Lightning Sign Jakob Pelletier To Three-Year Contract

8:48 a.m.: The signing is official, according to a press release from the Lightning.

7:35 a.m.: The Lightning have signed winger Jakob Pelletier to a three-year contract, Renaud Lavoie of TVA reported overnight. It’s a two-way deal in 2025-26, followed by a one-way structure in 2026-27 and 2027-28. He’ll earn a base salary of $775K, $850K, and $900K in each respective season for a total value of $2.525MM and a cap hit of $841,667.

Pelletier, a first-round pick of the Flames in 2019, started last season in the AHL after clearing waivers. He received his first recall of the season in early December and remained on the NHL roster for the next two months aside from a few paper transactions, making 24 appearances to tie his previous career-high with the Flames in 2022-23.

In that span, it looked like the Quebec City native was finally getting his feet under him after an injury-riddled development path. While he wasn’t commanding top-six ice time, he did still notch four goals, seven assists, 11 points, and a +10 rating for Calgary – a 38-point pace over a full season. Nonetheless, they traded him to the Flyers in late January in the deal that brought Joel Farabee and Morgan Frost to the Flames.

The trade halted Pelletier’s offensive momentum. The feisty 5’9″ lefty only managed three goals, five assists, and eight points in 25 appearances for Philadelphia to end the season and was an occasional healthy scratch. He totaled seven goals, 12 assists, and 19 points in 47 games on the year while averaging 11:33 per game. He was owed a qualifying offer of $840K on a two-way deal that the Flyers decided they didn’t want to give him, cutting him loose on Monday and making him an unrestricted free agent.

The 24-year-old has an 11-18–29 scoring line with a plus-three rating in 86 NHL appearances for the Flames and Flyers over the last three seasons. He also had three goals, 16 assists, and 19 points in 20 games for AHL Calgary last year. The Lightning giving him three years of term acts as an effective deterrent to waiver claims, though, so they’d have that option to try to send him to AHL Syracuse without a ton of risk. Considering they already have 12 forwards on one-way deals for this year, plus top prospect Conor Geekie looking for more NHL ice time, he faces an uphill battle for a roster spot.