The extension will keep Hill in Vegas until 2031.

• Player Overview
• Comparables
• Final Analysis

---

The Vegas Golden Knights signed goaltender Adin Hill to a six-year contract extension earlier this month, which carries a $6.25M cap hit. The deal kicks in for the 2025-26 season, and comes with a partial no-trade clause.

Below, we take a look at what kind of value the Golden Knights are getting with the contract.

---

Player Overview

Beginning his professional career as part of the Arizona Coyotes organization, it took a few years for Hill to establish himself as a full-time NHL goalie. Then by the time he had done so, he ended up being shipped to the San Jose Sharks, where he spent the 2021-22 season.

While things didn’t end up working out in San Jose, Hill was acquired by Vegas in the summer of 2022, being acquired for just a fourth-round pick. The low-cost gamble worked out great for the Golden Knights, who ended up relying on Hill when they were hit with a series of injuries between the pipes. Hill took advantage of the opportunity, becoming the team’s starter in the playoffs, and guiding the team to their first Stanley Cup.

Hill has had some ups and downs since, but has overall remained steady across the last two seasons since the Cup win. Then after tandem partner Logan Thompson was traded to the Washington Capitals last summer, Hill has been counted on to carry the bulk of the load in the Golden Knights’ crease.

Now with a six-year extension in place, Hill will be the go-to guy in Vegas for the forseeable future.

---

Comparables

With Hill turning 29 years old in May, we’ll take a look at other contracts signed by goaltenders at a similar age, to get a sense of whether the deal carries fair value. The age listed in the tables below represent a netminder’s age by Dec. 31 in the first year of their contract, and comparables for other contract lengths will be listed as well.

6 YEARS

Looking at other goaltenders who signed six-year deals recently around Hill’s age, there’s actually a bit of a mismatch in numbers between Hill and many of the comps. Every comparable listed below had both better signing year stats, and better career stats at the time in which they signed their six-year extension.

Player	Age at first year of deal	First Year Of Deal	SV% in Signing Year	% of Games Started in Signing Year	SV% over Career	Contract	Adjusted to $95.5M cap
*Adin Hill	29	2025	906 39GP	60%	909 175GP
**Corey Crawford	30	2014	926 30GP	58%	913 152GP	$6.00M 6 years	$8.30M 6 years
*Jordan Binnington	28	2021	908 19GP	–	915 102GP	$6.00M 6 years	$7.03M 6 years
Jacob Markstrom	30	2020	918 43GP	61%	911 272GP	$6.00M 6 years	$7.03M 6 years
Philipp Grubauer	30	2021	922 40GP	70%	920 214GP	$5.90M 6 years	$6.91M 6 years
**Martin Jones	28	2018	912 65GP	79%	916 164GP	$5.75M 6 years	$6.91M 6 years
Ben Bishop	31	2017	910 39GP	45%	919 270GP	$4.92M 6 years	$6.26M 6 years
*Logan Thompson	28	2025	925 27GP	53%	915 130GP	$5.85M 6 years	$5.85M 6 years
Devan Dubnyk	29	2015	929 58GP	67%	914 231GP	$4.33M 6 years	$5.79M 6 years

Of course, an increase in league scoring over the last decade does mean Hill’s .906 save percentage this season before signing was much more valuable than it would’ve been a few years ago.

At the same time, compare Hill to ex-tandem partner Logan Thompson, who also signed a six-year extension this season. Despite Thompson’s signing year stats being significantly better than those of Hill (and having better career numbers as well, by a bit of a margin), Hill managed to earn a $6.25M cap hit, compared to Thompson’s $5.85M cap hit.

The likes of Jacob Markstrom and Corey Crawford did have career numbers that aligned closer to those of Hill, but again, their signing year stats were still drastically different.

So while Hill’s percentage of games started in his signing year and career experience do align relatively well against the comps, his numbers look like an outlier compared to the comps listed.

---

While Hill ended up signing a six-year deal, below, we look at what a contract could’ve looked like at a longer, or shorter length.

---

7/8 YEARS

In comparing Hill’s numbers to those of goalies who signed seven or eight-year deals, he was never likely to get this length of 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 $95.5M cap
*Adin Hill	29	2025	906 39GP	60%	909 175GP
**Carey Price	31	2018	923 62GP	76%	920 509GP	$10.50M 8 years	$12.61M 8 years
Sergei Bobrovsky	31	2019	913 62GP	76%	919 457GP	$10.00M 7 years	$11.72M 7 years
*Igor Shesterkin	30	2025	908 19GP	–	920 232GP	$11.50M 8 years	$11.50M 8 years
**Connor Hellebuyck	31	2024	920 64GP	78%	916 445GP	$8.50M 7 years	$9.22M 7 years
**Ilya Sorokin	29	2024	924 62GP	73%	924 136GP	$8.25M 8 years	$8.67M 8 years
**Cory Schneider	29	2015	921 45GP	52%	925 143GP	$6.00M 7 years	$7.77M 7 years
**Juuse Saros	30	2025	906 64GP	78%	917 350GP	$7.74M 8 years	$7.74M 8 years

His signing year save percentage actually did align with numbers posted by Igor Shesterkin and Juuse Saros, but obviously, those netminders had much better career numbers, and were tasked with a higher workload.

Simply, a seven or eight-year deal for Hill would’ve come as a huge surprise, and wasn’t warranted based on his numbers.

