The Stars have signed star goaltender Jake Oettinger to an eight-year, $66M extension, the team confirmed. He’ll count $8.25M against the cap starting next season through the 2032-33 campaign.
Per PuckPedia, Oettinger’s deal is nearly a photocopy of the one Bruins netminder Jeremy Swayman signed earlier this month, only affording him a no-move clause for an additional year because of his age. The full breakdown is as follows:
2025-26: $6M base salary + $4M signing bonus
2026-27: $6M + $4M SB, full no-move clause
2027-28: $5.5M + $2M SB, NMC
2028-29: $5M + $3M SB, NMC
2029-30: $5.5M + $2.5M SB, NMC
2030-31: $5.5M + $2.5M SB, NMC
2031-32: $5M + $2.5M SB, 10-team yes-trade list
2032-33: $4.5M + $2.5M SB, 10-team no-trade list
Oettinger, 25, has firmly established himself as one of the league’s top young netminders over the past four years. After Dallas made him the 26th overall pick of the 2017 draft, he made his NHL debut during the COVID-shortened 2020-21 season. He’d taken over as the Stars’ No. 1 by the following year and hasn’t looked back, finishing as high as fifth in Vezina Trophy voting in 2022-23.
Through his first 196 NHL appearances, Oettinger boasts a sparkling 116-48-23 record — due significantly in part to having one of the deepest skater corps in the league in front of him during that time. He’s logged a .914 SV%, 2.49 GAA, 11 SOs and a cumulative 44.2 GSAA. The Minnesota native has yet to post below-average numbers in a single season, although he came close last year with a .905 SV% and a 2.7 GSAA in 54 games. He responded well with a .913 SV% in 19 postseason games, though, quieting most concerns about any long-term regression.
He’s also burst out of the gates this year with a .948 SV%, 1.63 GAA and a shutout in three showings. That’s helped Dallas to a 4-0-0 record that has them tied for first in the league with the upstart Flames. That hot start may have urged the Stars to get a contract signed before Oettinger increased his market value even more — Frank Seravalli of Daily Faceoff reports the two sides had been negotiating this extension for less than a week.
The former Boston University standout is a core piece of a Stars club that’s firmly in a championship contention phase after making the Western Conference Final in back-to-back seasons. Getting his extension done now allows them to keep the momentum going and give two-time general manager of the year Jim Nill more time to plan for extensions for some big-name forwards, including captain and pending UFA Jamie Benn and pending RFA Wyatt Johnston. Dallas has almost $25M in projected cap space next season after the deal, assuming a salary cap of $92.5M, with 10 roster spots to fill.
It’s also not surprising to see Oettinger put pen to paper on a long-term deal. They’ve prioritized term on extensions whenever financially possible, inking roster staples like Miro Heiskanen and Roope Hintz to eight-year deals over the past few years. They haven’t shied away from bridge deals when need be, though, such as Jason Robertson’s four-year, $31M contract and Thomas Harley’s two-year, $8M deal.
Oettinger was undoubtedly the top pending RFA in terms of netminders on next year’s market. Without many NHL options remaining on that list, that honor now likely goes to Buffalo’s Devon Levi.
Elliotte Friedman of Sportsnet was first to report the contract and its terms.
