Penguins sign goalie DeSmith to cheap, smart extension
The Pittsburgh Penguins are guilty of their fair share of salary cap snafus (screams in horror at Jack Johnson’s contract), but they’re among the NHL’s sharpest when it comes to handling their goalies.
Yes, Marc-Andre Fleury has been absolutely outstanding in Vegas, but there are many teams that saddle themselves with problem contracts.
Instead, the Penguins have found ways to carve out impressive flexibility at the position by being proactive.
While Matt Murray’s struggled with injuries and the occasional bout of inconsistency, he’s only carrying a $3.75M cap hit through 2019-20, and Pittsburgh locked him up after his brilliant work in their 2015-16 championship run.
Now they’ve managed to land some cost certainty with Casey DeSmith, as the team announced a three-year extension that will carry a paltry $1.25M cap hit beginning next season.
“Since joining the Penguins’ organization, Casey has excelled for us at every level, first in Wheeling and Wilkes-Barre/Scranton, and now here in Pittsburgh,” GM Jim Rutherford said. “We’re pleased to have him signed with our organization for the next three-and-a-half seasons.”
Rutherford isn’t wrong there.
Obviously, Smith’s NHL numbers jump out at you first. The 27-year-old is 12-7-4 with a splendid .924 save percentage this season, and he also has a .923 save percentage over 40 career NHL games. Sean Tierney’s visualization of Corsica’s Goals Saved Against Average numbers show that DeSmith’s been one of the more valuable netminders so far in 2018-19:
Now, sure, it’s likely that DeSmith will cool off from here, but the Penguins aren’t really making that large of an investment in him. This decision compares nicely to the Predators locking down Juuse Saros for three years at $1.5M a pop (Saros has the better pedigree; DeSmith’s having the better 2018-19).
And, as Rutherford mentioned, DeSmith’s had success at other levels.
Check his AHL and NCAA numbers and you’ll see that DeSmith’s enjoyed success in most other seasons. That might not sounds like much, but compare his work at other levels to, say, Scott Darling, who faced a bumpy road through the ECHL and other leagues before things took off for him starting in 2013-14.
It’s not that difficult to picture a scenario where DeSmith got a much richer deal if he waited, particularly if he was the guy who helped Pittsburgh make a big run.
Instead, the Penguins went low-risk, with some enticing potential rewards.
The best-case scenario is that DeSmith ends up being a legitimate difference-maker who can sport something close to a .920 save percentage at that bargain-basement price. The worst? Maybe DeSmith flops and the Penguins have to buy him out or bury his contract in the AHL, while possibly stunting the growth of Tristan Jarry and others.
Cutting in between, it’s quite possible that DeSmith could be a useful backup who might be able to provide relief if Murray struggles or gets hurt.
Looking at the Penguins’ salary structure at Cap Friendly, there are a lot of players above the age of 30 who are receiving a lot of money and sometimes-scary term. There are risks of the Penguins slipping into a Kings-like lull if too many players hit the wall.
Still, Murray and DeSmith will carry just a $5M cap hit next season, compared to $6M per year for 32-year-old Jonathan Quick.
Sure, it’s easier to herd cats than predict which goalies will excel in a given year, but all things considered, this is some masterful work by the Penguins.