There may be a pathway for the Vancouver Canucks to get an extension done with goaltender Thatcher Demko.
TSN’s Darren Dreger joined TSN Overdrive and had some details regarding the apparent extension:
“[Demko’s status around the league] changed a little bit as today unfolded. It didn’t make sense until recently that Vancouver would have to consider trading Thatcher Demko. If they’re not comfortable with his long-term health, then why would you commit to bigger contracts like [Jake] Oettinger or [Jeremy] Swayman or a deal like that? I don’t know what the firm numbers are. I don’t know what the term is that’s being discussed by the Vancouver Canucks and Thatcher Demko’s representatives, but I was told by a couple of teams midday today that Demko is more or less now, off the market.
“There was a team in the East that was pretty interested in Demko. There’d be lots of teams that would be interested. The ask was really, really high, but they still had interest. So I got poking around that a little bit more. I wouldn’t call it close or imminent. I don’t like using those words, because things know the sideways pretty quickly, but it does sound like progress is being made on a multi-year extension. Both the player side and management for the Vancouver Canucks have acknowledged that it’s still an open and ongoing negotiation. But more from the player’s side, I got the sense that a multi-year extension was far more likely than a trade at this point.”
In Wednesday’s media availability following the Evander Kane trade, Canucks General Manager Patrik Allvin was asked where current negotiations stand with Demko:
“It’s been a really good conversation with Thatcher and his agent. We’ll see here over the next couple of days or weeks if we can get something in place.”
Demko was drafted by the Canucks in the second round (36th overall) of the 2014 NHL draft. He first made his debut in a Canucks sweater in a late March game against the Columbus Blue Jackets. The American netminder spent the following few seasons playing behind Jacob Markstrom before finally getting his opportunity in the bubble postseason run. After a Markstrom injury, Demko played Games 5-7 against the Vegas Golden Knights, stopping 123 of the 125 shots he faced, finishing with a .984 save percentage, but the lone goal he allowed in Game 7 stood as the game-winner.
He then became the starter for the next four seasons before finally breaking out in the 2023-2024 season. Demko had a 35-14-2 season, finishing with a 2.45 goals against average and a .918 save percentage with five shutouts. His efforts earned him runner-up for the Vezina trophy that season.
But then the injuries started to stack up. Demko was injured in a game against the Winnipeg Jets in March. He would miss five weeks before ramping back up in the final two games before the postseason. Demko was back in the crease for Game 1 against Nashville, but that was the last time the Canucks saw him during their postseason run. In fact, Demko was held out for the first two months of the 2024-2025 season.
As he started to ramp up his workload, Demko suffered yet another injury. He would return and start to find his game again, but had multiple other injuries that ultimately forced him to start just 23 games.
Injuries have surrounded Demko the past few seasons, so much so that his name started coming up in trade rumours as the weeks led up. However, with today’s report, it sounds like an extension is more likely than a trade at this point.
Instead, it appears that Arturs Silovs is likely the one who may be moved this offseason.
With Kevin Lankinen set to kick off his brand new five-year contract, as well as Demko’s extension being in the works, that leaves Silovs on the outside looking in.
Following a successful Calder Cup run – where Silovs finished with a 16-7 record, a 2.01 goals against average and a .931 save percentage and five shutouts that earned him the playoff MVP award – the Latvian netminder has caught the attention of teams around the NHL. So much so that when training camp rolls around next season, Silovs could potentially be claimed and the Canucks lose him for nothing.
Dreger continued on the Canucks’ goaltending situation and what it might mean for Silovs’s future:
“When it’s all said and done, you’re probably not going to keep those three goalies. So Silovs makes a lot of sense, that he could be in play.”
Allvin was asked this afternoon about the play of Silovs in the postseason and if his MVP performance has changed the way the team looks at a Demko extension:
“It was a hell of a performance. I’m happy for Arty [Silovs]. We know that he’s a really good goalie, and this is just justifying that. That being said, we still have a couple of good goalies in the system there, with [Nikita] Tolopilo and Ty Young, who are more than ready to play as well. So we’ll see here over the next couple of days and where things go with Thatcher and we make decisions after that.”