New York Islanders Rumors: Contract Extension "Imminent" For Goalie

Throughout the 2022 trade deadline and subsequent off-season, there were persistent rumors and fan discussions regarding the future of goaltender Semyon Varlamov with the New York Islanders.

Despite calls for him to be traded, Varlamov expressed his strong desire to remain with the team, emphasizing his belief in their future success.

His sentiments were echoed by Islanders' General Manager Lou Lamoriello, further solidifying the desire to maintain their relationship.

Semyon Varlamov is going to re-sign with the New York Islanders per @TheFourthPeriod. The deal could be for two years. Varlamov is one of the best backups in the NHL. The Islanders have TOP3 goalie duo, if not the best one. pic.twitter.com/mwE70maqxQ

— Andy & Rono (@ARHockeyStats) June 28, 2023

The bond between Varlamov and his goaltending counterpart, Ilya Sorokin, played a significant role in the decision not to trade Varlamov.

Their friendship and on-ice chemistry were valued by the organization, leading them to consider a contract extension for Varlamov.

Talks of a potential two-year deal with an annual average value of $2-2.5 million have been circulating, aligning with the Islanders' aim to keep the combined cost of their top-tier goaltending duo around $9 million.

Hearing Semyon Varlamov is leaning towards signing an extension with the #Isles. Sounds like it could be a two-year deal if/when it gets done. Also, Josh Bailey remains out there in the trade market as NYI try to free up his $5M cap hit.

— David Pagnotta (@TheFourthPeriod) June 28, 2023

Varlamov's track record has bolstered his value to the team.

With solid regular-season statistics of a 59-51-14 record, 2.54 goals against average (GAA), and a .917 save percentage (SV%) in 135 games, as well as impressive playoff performances with an 18-14 record, 2.31 GAA, and .922 SV% in 34 games, Varlamov has proven his worth as a reliable netminder for the Islanders. Photo Credit: Brad Penner-USA TODAY Sports