Confirmed Signing with Link: [WSH] G Logan Thompson signs extension with the Capitals (6 years, $5.85M AAV)

I guess I'm happy for the player but I just cringe at the contract in a vacuum. Not sure how many examples of goalie contracts becoming albatrosses there needs to be before GMs stop doing it but I guess there hasn't been enough.
The alternative is signing guys to one-year, show-me deals every summer. Sure, it can work out very nicely, now and again, as it did in this case. Yet how likely is it to work six years in a row, with six new guys looking to prove they're top-10 or top-15 goalies? There's risk with this, but we shouldn't diminish that there's risk in hoping the guys you'd otherwise sign to short deals would work out for you, year in and year out.

Ideally, you sign a goalie you know, who is coming off a really good year for you, but do so for only three years. Yet that isn't realistic, as they can get term elsewhere. If the Caps offered him 2x$6M or 3x$6M, he'd head to UFA and score a five-year deal.

He's 27 and this signs him for his prime, through age 33. Good in the room, has the trust of the team, and this won't be disruptive on a team that is rolling right now. There is risk, but it's sensible enough, and the alternatives carry plenty of risk as well. Some kind of stability in goal is good for a team too. A constant revolving door isn't ideal either.
 
Jarry was a 2x all-star...

A lot can happen in 1-2 years.

5M is basically starting goalie minimum wage now. 5.85M isn't even what it was when Jarry signed, now that the market has been reset and the cap is expected to increase significantly more than originally expected.

Daccord was on waivers, passed through clean, then got 5Mx5Y after one good season.
 
I guess I'm happy for the player but I just cringe at the contract in a vacuum. Not sure how many examples of goalie contracts becoming albatrosses there needs to be before GMs stop doing it but I guess there hasn't been enough.
Probably about the same as the number of good teams who saw a season get wasted because they couldn't even get league average goaltending.

All choices carry risks. That's what your staff is for. Hopefully they got it right.
 
What a coup getting him for a couple 3rds

27 year old starter with a league minimum cap hit, and no team in need of goaltending help was willing to top that?

Definitely great move on Washington's part. Tough thing with the goalie market is some teams are already pot committed to / stuck with what they had (ie Pittsburgh). Vegas traded Thompson at the draft (kudos to him, he still showed up to sign autographs) a couple days before July 1.

I'd imagine Vegas had a (slight) preference to trade out of conference?

UFAs:
Talbot - signed with Detroit - maybe an argument here, but easy to say with hindsight.

Brossoit - signed with Chicago. Blackhawks could have offered picks but on the flip side would Thompson have wanted to extend?

Reimer - signed with Buffalo. UPL was presumed starter and they wanted Levi to be back and Reimer as #3 insurance. Similar to Chicago, would Thompson have extended?

Stolarz - signed with Toronto - Leafs probably had limited draft pick capital.

DeSmith - signed with Dallas. Oettinger incumbent starter so Thompson would have been out the door.

Comrie/Kahkonen - signed with Winnipeg - Hellebuyck incumbent starter.

Wedgewood - signed with Nashville - Saros incumbent starter.

Lankinen - signed with Vancouver - September signing with Demko being hurt.

Trade:
Markstrom (traded June 19) - This one seemed far down the road for awhile. Not sure how the fan base would have reacted to Thompson instead, plus we would have had limited cap space to extend him this summer. Devils will have Markstrom for 4.125 mil next season.

Ullmark (traded June 26) - Ottawa needed to ship a goalie contract back which Vegas wouldn't have been able to accommodate.

Askarov (traded August 23) - San Jose had two NHL goalies at the time, so they could stash Askarov in the AHL while promising him a path to being an NHL starter shortly. Similar to the Chicago/Buffalo scenarios, would Thompson have extended in San Jose?
 
An extension where he is only in the 5s for a yearly salary??? That’s a steal wow

This is going to be his last big money contract and IMO he took a huge discount
He's a good goalie having a great year but I wouldn't call this a huge discount, he's never started more than 46 games in a season. Has real steal potential though if he keeps on this trajectory.
 
its a weird deal, where it might be questionable in the first year or so if thompson regresses a bit. At the same time with how the cap is going up by year three the contract should be fine even if he becomes a platoon guy
 
Jarry was a 2x all-star...

A lot can happen in 1-2 years.
Thompson has 2 All Star seasons if this one counted and zero shitty seasons like the one Jarry was coming off of when he signed his deal, experience alone doesn't make you more valuable
 
Good for him, always felt he was someone to root for starting the year the Knights threw him to the wolves.
 
I wouldn't give long term contracts to any goalie unless they've had a minimum 3 years of consistent performance. Just so much voodoo - this could be really good or really bad.
 
I guess I'm happy for the player but I just cringe at the contract in a vacuum. Not sure how many examples of goalie contracts becoming albatrosses there needs to be before GMs stop doing it but I guess there hasn't been enough.

The other end of the spectrum is that you end up where NJ was last season and get the goaltending you pay for and then need to use draft capital to address the position on a short-medium term basis.
 
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I hate long term deals for a goalie (see blackwood), but reality has told me that you just cant afford poor goaltending.

Washington getting next years cap in order. Chychrun should be next.

My guess is the Caps are big game hunting. Trying the get one more before Ovi is through.

Might be the best run club in the league currently.

Best young coach and smartest GM in the league right now.
 

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