Analyzing Adin Hill’s two-year contract

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Hill took a short-term deal after backstopping the Golden Knights to a Stanley Cup.


The Vegas Golden Knights announced a two-year contract extension for Adin Hill on Friday, which carries a $4.9 million cap hit.

While all of our designated UFAs from the Top-50 Free Agents received a projection article throughout June, Hill signed his deal before the projection was released. So instead, we’ll take a look at comparable contracts to evaluate how the deal looks for the Golden Knights, and whether it carries fair value.


Player Overview

A third-round pick in 2015, Adin Hill got his start with the Arizona Coyotes.

The netminder spent the majority of his first few professional years in the AHL with the Tucson Roadrunners, but got into a bit of NHL action with the Coyotes as early as 2017. Over the next two seasons from there, Hill was up-and-down between the Coyotes and Roadrunners, playing 13 NHL games in each of the 2018-19 and 2019-20 seasons, with improving results.

NHL Standard career statistics
Goalie Stats Scoring
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
2017-18 21 ARI NHL 4 4 1 3 0 14 129 115 .891 3.49 0 241 2 .500 1 3.74 0.4 0 0 0 0
2018-19 22 ARI NHL 13 11 7 5 0 32 322 290 .901 2.76 1 696 4 .364 1 2.93 1.5 0 0 0 0
2019-20 23 ARI NHL 13 9 2 4 3 28 343 315 .918 2.62 0 641 5 .556 0 90 3.0 2.81 2.3 0 0 0 2
2020-21 24 ARI NHL 19 17 9 9 1 46 530 484 .913 2.74 2 1006 8 .471 2 94 2.8 2.98 3.4 0 0 0 0
2021-22 25 SJS NHL 25 22 10 11 1 61 648 587 .906 2.66 2 1376 12 .545 4 101 -0.7 2.75 3.5 0 2 2 0
2022-23 26 VEG NHL 27 25 16 7 1 61 721 660 .915 2.45 0 1491 16 .640 4 88 8.0 2.50 4.9 0 1 1 2
4 yrs ARI NHL 49 41 19 21 4 120 1324 1204 .909 2.79 3 2584 19 .463 4 101 -1.0 3.00 7.6 0 0 0 2
1 yr SJS NHL 25 22 10 11 1 61 648 587 .906 2.66 2 1376 12 .545 4 101 -0.7 2.75 3.5 0 2 2 0
1 yr VEG NHL 27 25 16 7 1 61 721 660 .915 2.45 0 1491 16 .640 4 88 8.0 2.50 4.9 0 1 1 2
Career 6 yrs NHL 101 88 45 39 6 242 2693 2451 .910 2.66 5 5451 47 .534 12 98 4.5 2.80 16.0 0 3 3 4

Hill ended up getting a good chance with Arizona in the shortened 2021 season though, playing 19 of the team’s 56 games and posting a solid .913 save percentage. However, that marked the end of his tenure with the organization, as the goaltender was dealt to the San Jose Sharks in the summer of 2021, with a second-round pick part of the deal going back the other way.

The Sharks were hoping Hill would come in and solve their goaltending issues, which had been a major story for the team since Martin Jones’ steep decline. While Hill got a great opportunity though, he couldn’t take advantage and got into only 25 games with San Jose, posting a .906 save percentage. Behind both James Reimer and Kaapo Kahkonen (who had been acquired at the trade deadline), the Sharks decided Hill was the odd-man out. As a result, Hill was shipped to the Vegas Golden Knights last offseason, with only a fourth-round pick going back the other way.

With Vegas, Hill wasn’t expected to get much of a role. However, massive injury issues in goal changed things, and Hill got into 27 games where he managed a .915 save percentage. Still, he was just anticipated to be a backup to Laurent Brossoit in the playoffs, with Brossoit starting the team’s first eight playoff games. But once again, injuries hit the Golden Knights in net and with Brossoit out, Hill took over in goal.

It was the first NHL playoff action for Hill and he was excellent, posting a .932 save percentage across 16 games. With Golden Knights going on to win the Stanley Cup, Hill was a big part of the run.

Even with Hill’s new two-year extension though, he still finds himself in an interesting situation with the Golden Knights. Logan Thompson will be back, and Robin Lehner could return as well. If so, Hill could once again find himself in a goaltending logjam.


What We Know


Comparables

Below, we’ll take a look at contracts for goaltenders with around the same NHL experience and stats, to analyze Hill’s deal.

Note: The comparables used are goalies who signed their contract at a similar age. All ages listed are related to how old the player was by Dec. 31 in the first year of their contract.

4 YEARS

Four years was probably the maximum term that Hill would’ve received. He started a low percentage of his team’s games in his signing year, but there were some comparables for it.

