Canucks nearing extension with veteran goaltender

Demko’s early extension comes days after Dreger reported there was momentum on a new deal despite free agency still being a year away for the netminder. The presumably multiyear commitment comes after perhaps the two hottest-and-coldest seasons an NHLer can have. The 29-year-old’s 2023-24 campaign was outright dominant, posting a .918 SV%, 2.45 GAA, five shutouts, and a 35-14-2 record in 51 games as he finished as the Vezina Trophy runner-up.

Then, Demko sustained a knee injury in Game 1 of their playoff run that year, later revealed to be a popliteus muscle tear — an exceedingly rare injury for an athlete, which led to considerable uncertainty about his return timeline. He started the season on injured reserve and wasn’t cleared to return until December. When he did come back, he was in and out of the lineup due to unrelated injuries and an illness. That led to his numbers nosediving this season, as he logged a career-low .889 SV% and a 2.90 GAA in 23 appearances. That was still good for 1.4 goals saved above expected, according to MoneyPuck, due to a demanding workload in terms of shot quality.

Long considered the organization’s goalie of the future, he had fully achieved that title and was their undisputed starter until late-offseason free agent signing Kevin Lankinen stepped up in his absence this year. During the campaign in which he posted a .902 SV% in 51 appearances, Vancouver rewarded him with a five-year, $22.5M extension in February. That indicates they anticipate Lankinen handling more of a workload than a standard No. 2 option would for the foreseeable future. He also has a no-movement clause through 2026-27, so a trade isn’t on the table anytime soon.

That indicates the Canucks anticipate Demko’s injury significantly altering his career trajectory and his ability to handle 50-plus starts per season consistently. Presumably, his pending extension will reflect that. His track record, compared to Lankinen’s more limited deployment in heavy usage, means he should still be penciled in as the No. 1 option on the Canucks’ depth chart entering next season and for the foreseeable future. However, Vancouver could be betting on a more platoon approach to keep Demko healthy.

Demko will still count $5M against Vancouver’s cap for 2025-26 as he enters the final season of the five-year, $25M extension he signed in 2021.