Jacob Markstrom signed a two-year, $12 million contract with the New Jersey Devils on Friday.
It has an average annual value of $6 million and begins with the 2026-27 season.
The 35-year-old goalie is 3-2-0 with a 4.17 goals-against average and .875 save percentage in five games this season. After being injured in a 3-2 win against the Columbus Blue Jackets on Oct. 13, Markstrom returned for an 8-4 loss to the Colorado Avalanche on Tuesday, making 34 saves on 42 shots.
"I mean, I feel like this is the best place to be, and it's the best team I've been on," Markstrom said Saturday before he made 43 saves in a 4-1 win at the Los Angeles Kings. "So, I'm super excited to continue this journey and see where we can go and I think it's far, and I want to be a part of it."
Markstrom was 26-16-6 with a 2.50 goals-against average, .900 save percentage and four shutouts in 49 games for the Devils last season, his first with the team after being acquired in a trade with the Calgary Flames on June 19, 2024.
He is in the final year of a six-year, $36 million contract ($6 million AAV) he signed with the Flames on Oct. 9, 2020, and could have become an unrestricted free agent after the season.
"Obviously, to know where you're going to be and to keep playing and keep representing the New Jersey Devils," Markstrom said. "… My family is excited and me personally, just nice to turn the page on this one and focus on playing hockey."
A second-round pick by the Florida Panthers in the 2008 NHL Draft (No. 31), Markstrom is 244-214-63 with a 2.72 GAA, .908 save percentage and 24 shutouts in 539 regular-season games (520 starts) for the Panthers, Vancouver Canucks, Flames and Devils and 14-17 with a 2.88 GAA, .911 save percentage and two shutouts in 31 Stanley Cup Playoff games.
"[Markstrom has] been great on and off the ice. He's a gamer. He's a competitor," Devils coach Sheldon Keefe said. "He and Jake Allen have a tremendous partnership in the way they work together so to have both guys locked up at such an important position and for 'Markie' wanting to be here and continue with the group, it makes you feel good as a coach and you can just focus on the hockey now."
