With his value arguably at an all-time high, what kind of contract can Korpisalo command?
Player Overview
Since making the jump to the NHL in the 2015-16 season, Joonas Korpisalo has seen inconsistent results with his performance over eight NHL seasons.
Korpisalo’s first season with the Columbus Blue Jackets couldn’t have gone much better. At just 21 years old, Korpisalo split the year between the NHL and AHL and over 31 games with Columbus, the netminder posted an excellent .920 save percentage. However, Korpisalo then went on to spend the majority of the next three seasons purely as Sergei Bobrovsky’s backup, where he struggled to replicate his rookie season results.
You can point to a less-than-stellar team in front of him as a key factor, but his numbers were blown out of the water by Bobrovsky’s in each year. The 2016-17 season saw Bobrovsky post a .931 save percentage and Korpisalo at a .905 save percentage. In 2017-18, Bobrovsky had a .921 save percentage, while Korpisalo managed just an .897 save percentage. Then in 2018-19, Bobrvosky’s save percentgae sat at a .913, while Korpisalo repeated his .897 save percentage from the season prior. I don’t know how fair it is to compare a goalie in his early 20s to prime Sergei Bobrovsky, but the point is, the team in front of him couldn’t entirely take the blame.
However, when Bobrovsky joined the Florida Panthers in the summer of 2019, Korpisalo got a great opportunity in the season that followed. He arguably did take advantage, playing the majority of the team’s games and posting a much better .911 save percentage. Elvis Merzlikins did jump on to the scene that year to post a .923 SV% in his rookie season, but Korpisalo had an excellent playoff run in the bubble with a .941 SV% across nine games, including his record-setting 85-save game against the Tampa Bay Lightning.
The following year though, it was Merzlikins who started to take over for the Blue Jackets. Despite Korpisalo playing more games, he managed just an .894 save percentage, which was the lowest of his career to that point, while Merzlikins posted a .916 save percentage. Following the season, Merzlikins received a five-year contract extension, making it clear where the future of the team’s goaltending stood. Korpisalo then followed up his disappointing year with a disastrous 2021-22 season, where he managed just an .877 save percentage across 22 games.
This season though, Korpisalo did bounce back in a big way. He was the Blue Jackets’ best goalie by far in the first half of the year, posting a .913 save percentage. Teams took notice, and at the trade deadline, Korpisalo was dealt to the Los Angeles Kings.
In his short time with the Kings, Korpisalo looked like a legitimate starter. He solved the team’s goaltending issues, posting a .921 SV% through 11 regular season games with the Kings, and proceeded to start all of the team’s playoff games.
Goalie Stats | Scoring | ||||||||||||||||||||||||||
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Season | Age | Tm | Lg | GP | GS | W | L | T/O | GA | SA | SV | SV% | GAA | SO | MIN | QS | QS% | RBS | GA%- | GSAA | adjGAA | GPS | G | A | PTS | PIM | Awards |
2015-16 | 21 | CBJ | NHL | 31 | 30 | 16 | 11 | 4 | 78 | 969 | 891 | .920 | 2.60 | 0 | 1803 | 16 | .533 | 1 | 95 | 4.5 | 3.09 | 6.3 | 0 | 0 | 0 | 2 | |
2016-17 | 22 | CBJ | NHL | 14 | 13 | 7 | 5 | 1 | 38 | 401 | 363 | .905 | 2.88 | 1 | 791 | 6 | .462 | 2 | 110 | -3.3 | 3.34 | 2.0 | 0 | 0 | 0 | 0 | |
2017-18 | 23 | CBJ | NHL | 18 | 17 | 8 | 8 | 1 | 58 | 564 | 506 | .897 | 3.32 | 0 | 1049 | 7 | .412 | 3 | 117 | -8.5 | 3.60 | 2.2 | 0 | 0 | 0 | 0 | |
2018-19 | 24 | CBJ | NHL | 27 | 21 | 10 | 7 | 3 | 67 | 651 | 584 | .897 | 2.95 | 0 | 1361 | 8 | .381 | 4 | 114 | -8.3 | 3.13 | 2.7 | 0 | 0 | 0 | 0 | |
