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Vancouver Canucks signed Thatcher Demko (5 Years / $5,000,000 AAV)

Was this a good signing?
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Mar. 31, 2021 at 4:09 p.m.
#1
Thatcher Demko has signed a new contract with the Vancouver Canucks.
Standard Contract (Extension)
Comparable ContractsCOMPARE THIS CONTRACT
SIGNED BY: Jim Benning
Length: 5 years
Value: $25,000,000
Expiry Status: UFA
Cap % Tooltip: 6.14
Signing Team: Logo of the Vancouver CanucksVancouver Canucks
Signing Date: Mar. 31, 2021
Source: CapFriendly

Thatcher Demko signed a 5 year, $25,000,000 contract with the Vancouver Canucks on Mar. 31, 2021. The contract has a cap hit of $5,000,000.

SEASONClauseCap HitTooltipAAV TooltipP. BonusesTooltipS. BonusesTooltipBase SalaryTooltipTotal SalaryTooltipMinors SalTooltip
2021-22$5,000,000$5,000,000$0$0$2,500,000$2,500,000$2,500,000
2022-23$5,000,000$5,000,000$0$1,000,000$3,500,000$4,500,000$4,500,000
2023-24$5,000,000$5,000,000$0$1,000,000$6,000,000$7,000,000$7,000,000
2024-25$5,000,000$5,000,000$0$0$6,000,000$6,000,000$6,000,000
2025-26$5,000,000$5,000,000$0$0$5,000,000$5,000,000$5,000,000
TOTAL$25,000,000$25,000,000$0$2,000,000$23,000,000$25,000,000$25,000,000
Mar. 31, 2021 at 4:10 p.m.
#2
Kotkaniemi15
Former Hockey Fan
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Holy discount! This guy’s got a real bright future, and he’s been the Canucks’ best player by far this year. Demko sure took a lot less to help out the team. Now here’s hoping that they use their extra cap space wisely.
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Mar. 31, 2021 at 4:10 p.m.
#3
justaBoss
What in tarnation
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Bit too much for a goalie with 60 game experience if you ask me, but for the sake of Nucks I hope he proves me wrong.

Could be a lot worse though.
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Mar. 31, 2021 at 4:10 p.m.
#4
Wqrrior
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Benning gets a lot of hate, but he is very competent in regards to RFA signings. This is a very reassuring start to a difficult contractual offseason. Continue to keep him away from July 1st and you have a good GM running this team.
capfriendlyaccount, ConnorMcHellebucyk, hosh and 3 others liked this.
Mar. 31, 2021 at 4:11 p.m.
#5
CEO
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Today shall be celebrated as the day Benning did something right for once
oilersguy, Gmonwy, Club_de_Hockey_le_Canadien and 1 other person liked this.
Mar. 31, 2021 at 4:11 p.m.
#6
Wqrrior
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Quoting: justaBoss
Bit too much for a goalie with 60 game experience if you ask me, but for the sake of Nucks I hope he proves me wrong.

Could be a lot worse though.


I'm confident given that he was highly touted for considerable time. He had a bright future years ago, and he is living up to it now. So far this is a win in the Markstrom department.
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Mar. 31, 2021 at 4:11 p.m.
#7
A_Habs_fan
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Good deal, a bit high of an AAV for now but he’ll quickly be worth it
Mar. 31, 2021 at 4:13 p.m.
#8
Zinger
Canes fan
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Great deal for the Nucks. Demko's been solid and he's got a bright future.
Mar. 31, 2021 at 4:14 p.m.
#9
justaBoss
What in tarnation
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Quoting: Wqrrior
I'm confident given that he was highly touted for considerable time. He had a bright future years ago, and he is living up to it now. So far this is a win in the Markstrom department.


We shall see.
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Mar. 31, 2021 at 4:14 p.m.
#10
Wqrrior
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Quoting: CEO
Today shall be celebrated as the day Benning did something right for once


He's done a lot of things right. It all just gets overlooked because the Benning meme rules superior.

Looking back at this offseason. Letting go of Markstrom was the right decision. Schmidt is finally starting to look like the upgrade needed on the blue line, Hoglander gets top 6 ice time and is a very promising spec, and most importantly, there's cap room to work with. Looking back, Only Toffoli over Jake is a regrettable choice. The others are Ws.

