Goaltender Cal Petersen reached a deal with the Los Angeles Kings today, signing a three-year, $2.575M extension that takes him through the 2021-22 season. Petersen will carry a $858,333 cap hit each season.
Cal Petersen #LAKings— CapFriendly (@CapFriendly) July 16, 2019
3 year contract (2-way year 1 and 1-way year 2 & 3)
2019-20: $700,000 / $200,000 ($425,000 gtee)
The deal buys 3 RFA Arb years, & will take Peterson to unrestricted free agencyhttps://t.co/HS6eliUbZR pic.twitter.com/NNr8HeZ8Qy
The 24-year old goaltender made his NHL debut in November 2018 and played 11 total games for the Kings last season, recording a 5-4-1 record, 2.60 goals against average, and a .924 save percentage. Petersen also took on the bulk of the work in Ontario with the Reign, with a 13-19-3 record, 4.02 goals against average, and a .896 save percentage.
Petersen’s contract is a two-way deal for 2019-20, meaning he is paid at a lower rate for the time he spends in the AHL. It is a one-way deal for the final two seasons, meaning Petersen will be paid the same regardless of which league he is playing in. 2019-20 will be Petersen’s final season of being waivers-exempt.
The Kings investing in a longer deal for Petersen now gets him locked in at a lower price and will give him three seasons to prove himself as an NHL-caliber starting goaltender. Petersen will be an unrestricted free agent at the conclusion of this contract.
Pumped to be back in LA for 3 more years! pic.twitter.com/U65BoPhtID— Calvin Petersen (@CalPetersen40) July 16, 2019
Jonathan Quick’s current deal ends after the 2022-23 season. Just in case you’re wondering.