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Devils sign Jacob Markstrom to 2-year, $12M contract | IHM News

Markstrom signs 2-year, $12 million contract with Devils

By IHM Team · IHM News | November 01, 2025

Jacob Markstrom, Devils news, New Jersey Devils, NHL contracts, NHL signings, NHL extensions, Markstrom contract, Devils goalie, NHL goalie news, hockey news today

Goaltender in 2nd season with New Jersey, could have become unrestricted free agent after season

Jacob Markstrom has signed a two-year, $12 million contract with the New Jersey Devils.

It has an average annual value of $6 million and begins with the 2026-27 season.

The 35-year-old goalie is 2-2-0 with a 5.13 goals-against average and .830 save percentage in four games this season. After being injured in a 3-2 win against the Columbus Blue Jackets on Oct. 13, Markstrom returned for Tuesday’s 8-4 loss to the Colorado Avalanche, making 34 saves on 42 shots.

Markstrom was 26-16-6 with a 2.50 goals-against average, .900 save percentage and four shutouts in 49 games for the Devils last season, his first with the team after being acquired in a trade on June 19, 2024.

He is in the final year of a six-year, $36 million contract ($6 million AAV) he signed with the Calgary Flames on Oct. 9, 2020, and could have become an unrestricted free agent after the season.

A second-round pick by the Florida Panthers in the 2008 NHL Draft (No. 31), Markstrom is 243-214-63 with a 2.72 GAA, .908 save percentage and 24 shutouts in 538 regular-season games (520 starts) for the Panthers, Vancouver Canucks, Flames and Devils and 14-17 with a 2.88 GAA, .911 save percentage and two shutouts in 31 Stanley Cup Playoff games.

Coach Mark comment

For New Jersey this is about floor and predictability. Markstrom’s technique and size still give you NHL-level starts, and a 2-year horizon at $6M AAV is a controllable bridge while the pipeline matures. Usage and load management will decide the value.