Team might have a year of down performance, but long term it all makes sense.
Mar. 31, 2021 at 4:16 p.m.
#11
Tarlam01
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Quoting: Kotkaniemi15
Holy discount! This guy’s got a real bright future, and he’s been the Canucks’ best player by far this year. Demko sure took a lot less to help out the team. Now here’s hoping that they use their extra cap space wisely.


It's not really what I would call a discount but yeah. Demko will be a stud for VAN. Not a bad contract but not cheap. Love from MTL VAN fans Sticking Out Tongue
Mar. 31, 2021 at 4:17 p.m.
#12
KingLundqvist30
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This is a good deal if he continues to play well, happy for Vancouver.
Mar. 31, 2021 at 4:18 p.m.
#13
mondo
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Pretty good.
Mar. 31, 2021 at 4:18 p.m.
#14
TheNorthStar
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This deal has a lot of upside, especially if he plays consistently like the goalie we saw in the playoffs.
rollie1967 liked this.
Mar. 31, 2021 at 4:21 p.m.
#15
toque
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The most interesting thing for me moving forward: Vancouver's goalie coach Ian Clark's contract expires this year. Worked well with both Markstrom & now Demko. Will be very curious to see if he gets an extension.
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Mar. 31, 2021 at 4:27 p.m.
#16
VijayPatel11
In Zito We Trust
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In true capfriendly fashion, demko is going to be bad because the general base here likes his deal, and binnington is going to be insane because the general base here hates his deal

See: Wilson + Skjei deals on the same day
Mar. 31, 2021 at 4:28 p.m.
#17
Oilyboy
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Next to no doubt that the duration of this contract will deliver waaaay better value than Markstrom's. So a win there. Just too bad Holtby's contract will be on the books for a year coinciding, as it will take a lot to entice Seattle to take him.
Mar. 31, 2021 at 4:30 p.m.
#18
toque
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Quoting: oilsince95
Next to no doubt that the duration of this contract will deliver waaaay better value than Markstrom's. So a win there. Just too bad Holtby's contract will be on the books for a while, as it will take a lot to entice Seattle to take him.


He's only signed for one more year
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Mar. 31, 2021 at 4:31 p.m.
#19
Oilyboy
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Quoting: toque
He's only signed for one more year


My bad, edited, thought it was 2 more for some reason. Will still be a bit of a crunch again next season is all.
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Mar. 31, 2021 at 4:31 p.m.
#20
Wqrrior
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Quoting: toque
The most interesting thing for me moving forward: Vancouver's goalie coach Ian Clark's contract expires this year. Worked well with both Markstrom & now Demko. Will be very curious to see if he gets an extension.


Clark is probably just as important as the netminder himself. One of the best goalie coaches in the game.
rollie1967 liked this.
Mar. 31, 2021 at 4:44 p.m.
#21
jpsnow13
You know nothing JS
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Hard to compare to Murray or Binnington because 2 of the 5 years are RFAs and the three others are autonomy.

The way I see it (unconfirmed) it's 2x4M, 1x5M and the 2 last ones at 6M.
Mar. 31, 2021 at 5:02 p.m.
#22
aadoyle
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Quoting: justaBoss
Bit too much for a goalie with 60 game experience if you ask me, but for the sake of Nucks I hope he proves me wrong.

Could be a lot worse though.


agreed he could flop next season like Bobrosky did when he got his 10mill


still created some quality memes so im good
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Mar. 31, 2021 at 5:09 p.m.
#23
Brian2016
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Holtby wasn't great in WASH last 2 seasons but his career really spiraled after that mask fiasco in VAN. Talk about getting off on the wrong foot. Basically it'll be $9.3M next season for Demo in goal.
Mar. 31, 2021 at 5:11 p.m.
#24
Radovan
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This is very very risky. Goalies are voodoo, could be next Gibson, could be next Murray.
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Mar. 31, 2021 at 5:18 p.m.
#25
RKLW
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Definitely a steal, figured it was going to be a bit more.... now onto the other 2... Petty and Hughes.
 
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