In a major trade, the Devils acquired goalie Jacob Markstrom from the Calgary Flames. The Flames will be retaining 31.25 percent of Markstrom’s remaining contract, which means the Devils will have a cap hit of $4.125 million per season for Markstrom.

Markstrom is a two-time All-Star and has finished in the top five in Vezina Trophy voting two of the last five seasons. He is under contract through the 2025-2026 season, earning $6 million annually.

In exchange for Markstrom, the Devils are sending defenseman Kevin Bahl and a first-round pick (top 10 protected) in the 2025 NHL Draft to Calgary. Bahl is a promising young player who has shown great potential in his time with the Devils organization.

The Flames had traded Markstrom to Calgary just a few months ago, but he was already making an impact for them in his first year with the team. In 48 games played during the 2024-2025 season, he had a 2.78 goals-against average and a .905 save percentage. His standout season was in 2021-202