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Devils Lock In Jacob Markstrom With Two-Year, $12 Million Extension

The short term reflects New Jersey’s push for flexibility as it bets on an experienced tandem to support its contention window.

Overview

  • New Jersey announced a two-year extension for Jacob Markstrom worth $12 million at a $6 million AAV, with the new deal beginning in 2026–27.
  • The agreement came after negotiations in which Markstrom’s camp favored a longer term while the Devils prioritized a shorter commitment.
  • The move secures the pairing with Jake Allen at roughly a $7.8 million combined cap hit, providing room to manage upcoming RFA decisions.
  • Markstrom has started the 2025–26 season slowly at 2-2-0 with a 5.13 goals-against average and an .830 save percentage in four games after a lower-body injury.
  • The veteran helped stabilize the crease last season with a 2.50 GAA and a .900 save percentage in 49 starts after his 2024 acquisition from Calgary.