Sabres to place Alexandar Georgiev on waivers

The Sabres will be placing goaltender Alexandar Georgiev on waivers today, head coach Lindy Ruff told reporters (including Bill Hoppe of the Olean Times Herald).

Georgiev was listed on Buffalo’s opening night roster yesterday, but they were carrying three goalies after claiming Colten Ellis off waivers from the Blues. The Sabres value the latter more, with Ruff telling Rachel Lenzi of The Buffalo News that Ellis is someone the Sabres have been “really high on” for quite some time and were unwilling to pass up the opportunity to have him on the wire. As a result, Georgiev won’t be starting the season with the club and will head to AHL Rochester should he clear waivers.

Georgiev, 29, finished top 10 in Vezina Trophy voting as recently as 2022-23 but is now scrambling to find an NHL job. He made 49 appearances last year between the Avalanche and the Sharks, heading to San Jose in the midseason deal that sent Mackenzie Blackwood the other way. Among goalies with at least 30 starts, no one had a worse save percentage or GAA than Georgiev’s marks of .875 and 3.71, and that includes making over a third of his appearances behind a dominant group of Colorado skaters in the first half of the year.

He still has roughly league-average numbers for his career. Since debuting with the Rangers in the 2017-18 season, he’s logged a 151-108-26 record with 15 shutouts, a 2.99 GAA, and a .903 SV% in 303 appearances. He’s allowed 21.1 goals (4%) more than the average netminder during that time. It’s his last two seasons of work that have soured teams. Despite posting a league-leading 38 wins for the Avs in 2023-24, he only managed a .897 SV% in 63 appearances. That preceded a 2024-25 campaign where only the Flyers’ Samuel Ersson posted a worse goals saved above expected figure than Georgiev’s -17.9, according to MoneyPuck.

That three-goalie figure from yesterday doesn’t include starter Ukko-Pekka Luukkonen, who begins the season on injured reserve after suffering a lower-body injury late in preseason. That’s a different injury from the one he showed up to camp with, which was the motivator for Buffalo to sign Georgiev to a one-year, $825K deal last month in the first place. Luukkonen has improved in the past few days, according to Paul Hamilton of WGR Sports Radio 550, although he still carries a week-to-week designation. Buffalo certainly wasn’t going to carry four goalies after he returned, so it’s no surprise to see them get ahead of the wheel and remove one from their active roster now – especially after Georgiev allowed 11 goals on 74 shots in four preseason games for a .851 SV% and 4.19 GAA.

The Sabres might very well carry three goalies when Lukkonen returns, though. It’s hard to see them risk losing Ellis on waivers unless he struggles in his first taste of NHL action. The club also signed Alex Lyon to a two-year, $3MM deal in free agency over the offseason to be Luukkonen’s primary backup option. He might have an easier time passing through waivers thanks to his $1.5MM cap hit, so if Buffalo does want to only carry the traditional pair, Lyon might end up hitting the wire, too.