---

5 YEARS

There’s been a recent trend towards netminders around Hill’s age and experience taking five-year deals: notably, Mackenzie Blackwood, Ukko-Pekka Luukkonen, Joey Daccord, Karel Vejmelka, and Kevin Lankinen.

Comparing Hill’s stats to the comps listed, he also arguably aligns better with some of these netminders, compared to the six-year comps.

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 $95.5M cap
*Adin Hill	29	2025	906 39GP	60%	909 175GP
**Elvis Merzlikins	28	2022	916 28GP	41%	920 61GP	$5.40M 5 years	$6.25M 5 years
Darcy Kuemper	32	2022	921 57GP	70%	918 299GP	$5.25M 5 years	$6.08M 5 years
Tristan Jarry	28	2023	909 47GP	57%	914 206GP	$5.38M 5 years	$6.15M 5 years
Robin Lehner	29	2020	920 36GP	49%	918 301GP	$5.00M 5 years	$5.86M 5 years
Jack Campbell	30	2022	914 49GP	57%	916 135GP	$5.00M 5 years	$5.79M 5 years
*Mackenzie Blackwood	29	2025	916 24GP	–	905 220GP	$5.25M 5 years	$5.25M 5 years
Ukko-Pekka Luukkonen	26	2024	910 54GP	66%	904 100GP	$4.75M 5 years	$5.15M 5 years
**Joey Daccord	29	2025	916 50GP	56%	907 69GP	$5.00M 5 years	$5.00M 5 years
*Karel Vejmelka	29	2025	910 38GP	57%	900 178GP	$4.75M 5 years	$4.75M 5 years
Joonas Korpisalo	29	2023	914 39GP	45%	904 221GP	$4.00M 5 years	$4.57M 5 years
*Kevin Lankinen	30	2025	905 34GP	57%	905 146GP	$4.50M 5 years	$4.50M 5 years
James Reimer	28	2016	922 40GP	49%	914 215GP	$3.40M 5 years	$4.45M 5 years

Comparing Hill’s numbers to those of those Vejmelka and Lankinen in particular – who each very recently signed a five-year contract – their signing year numbers align fairly closely. Hill may have had the better career stats than both, but it’s not such a discrepancy that it would point to a significantly higher cap hit than what Vejmelka and Lankinen received.

Plus, Both Vejmelka and Lankinen had similar career experience, and a nearly identical number of games started in their signing year. So there’s certainly justification for a five-year deal for Hill instead, perhaps above the cap hits of Vejmelka and Lankinen, a little north of $5M.

Looking at the top five goalies listed on the table though, and all had much better stats than Hill. Even if those deals were signed a few years ago, it’s still a pretty noticeable difference between their stats and Hill’s stats. As a result, it’s tough to justify a cap hit as high as $6.25M for Hill, even if it were on a five-year deal instead of a six-year deal.

Of course, there’s arguably the ‘Stanley Cup tax’ that comes with Hill’s extension. Just two years removed from backstopping Vegas to a Cup, there’s likely a premium attached, compared some of the goalies with similar numbers. But at least in comparing stats, Hill arguably aligns closer to comps for a five-year contract, versus comps for a six-year contract.

---

4 YEARS

While a five-year deal may have been better suited for Hill than a six-year deal, anything less than five years was also unlikely. Taking a quick look at comparables for four-year deals, and there’s a very limited sample size.

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 $95.5M cap
*Adin Hill	29	2025	906 39GP	60%	909 175GP
**Linus Ullmark	32	2025	915 40GP	48%	918 247GP	$8.25M 4 years	$8.25M 4 years
*Marc-Andre Fleury	31	2015	917 75GP	–	911 540GP	$5.75M 4 years	$7.69M 4 years
Semyon Varlamov	31	2019	909 49GP	60%	916 448GP	$5.00M 4 years	$5.86M 4 years
Linus Ullmark	28	2021	917 20GP	36%	912 117GP	$5.00M 4 years	$5.86M 4 years
Scott Darling	29	2017	924 32GP	39%	923 75GP	$4.15M 4 years	$5.28M 4 years

Other than Linus Ullmark’s extension with the Ottawa Senators, we really haven’t seen any recent four-year contracts for comparable goaltenders. Plus, with Ullmark beginning his contract at 32 years old (three years older than Hill), there’s more risk of decline, which points towards why Ullmark may not have been able to get as much term on his deal.

As a result, any contract at less than five years wasn’t overly likely for Hill.

---

Final Analysis

This is a contract that could certainly work out well for Vegas: and Hill has been great since inking the extension, with a .928 save percentage and 3-0-1 record across his last four games. At the same time, it’s probably fair to question both the term, and the cap hit a little bit.

You could argue Hill should’ve been more in line for a five-year deal than a six-year deal, based on recent comparables. His numbers aligned more closely to the likes of Karel Vejmelka and Kevin Lankinen, rather than most of the comps for a six-year deal. Plus, prior to this season, Hill had yet to play more than 35 regular season games in a single year. So there’s not necessarily a huge sample size of Hill taking on a large workload, to justify that he’ll be a dependable, long-term starter.

In terms of the cap hit, it’s arguably a little too expensive as well. Especially comparing Hill to former tandem partner Logan Thompson, Thompson’s numbers were much better both in his signing year and over his career. So it’s a little tough to justify Hill getting a cap hit that’s $400,000 higher than Thompson’s deal, at the same contract term.

Overall, the deal is likely a little bit too long and a little bit too expensive, but it’s also not a massive overpayment. As long as Hill can stay healthy and steady in the Golden Knights’ crease, the deal could end up working out quite well, especially as the salary cap rises.