Washington re-signs Grubauer to two-year, $1.5M deal

4 Comments

The Washington Capitals locked up one half of their future goaltending tandem on Monday, inking Philipp Grubauer to a two-year, $1.5 million deal.

The contract is of the one-way variety and carries an average annual cap hit of $750,000. Per Caps GM Brian MacLellan, Grubauer will earn $650,000 in the first year of the deal, and $850,000 in the second.

The 23-year old German has appeared in 20 career games with the Capitals, going 7-6-5 with a 2.44 GAA and .924 save percentage. While the club signed Justin Peters last year to serve as Holtby’s backup, it was clear the organization was higher on Grubauer when, during the playoffs, he got the call to replace an under-the-weather Holtby in Game 2 of the Islanders series.

With today’s deal, it’s all but guaranteed Peters is done in D.C. — but since he has one year left on his deal, he’ll likely spend next season in AHL Hershey.

The next bit of goaltending business for MacLellan and the Caps will be to get Holtby signed. A pending RFA, Holtby is coming of a career-best year and will probably get a sizable raise off the $1.85M he made annually on his last deal.