2019-20 | 25 | CBJ | NHL | 37 | 35 | 19 | 12 | 5 | 92 | 1030 | 938 | .911 | 2.60 | 2 | 2126 | 21 | .600 | 5 | 99 | 1.1 | 2.77 | 5.9 | 0 | 1 | 1 | 0 | |
2020-21 | 26 | CBJ | NHL | 33 | 31 | 9 | 13 | 7 | 96 | 904 | 808 | .894 | 3.30 | 0 | 1747 | 13 | .419 | 8 | 115 | -12.7 | 3.61 | 3.9 | 0 | 1 | 1 | 2 | |
2021-22 | 27 | CBJ | NHL | 22 | 17 | 7 | 11 | 0 | 78 | 634 | 556 | .877 | 4.15 | 0 | 1128 | 5 | .294 | 6 | 132 | -19.0 | 4.25 | 1.6 | 0 | 0 | 0 | 2 | |
2022-23 | 28 | TOT | NHL | 39 | 37 | 18 | 14 | 4 | 104 | 1206 | 1102 | .914 | 2.87 | 1 | 2172 | 24 | .649 | 3 | 90 | 11.5 | 2.90 | 8.0 | 0 | 0 | 0 | 0 | |
2022-23 | 28 | CBJ | NHL | 28 | 26 | 11 | 11 | 3 | 82 | 926 | 844 | .911 | 3.17 | 0 | 1551 | 16 | .615 | 2 | 92 | 6.7 | 3.21 | 5.9 | 0 | 0 | 0 | 0 | |
2022-23 | 28 | LAK | NHL | 11 | 11 | 7 | 3 | 1 | 22 | 280 | 258 | .921 | 2.13 | 1 | 621 | 8 | .727 | 1 | 2.13 | 2.1 | 0 | 0 | 0 | 0 | |||
8 yrs | CBJ | NHL | 210 | 190 | 87 | 78 | 24 | 589 | 6079 | 5490 | .903 | 3.06 | 3 | 11556 | 92 | .484 | 31 | 108 | -41.1 | 3.31 | 30.6 | 0 | 2 | 2 | 6 | ||
1 yr | LAK | NHL | 11 | 11 | 7 | 3 | 1 | 22 | 280 | 258 | .921 | 2.13 | 1 | 621 | 8 | .727 | 1 | 82 | 4.8 | 2.13 | 2.1 | 0 | 0 | 0 | 0 | ||
Career | 8 yrs | NHL | 221 | 201 | 94 | 81 | 25 | 611 | 6359 | 5748 | .904 | 3.01 | 4 | 12177 | 100 | .498 | 32 | 107 | -37.9 | 3.25 | 32.6 | 0 | 2 | 2 | 6 |
So as Korpisalo enters free agency, teams should certainly be wary of his inconsistent results from year to year, but his value has arguably never been higher.
What We Know
- As of earlier this month, The Fourth Period’s David Pagnotta reported that there wasn’t much going on between the Kings and Korpisalo regarding a contract extension.
- However, Pierre LeBrun noted the Kings and Korpisalo have had some discussions on a deak.
- The Kings are also presently working without much cap space available.
Comparables
Below, we’ll take a look at what Korpisalo’s deal could look like at different lengths.
Note: any age shown on the first year of a deal is based on the player’s age by Dec. 31 in the first season of that contract. Meanwhile, signing year stats are based on a goalie’s numbers in their most recent season before the time in which they signed their contract.
4 YEARS
Four years is probably the longest length we’d see for Korpisalo’s contract. When it comes to goalies around his age who are fairly unproven as starters, four years is pretty much the maximum term given out. Some of the best examples around the same age, starts and percentage of games played in their signing year would be Linus Ullmark, Jake Allen and Scott Darling.
Player | Age at first year of deal | First Year Of Deal | SV%/GP in Signing Year | % of Games Started in Signing Year | SV%/GP over Career | Contract | Adjusted to $83.5M cap |
Joonas Korpisalo | 29 | 2023 | 914 (39GP) | 48% | 904 (221GP) | ||
Linus Ullmark | 28 | 2021 | 917 (20GP) | 36% | 912 (117GP) | $5.00M 4 years | $5.12M 4 years |
Jake Allen | 27 | 2017 | 920 (47GP) | 57% | 915 (99GP) | $4.35M 4 years | $4.84M 4 years |
Scott Darling | 29 | 2017 | 924 (32GP) | 39% | 923 (75GP) | $4.15M 4 years | $4.62M 4 years |
While Korpisalo does have more career experience than each goalie, his stats both in his signing year, and especially over his career, were lower.
So generally, we can see a pretty defined range of adjusted cap hits of from $4.6M to $5.1M. It’s a bit tough to distinguish where he’d fall within this range, but it seems unlikely that Korpisalo would reach the $5M mark, even on a four-year deal.
Again, the term is unlikely, but always possible.
3 YEARS
While four years is possible, three years would be a much more likely term for Korpisalo’s contract.
