Projecting Jeremy Swayman’s 2024 contract

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Swayman is set to take the reins as the Bruins’ starter for the forseeable future.


Player Overview

Over the last three seasons, Jeremy Swayman has solidified himself as one of the most consistent goalies in the NHL. Posting between a .914 and .920 save percentage across his three full NHL seasons, Swayman, along with Linus Ullmark, have provided the Bruins with perhaps the NHL’s best goaltending tandem.

However, with Ullmark being dealt to Ottawa earlier in the offseason, the stage is set for Swayman to take over as the team’s true starter. While Joonas Korpisalo can take on some of the workload as well, the expectation is that Swayman will get a far larger role in the coming years, likely pushing over the 50-game mark for the first time in his career.

While he has yet to take on a really large role in a single season, the Bruins have a goalie in Swayman who could potentially be the team’s long-term starter, for the majority of the next decade.


What We Know

  • With Linus Ullmark traded to Ottawa, Swayman is expected to take on a larger workload next season.
  • Swayman elected not to file for salary arbitration this year.

Comparables

With Swayman turning 26 years old in November, we’ll take a look at goalies who were between 24 and 28 years old in the first year of their contract (by Dec. 31) and posted similar numbers before signing, to get a sense of what Swayman’s deal could look like.

7/8 YEARS

Maximum-term contracts for goalies have become fairly rare. If Swayman was to sign a seven or eight-year deal though, the two notable comparables who signed around the same age are Andrei Vasilevskiy and John Gibson.

PlayerAge at first
year of deal
First Year
Of Deal
SV%/GP in
Signing Year
% of Games
Played in
Signing Year
SV%/GP
over Career
ContractAdjusted to
$88M cap
Jeremy Swayman262024916
44GP
54%920
144GP
*Andrei Vasilevskiy262020925
53GP
65%919
208GP
$9.50M
8 years
$10.26M
8 years
*John Gibson262019926
60GP
73%923
178GP
$6.40M
8 years
$6.91M
8 years
*Deal signed one year out – stats used from season prior to signing for signing year stats

The issue with projecting this length of deal is that the comparables in Vasilevskiy and Gibson have very similar numbers, but drastically different cap hits on their respective eight-year contracts. As a result, it’s very difficult to determine how Swayman’s value aligns against the comparables.

If we split the difference between the Vasilevskiy and Gibson adjusted cap hits, the middle ground would be right around $8.5M. So if the numbers that Vasilevskiy and Gibson posted equate to roughly an $8.5M cap hit in terms of value, we know Swayman would be much lower.

While his career save percentage is very comparable, he had a much lower signing-year save percentage, a lower percentage of games played in his signing year, and less career experience. As a result, rather than his value being around $8M, he’s likely a lot closer to the $7M mark. With so few comps around Swayman’s age for seven or eight-year deals, it’s difficult to get any closer in terms of a projection, but somewhere roughly around $7M would be the likely landing spot for Swayman’s cap hit on a seven or eight-year deal.


6 YEARS

A six-year deal is another possibility for Swayman’s contract, with comps below.

PlayerAge at first
year of deal
First Year
Of Deal
SV% in
Signing Year
% of Games Started
in Signing Year
SV% over
Career
ContractAdjusted to
$88M cap
Jeremy Swayman262024916
44GP
54%920
144GP
Connor Hellebuyck252018924
67GP
82%917
149GP
$6.17M
6 years
$6.83M
6 years
**Jordan Binnington282021908
19GP
915
102GP
$6.00M
6 years
$6.48M
6 years
Martin Jones282018912
65GP
79%916
164GP
$5.75M
6 years
$6.36M
6 years
**Midseason signing – stats from games played in season before signing used for signing year stats

Of the comps though, we know Swayman’s stats are better than those of both Binnington and Jones. At the same time, he also had a much lower percentage of games played in his signing year than Jones did. So while Swayman’s numbers are quite a bit better, his value may not be drastically higher than Jones’ $6.35M adjusted cap hit.

Meanwhile, his numbers actually don’t look quite as strong against Connor Hellebuyck. With a lower signing year save percentage and a much lower percentage of games played in his signing year, Swayman’s cap hit would be below Hellebuyck’s $6.83M.

As a result, we get a pretty defined range of what we could expect for Swayman on a six-year deal, likely around the $6.5M mark.


5 YEARS

A five-year deal is another option, which would set up Swayman to re-enter the market at almost 31 years old.

