Senators Sign Linus Ullmark To Four-Year Extension

The Senators have signed goaltender Linus Ullmark to a four-year, $33MM extension, the team announced today. TSN’s Darren Dreger was the first to report the news. It will carry a cap hit of $8.25MM and keep him in Canada’s capital through the 2028-29 season.

The deal closes a brief period of uncertainty for the Sens, who parted ways with the No. 25 pick in this year’s draft, Joonas Korpisalo, and Mark Kastelic to bring the 2023 Vezina Trophy winner in from the Bruins over the offseason without any assurances the pending free agent would sign an extension. Instead, the 31-year-old will avoid becoming a UFA for the second time in his career and play out the remainder of his prime years in Ottawa.

However, Ullmark isn’t doing his new team any favors with a discount on his market value. His $8.25MM cap hit is identical to the eight-year deal his former tandem partner Jeremy Swayman signed to remain in Boston long-term. He’s much older, though, and while he’s been a decidedly above-average netminder for five years in a row now, he likely couldn’t have commanded a more prosperous deal on the open market. That does offer some explanation for why he’s opted to sign this agreement so soon into extension talks, which were nonexistent as recently as two weeks ago, per reports.

But it’s also quickly coming into view that Swayman has already accomplished his self-stated goal of resetting the goalie market with his contract. Before he signed, it would have been hard to imagine Ullmark landing a contract just $250K shy annually of the recent long-term extension that Connor Hellebuyck, a more established bona fide No. 1, signed in Winnipeg not too long ago. Now, however, Ullmark easily becomes the fourth-highest-paid goalie in the league next season, although he’ll drop to fifth at some point. He was the second-best goalie atop the 2025 UFA class, outmatched by Rangers star Igor Shesterkin. But after reportedly rejecting an eight-year, $88MM offer to keep him in New York, the latter remains without a deal.

After spending his entire career until the 2021 offseason in the Sabres organization, Ullmark cashed in with a four-year, $20MM deal with the Bruins. The Swede had posted solid numbers in limited action in Buffalo but emerged as an outright star in Boston, delivering a rock-solid .917 SV% and 11.0 GSAA in 41 appearances in his first season as the Bruins dealt with the retirement of franchise netminder Tuukka Rask. He split the net evenly…