Player | Age at first year of deal | First Year Of Deal | SV%/GP in Signing Year | % of Games Started in Signing Year | SV%/GP over Career | Contract | Adjusted to $83.5M cap |
Joonas Korpisalo | 29 | 2023 | 914 (39GP) | 48% | 904 (221GP) | ||
*Steve Mason | 26 | 2014 | 915 (37GP) | – | 906 (276GP) | $4.10M 3 years | $4.96M 3 years |
Ville Husso | 27 | 2022 | 919 (40GP) | 49% | 912 (57GP) | $4.75M 3 years | $4.81M 3 years |
Antti Raanta | 29 | 2018 | 930 (47GP) | 57% | 922 (141GP) | $4.25M 3 years | $4.46M 3 years |
Jacob Markstrom | 27 | 2017 | 915 (33GP) | 40% | 904 (83GP) | $3.67M 3 years | $4.09M 3 years |
Petr Mrazek | 29 | 2021 | 923 (12GP) | 21% | 911 (275GP) | $3.80M 3 years | $3.89M 3 years |
*Thomas Greiss | 31 | 2017 | 928 (25GP) | 53% | 919 (155GP) | $3.33M 3 years | $3.71M 3 years |
Philipp Grubauer | 27 | 2018 | 923 (35GP) | 43% | 923 (101GP) | $3.33M 3 years | $3.50M 3 years |
Jonathan Bernier | 30 | 2018 | 913 (37GP) | 45% | 914 (289GP) | $3.00M 3 years | $3.15M 3 years |
*Anton Forsberg | 30 | 2022 | 918 (31GP) | 50% | 908 (87GP) | $2.75M 3 years | $2.78M 3 years |
In terms of figuring out an accurate cap hit though, it’s a little less straightforward. There are reasons Korpisalo could make more, or less, than most comparable deals listed.
Starting at the top, Steve Mason had very similar stats to Korpisalo, both in his signing year and over his career. Ville Husso did also have similar singing year stats to Korpisalo, along with a very similar number of games played in his signing year. While Husso had a higher career save percentage, Korpisalo had far more career experience. Either is a fairly accurate comparable, that would put Korpisalo close to $5M per year.
But there are also contracts that would put him much lower.
Jacob Markstrom’s deal acts as an excellent comparable, with nearly identical stats over both his signing year and his career. While he did have far less experience and a lower number of career games played, you won’t find any other comparable goalie with stats as close to Korpisalo’s.
Petr Mrazek is also another fairly good comparable. He was injured for a lot of his contract year, but was very good when he did play. Mrazek also had fairly similar career experience at the time of signing, but a career percentage that was much lower than his signing year save percentage. So between Markstrom and Mrazek, we have two comparables that would put him right around $4M per year, based on adjusted cap hits.
But then there are also deals that would put him even lower, like Jonathan Bernier’s contract. While you could argue Korpisalo’s .914 SV% was more valuable now than Bernier’s .913 SV% was five years ago (based on increased scoring), it’s not enough to say he’s definitively a more valuable goaltender, given the the similar career experience, a similar number of games played in his signing year and Bernier’s higher career save percentage. Then the likes of Thomas Greiss and Philipp Grubauer both had much better stats as well, which could put Korpisalo below $3.5M.
Other comparables that weren’t included based on age were recent deals for Alexandar Georgiev and Vitek Vanecek. Neither were solidified starters and both signed a three-year deal at a $3.4M cap hit.
Realistically, it’s a wide range of comparables for Korpisalo. He could get anywhere from just over $3M per year up to as much as $5M on a three-year deal, and there would be comparables to justify it.
I think we’ll probably see him in the middle of that range at $4M per year or a little more, but it could certainly be higher or lower.
2 YEARS
Aside from three years, two years is also a strong possibility for Korpisalo’s deal.
Player | Age at first year of deal | First Year Of Deal | SV%/GP in Signing Year | % of Games Started in Signing Year | SV%/GP over Career | Contract | Adjusted to $83.5M cap |
Joonas Korpisalo | 29 | 2023 | 914 (39GP) | 48% | 904 (221GP) | ||
Jonathan Bernier | 27 | 2015 | 912 (58GP) | 71% | 916 (175GP) | $4.15M 2 years | $4.85M 2 years |
Darcy Kuemper | 30 | 2020 | 925 (55GP) | 67% | 916 (186GP) | $4.50M 2 years | $4.61M 2 years |
Steve Mason | 29 | 2017 | 908 (58GP) | 71% | 911 (463GP) | $4.10M 2 years | $4.56M 2 years |
Petr Mrazek | 27 | 2019 | 914 (40GP) | 49% | 911 (223GP) | $3.13M 2 years | $3.21M 2 years |
Jake Allen | 31 | 2021 | 927 (24GP) | 34% | 913 (289GP) | $2.88M 2 years | $2.95M 2 years |
Anders Nilsson | 29 | 2019 | 908 (36GP) | 44% | 907 (141GP) | $2.60M 2 years | $2.66M 2 years |
Looking at the comps, the three goalies above a $4.5M adjusted cap hit (Bernier, Kuemper and Mason), all played significantly more games than Korpisalo in their signing year, all at 55 games or above, compared to Korpisalo’s 39 games. They also had a much higher career save percentage, so we can assume Korpisalo’s deal isn’t coming in that high.