PlayerAge at first
year of deal
First Year
Of Deal
SV%/GP in
Signing Year
% of Games
Played in
Signing Year
SV%/GP
over Career
ContractAdjusted to
$88M cap
Jeremy Swayman262024916
44GP
54%920
144GP
Braden Holtby262015923
73GP
89%921
178GP
$6.10M
5 years
$7.52M
5 years
Frederik Andersen262016919
43GP
52%918
125GP
$5.00M
5 years
$6.03M
5 years
*Elvis Merzlikins282021916
28GP
50%920
61GP
$5.40M
5 years
$5.83M
5 years
Tristan Jarry282023909
47GP
57%914
206GP
$5.38M
5 years
$5.67M
5 years
**Thatcher Demko262021917
25GP
911
62GP
$5.00M
5 years
$5.40M
5 years
*Deal signed one year out – stats used from season prior to signing for signing year stats
**Midseason signing – stats from games played in season before signing used for signing year stats

Based on the comps, we can also get a pretty defined sense of what Swayman could make at this length of deal.

His deal should come in quite a ways below Braden Holtby’s $7.5M adjusted cap hit, based on lower save percentage both in his signing year and over his career, as well as fewer career games played and a much lower percentage of games played in his signing year.

After that though, Swayman’s value is likely above any other comp on the list. His numbers were well above Tristan Jarry, while he had much more experience than Thatcher Demko, as well as a much higher career save percentage.

Two of the most interesting comps are Elvis Merzlikins ($5.8M adjusted cap hit) and Frederik Andersen ($6M adjusted cap hit). His numbers were identical to Merzlikin’s at the time of signing, while also having played a very similar number of games in his signing year. However, the key difference is that Swayman has over twice the career experience of Merzlikins, so we can say pretty definitively that Swayman would come in above that $5.8M mark.

Then comparing him to Andersen, Swayman had the slightly better career save percentage, but Andersen had the slightly better signing year save percentage. Meanwhile, the goalies played a very similar percentage of their team’s games in their signing year. Swayman had about 20 more games of experience when compared to Andersen, but while Swayman may come in a touch above Andersen’s $6M adjusted cap hit, the deal represents a very good look at what Swayman could make on a five-year deal, likely just slightly north of $6M.


4 YEARS

Four years is also one of the more likely possible lengths for Swayman’s contract.

PlayerAge at first
year of deal
First Year
Of Deal
SV%/GP in
Signing Year
% of Games
Played in
Signing Year
SV%/GP
over Career
ContractAdjusted to
$88M cap
Jeremy Swayman262024916
44GP
54%920
144GP
*Sergei Bobrovsky272015914
29GP
918
208GP
$7.43M
4 years
$9.16M
4 years
Matt Murray262020899
38GP
54%914
199GP
$6.25M
4 years
$6.75M
4 years
Igor Shesterkin262021932
35GP
63%921
47GP
$5.67M
4 years
$6.12M
4 years
Juuse Saros262021927
36GP
64%920
155GP
$5.00M
4 years
$5.40M
4 years
Linus Ullmark282021917
20GP
36%912
117GP
$5.00M
4 years
$5.40M
4 years
Jake Allen272017920
47GP
57%915
99GP
$4.35M
4 years
$5.10M
4 years
**Midseason signing – stats from games played in season before signing used for signing year stats

At the same time, it’s somewhat tough to pinpoint the goalie’s value on a four-year deal. Comparing his numbers to some of the highest comps in Bobrovsky and Murray, Swayman’s numbers look better. However, lower down the table, Swayman’s stats actually don’t compare as well against goalies at a lower cap hit, in Igor Shesterkin and Juuse Saros. As a result, finding a defined range is a little difficult.

A decent comp would be Swayman’s former tandem partner, Linus Ullmark. That said, with a much higher percentage of games played in his signing year, as well as a much higher career save percentage, and more career experience, we know Swayman would be a little ways above Ullmark’s $5.4M adjusted cap hit. So while it’s a little tougher to get more precise with a projection for a four-year deal, the most likely cap hit scenario would be somewhere up around the $6M mark.


3 YEARS

At three years, we’d verge into unlikely territory for Swayman’s deal, based on a shorter length of contract than expected.

PlayerAge at first
year of deal
First Year
Of Deal
SV%/GP in
Signing Year
% of Games
Played in
Signing Year
SV%/GP
over Career
ContractAdjusted to
$88M cap
Jeremy Swayman262024916
44GP
54%920
144GP
*Cal Petersen282022911
35GP
63%916
54GP
$5.00M
3 years
$5.33M
3 years
Ville Husso272022919
40GP
49%912
57GP
$4.75M
3 years
$5.07M
3 years
Ilya Sorokin262021918
22GP
39%918
22GP
$4.00M
3 years
$4.32M
3 years
Jacob Markstrom272017915
33GP
40%904
83GP
$3.67M
3 years
$4.31M
3 years
Jake Oettinger242022914
48GP
59%913
77GP
$4.00M
3 years
$4.27M
3 years
Filip Gustavsson252023931
39GP
48%920
66GP
$3.75M
3 years
$3.95M
3 years
Tristan Jarry252020921
33GP
47%914
62GP
$3.50M
3 years
$3.78M
3 years
Chris Driedger272021927
23GP
41%929
38GP
$3.50M
3 years
$3.78M
3 years
Philipp Grubauer272018923
35GP
43%923
101GP
$3.33M
3 years
$3.69M
3 years
Alexander Georgiev262022898
33GP
40%908
129GP
$3.40M
3 years
$3.63M
3 years
Vitek Vanecek262022908
42GP
51%908
79GP
$3.40M
3 years
$3.63M
3 years
*Deal signed one year out – stats used from season prior to signing for signing year stats

