Canucks sign Thatcher Demko to 5-year, $25M contract extension: report

Mar 31 2021, 1:03 pm

Thatcher Demko is cashing in.

According to multiple reports, the Vancouver Canucks have signed their starting goaltender to a five-year, $25 million contract extension. The deal would keep Demko signed through the 2025-26 season and carry a $5 million cap hit.

The contract is not yet official but has been reported by TSN’s Frank Seravalli, Sportsnet’s Elliotte Friedman, and CHEK’s Rick Dhaliwal.

Demko, who was set to become an unrestricted free agent in the offseason, has established himself as a No. 1 goalie this year. The 25-year-old San Diego native has been named an NHL Star of the Week on two occasions and has a sparkling .917 save percentage.

The $5 million cap hit would rank Demko tied the 12th-highest cap number among NHL goalies next year, level with Robin Lehner and Semyon Varlamov. None of the goalies ahead of Demko on the list are younger.

The focus from a Canucks perspective will now shift to Elias Pettersson and Quinn Hughes, who are set to become restricted free agents this summer and also each in line for big pay raises.

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