That said, Anders Nilsson posted a lower save percentage in his signing year, while Jake Allen started a lower percentage of games, so there’s certainly an argument that Korpisalo’s deal should come in at least at the $3M mark.
The best projection of the two-year comparables would be Petr Mrazek. Like Korpisalo, he was rebuilding his value after two tough seasons and posted an identical .914 save percentage, while almost the exact same number of games.
Again, scoring was up this year, with the league-average save percentage at just .904 this year compared to .910 when Mrazek signed his deal, so you could argue that Korpisalo’s stats were more valuable. Still, you shouldn’t see Korpisalo come in too far above Mrazek’s $3.2M adjusted cap hit, likely around $3.5M on a two-year deal.
1 YEAR
It seems unlikely Korpisalo would take a one-year deal, given he’ll almost surely be offered more term if he hits free agency, but we can see some comparables below.
Player | Age at first year of deal | First Year Of Deal | SV%/GP in Signing Year | % of Games Started in Signing Year | SV%/GP over Career | Contract | Adjusted to $83.5M cap |
Joonas Korpisalo | 29 | 2023 | 914 (39GP) | 48% | 904 (221GP) | ||
Robin Lehner | 28 | 2019 | 930 (46GP) | 56% | 918 (265GP) | $5.00M 1 year | $5.12M 1 year |
Karri Ramo | 29 | 2015 | 912 (34GP) | 41% | 905 (122GP) | $3.80M 1 year | $4.44M 1 year |
Jonathan Bernier | 29 | 2017 | 915 (39GP) | 48% | 915 (252GP) | $2.75M 1 year | $3.06M 1 year |
Chad Johnson | 31 | 2017 | 910 (36GP) | 44% | 915 (137GP) | $2.50M 1 year | $2.78M 1 year |
Linus Ullmark | 27 | 2020 | 915 (34GP) | 49% | 911 (97GP) | $2.60M 1 year | $2.66M 1 year |
The one scenario where Korpisalo could opt for a one-year deal would be to bet on himself, coming off a great year. The reality is teams aren’t going to pay him a ton on any deal this offseason because he doesn’t have much of a sample size of high-end goaltending (and just had two brutal seasons in a row before this past year). However, if he signs with a team where he’ll be the clear starter with the opportunity to play 50 games or more and repeats his success, he could set himself up for a much larger pay day in 2024.
He’d likely have to settle for a lower cap hit, though. He didn’t have anywhere near the stats that Robin Lehner did in his signing year and while Karri Ramo’s deal does act as a fairly good comparable, it’s also from eight years ago and the other comps would put him in the $2.65M to $3.05M range. Linus Ullmark is a fairly decent, recent comparable, and while Korpisalo has quite a bit more experience and his deal won’t come in quite that low, a general range for a one-year deal is still visible. I can’t see it coming in below his $2.8M cap hit from his 2020 contract, but around $3M or a little more is possible.
Projection
I think projecting a term for Korpisalo’s deal is really about trying to anticipate how much of a risk teams feel the netminder carries. He’s coming off a great year, but he’s struggled at times throughout his career and most teams don’t bet on a goalie with a .904 career save percentage as their starter.
Korpisalo still has never even reached the 40-game mark in any season of his career. To this point, he’s been mostly a backup goalie.
As we saw though, the netminder does have a high ceiling and at his best, he can play like a legitimate starter.
So the most likely term, based on comparables, would be either two or three years.
Term | Projected Cap hit | Maximum Cap Hit | Minimum Cap Hit |
3 years | $4.00M | $5.00M | $3.33M |
2 years | $3.50M | $4.00M | $3.00M |
That said, while unlikely, we could see Korpisalo’s deal come in as short as one year or as long as four years.
Term | Projected Cap hit | Maximum Cap Hit | Minimum Cap Hit |
4 years | $4.75M | $5.25M | $4.50M |
1 year | $3.00M | $3.50M | $2.65M |
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