Comparing him to all goalies listed above who took three-year deals, Swayman’s numbers are either definitively better than any goalie listed, or he has a much higher number of career games played. Even comparing him to the two goalies listed who have an adjusted cap hit at $5M+ (Cal Petersen and Ville Husso), and Swayman’s numbers look significantly better.

As a result, in the unlikely scenario that Swayman did end up on a three-year deal, it’s likely to end up a little ways above Petersen’s $5.33M adjusted cap hit.


2 YEARS

Two years would be another unlikely term for Swayman’s deal, with comparables below.

PlayerAge at first
year of deal
First Year
Of Deal
SV%/GP in
Signing Year
% of Games
Played in
Signing Year
SV%/GP
over Career
ContractAdjusted to
$88M cap
Jeremy Swayman262024916
44GP
54%920
144GP
Adin Hill272023915
27GP
33%910
101GP
$4.90M
2 years
$5.16M
2 years
Jontathan Bernier272015912
58GP
71%916
175GP
$4.13M
2 years
$5.09M
2 years
Petr Mrazek242016921
54GP
66%920
94GP
$4.00M
2 years
$4.82M
2 years
Jordan Binnington262019927
32GP
39%926
33GP
$4.40M
2 years
$4.75M
2 years
Elvis Merzlikins262020923
33GP
47%923
33GP
$4.00M
2 years
$4.32M
2 years

Once again, Swayman’s numbers look better than those of both Hill and Bernier, at the top of the table. While Mrazek, Binnington and Merzlikins all had great numbers, they really lacked in terms of career experience.

Adin Hill likely did see a bit of an inflated cap hit after his Stanley Cup win in Vegas, which could mean Swayman’s deal may not be drastically higher, while Bernier had a much higher percentage of games played in his signing year. Still though, we can pretty comfortably say that Swayman’s deal would come in well above the $5M mark, based on his numbers being quite a bit better than both Hill and Bernier.


1 YEAR

Coming off a one-year deal, it’s unlikely that Swayman takes another. Especially after not filing for arbitration, a one-year contract may be the most unlikely contract length possible.

PlayerAge at first
year of deal
First Year
Of Deal
SV%/GP in
Signing Year
% of Games
Played in
Signing Year
SV%/GP
over Career
ContractAdjusted to
$88M cap
Jeremy Swayman262024916
44GP
54%920
144GP
Robin Lehner282019930
46GP
56%918
265GP
$5.00M
1 year
$5.40M
1 year
Ilya Samsonov262023919
42GP
51%908
131GP
$3.55M
1 year
$3.74M
1 year
Jeremy Swayman252023920
37GP
45%920
88GP
$3.48M
1 year
$3.67M
1 year

That said, in the case he did opt for another one-year contract, it’s likely to come in higher than his $3.5M deal this season.

Ilya Samsonov ($3.75M adjusted cap hit) had a fairly comparable signing year, percentage of games played, and career experience, but his career numbers were drastically lower than Swayman’s stats. At the same time though, Robin Lehner had more career experience, and a much higher signing year save percentage, which points to the fact Swayman’s value would be lower than Lehner’s $5.4M adjusted cap hit.

With Swayman somewhere in between those two numbers on a one-year deal, his value would likely be somewhere around the $4.5M range. Again though, it’s a really unlikely outcome.


Projection

A deal between four and six years may be most likely for Swayman’s contract, at varying cap hits.

TermProjected Cap hitMaximum Cap HitMinimum Cap Hit
6 years $6.50M$7.00M$6.00M
5 years $6.20M$6.50M$6.00M
4 years $6.00M$6.50M$5.50M

If Swayman did end up with a seven or eight-year contract, it would likely come in around the $7M mark.

TermProjected Cap hitMaximum Cap HitMinimum Cap Hit
7/8 years $7.00M$7.50M$6.50M

A deal between one and three years would be the least likely outcome for Swayman’s contract.

TermProjected Cap hitMaximum Cap HitMinimum Cap Hit
3 years$5.75M$6.00M$5.50M
2 years$5.50M$6.00M$5.00M
1 year$4.50M$5.25M$4.00M

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