as the likely floor for discussions, an AAV that would match Montreal’s Carey Price for the all-time record price tag for a goalie. Considering that deal was signed back in 2017, the equivalent cap percentage today would be $12.32MM so it wouldn’t be surprising to see Shesterkin’s camp come in around that number for their initial ask. He posted a 2.58 GAA and a .912 SV% in 55 starts during the regular season but was quite strong in the playoffs, improving those numbers to 2.34 and .936 respectively in 16 starts.
More from the Eastern Conference:
- While Maple Leafs winger Mitch Marner has been a speculative trade candidate following their opening-round playoff exit, Chris Johnston of TSN and The Athletic reported on his latest SDPN podcast (video link) that the team has not fully committed to the idea of trying to move him just yet. The 27-year-old had another productive regular season that saw him record 85 points in 69 games but struggled in the playoffs, notching just a goal and two assists in their seven-game loss to Boston. He’s entering the final year of his contract, one that carries a $10.903MM cap charge although it’s worth noting that with a full no-move clause, it’s Marner that will ultimately decide his next destination or even if there will be a next destination in the coming months.
- With their NHL coaching staff now finalized, the Senators are turning their focus to AHL Belleville, reports Postmedia’s Bruce Garrioch. Head coach David Bell’s contract is set to expire at the end of the month although discussions on a new agreement are now underway. GM Steve Staios indicated that he hopes to get things finalized for their farm team within the next few days.