PlayerAge at first
year of deal
First Year
Of Deal
SV%/GP in
Signing Year
% of Games
Started in
Signing Year
SV%/GP
over Career
ContractAdjusted to
$83.5M cap
Adin Hill272023915
(27GP)
33%910
(101GP)
Linus Ullmark282021917
(20GP)
36%912
(117GP)
$5.00M
4 years
$5.12M
4 years
Jake Allen272017920
(47GP)
57%915
(99GP)
$4.35M
4 years
$4.84M
4 years
Scott Darling292017924
(32GP)
39%923
(75GP)
$4.15M
4 years
$4.62M
4 years

Despite coming off a Cup win, Hill did have lower stats than every goalie listed above, both in his signing year and in his contract year. That said, he wasn’t significantly lower than the numbers other goalies posted, and was actually quite comparable to Ullmark. So especially after a Cup win, there was a good chance a four-year deal would’ve landed him in the $4.6M to $5.1M range.

However, from Hill’s perspective, he has to think that another couple good years could set him up for a much a larger contract later, rather than taking his big deal now. So while a team probably could’ve been willing to pay this, betting on himself a bit makes some sense.


3 YEARS

Three years would’ve been another possibility for Hill’s deal.

PlayerAge 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
(1st year of deal)
Adjusted to
$83.5M cap
Adin Hill272023915
(27GP)
33%910
(101GP)
Cal Petersen282022911
(35GP)
63%916
(54GP)
$5.00M
3 years
$5.06M
3 years
Ville Husso272022919
(40GP)
49%912
(57GP)
$4.75M
3 years
$4.81M
3 years
Antti Raanta292018930
(47GP)
57%922
(141GP)
$4.25M
3 years
$4.46M
3 years
Jacob Markstrom272017915
(33GP)
40%904
(83GP)
$3.67M
3 years
$4.09M
3 years
Tristan Jarry252020921
(33GP)
47%914
(62GP)
$3.50M
3 years
$3.59M
3 years
Philipp Grubauer272018923
(35GP)
43%923
(101GP)
$3.33M
3 years
$3.50M
3 years
Alexander Georgiev262022898
(33GP)
40%908
(129GP)
$3.40M
3 years
$3.44M
3 years
Vitek Vanecek262022908
(42GP)
51%908
(79GP)
$3.40M
3 years
$3.44M
3 years
*Deal signed mid-season – stats from season before the point of signing are used.

Looking at the comps for a three-year deal, it’s hard to tell where Hill fits in. Obviously, only regular season stats are listed as well, and Hill’s value came from his playoff performance. Based on both singing year and career save percentage, Hill would’ve been above Georgiev and Vanecek. After that though, it does get more complicated, given Hill had better career numbers than Markstrom, but worse than both Jarry and Grubauer.

Perhaps the best comparable would be Ville Husso. The netminder had a very limited sample size of high-end play to go off, and secured a $4.75M deal for three years. If Hill had taken a three-year deal, I think somewhere around that range was probably realistic.


2 YEARS

Two years was likely the shortest deal Hill would take, given he would’ve had a lot of interest if the hit free agency. Even if he wanted to take a short deal to continue building his value before trying to sign a longer and more expensive deal later, there was no reason to take a single year. Hill is only 27 years old, so even after a two-year deal, he’d be re-entering free agency in his prime, at 29 years old.

PlayerAge at first
year of deal
First Year
Of Deal
SV%/GP in
Signing Year
% of Games
Started in
Signing Year
SV%/GP
over Career
ContractAdjusted to
$83.5M cap
Adin Hill272023915
(27GP)
33%910
(101GP)
Sergei Bobrovsky252013932
(38GP)
79%917
(121GP)
$5.63M
2 years
$7.31M
2 years
Jordan Binnington262019927
(32GP)
39%926
(33GP)
$4.40M
2 years
$4.51M
2 years
Jonathan Bernier252013922
(14GP)
29%912
(62GP)
$2.90M
2 years
$3.77M
2 years
Alex Nedeljkovic252021932
(23GP)
41%928
(29GP)
$3.00M
2 years
$3.07M
2 years

Of the contracts above, the best comp would be Jordan Binnington.

Binnington emerged as the St. Louis Blues’ starter near the end of the 2018-19 season, leading them through the playoffs to a Stanley Cup. To compare the netminders’ playoff stats: Hill had a .932 save percentage in 16 games, while Binnington had a .914 save percentage across 26 games.

Hill also had significantly more experience at the time of signing and had already solifdiied himself as an NHL goalie. As a result, it’s not overly surprising to see Hill come in a little above Binnington on a two-year deal.


Final Analysis

This is a deal that makes sense for both sides and there are comps to justify both the the price and the term.

Hill gets a bit of security, with an opportunity to re-enter free agency once again in his 20s in 2025. If he can build his value from here, Hill will be set for a long-term deal later, potentially at quite a bit more money.

For Vegas, they limit their risk by only committing for two years to a goalie who has a pretty limited sample size as a high-performing starter, while still retaining Hill short-term.

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