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Photo: Johnny Gaudreau Honored on Elvis Merzlikins' Custom Blue Jackets Goalie Mask

Oct 1, 2024
COLUMBUS, OHIO - SEPTEMBER 30: Elvis Merzlikins #90 of the Columbus Blue Jackets looks on before a preseason game against the Washington Capitals at Nationwide Arena on September 30, 2024 in Columbus, Ohio.  (Photo by Jason Mowry/Getty Images)
COLUMBUS, OHIO - SEPTEMBER 30: Elvis Merzlikins #90 of the Columbus Blue Jackets looks on before a preseason game against the Washington Capitals at Nationwide Arena on September 30, 2024 in Columbus, Ohio. (Photo by Jason Mowry/Getty Images)

Columbus Blue Jackets goaltender Elvis Merzlikins will honor his late teammate Johnny Gaudreau with his mask design for the 2024-25 season.

The chin covering of Merzlikins' mask features Gaudreau's No. 13 beside a plate of pasta. Gaudreau ate buttered pasta as part of his pregame ritual.

Gaudreau, 31, was killed alongside his 29-year-old brother Matthew Gaudreau when the two were struck by a car while riding bicycles in August.

Merzlikins and Gaudreau played two seasons together in Columbus after the former Calgary Flames forward joined the Blue Jackets ahead of the 2022-23 season.

The Blue Jackets goaltender used a previous helmet design to honor another late teammate, goaltender Matiss Kivlenieks, who died at age 24 following a fireworks accident in 2021. Merzlikins' mask for the 2021-22 season subsequently featured Kivlenieks' No. 80 surrounded by angel wings.

Merzlikins will be joined by the entire NHL in honoring Gaudreau for the first two weeks of the 2024-25 season. The NHL announced on Monday that all 32 teams would honor the Gaudreau brothers by wearing helmet decals with their jersey numbers and the letter "G" through Oct. 24.

The decals, which feature No. 13 for Johnny Gaudreau and No. 21 for Matthew Gaudreau, will debut on Friday during a game between the New Jersey Devils and Buffalo Sabres in Prague.

Video: Devils' Jacob Markström Unveils New Goalie Mask for 2024-25 NHL Season

Sep 26, 2024
NEWARK, NJ - SEPTEMBER 22: New Jersey Devils goaltender Jacob Markstrom (25) tends the net during warmups before preseason NHL game between the New York Islanders and New Jersey Devils on September 22, 2024 at Prudential Center in Newark, New Jersey. (Photo by Andrew Mordzynski/Icon Sportswire via Getty Images)
NEWARK, NJ - SEPTEMBER 22: New Jersey Devils goaltender Jacob Markstrom (25) tends the net during warmups before preseason NHL game between the New York Islanders and New Jersey Devils on September 22, 2024 at Prudential Center in Newark, New Jersey. (Photo by Andrew Mordzynski/Icon Sportswire via Getty Images)

New Jersey Devils goaltender Jacob Markström is honoring his new team's namesake with his mask design for the 2024-25 season.

Markström's helmet features a depiction of the Jersey Devil, the goat-headed mythological creature said by folklore to originate in the New Jersey Pine Barrens.

The Devils traded a protected first-round pick and defenseman Kevin Bahl in order to acquire Markström from the Calgary Flames in June. He is set to make his New Jersey debut, likely as part of a tandem with Jake Allen, this fall.

Markström was dealt by the Flames on June 19. The same day, he texted goalie mask designer Jordon Bourgeault of JBo Airbrush and asked him to work on his first Devils mask, per the team's official website.

"He did a lot of research," Markström said, per the Devils' website. "He came up with a lot of good ideas, so that part is obviously fun. I didn't just want the logo. I wanted a little bit more about the story and the community, trying to get everything in there."

The left side of the mask features pages, representing the original folklore that sparked the story of the Devil, according to the team's website.

A scrap of paper bearing the words "The Pine Barrens" sits above Markström's faceplate, while another on top reads "The Mother Leeds" in reference to the woman folklore says gave birth to a thirteenth child who disappeared into Pine Barrens and became the Jersey Devil.

The back of the helmet features the Pine Barrens but strays from the Jersey Devil motif with a red version of the tre kronor, the traditionally gold national emblem of his native Sweden.

Beneath the crowns are the names of Markström's son, Clark-Marley, and an ode to his late father, according to the team's website.

The Devils adopted their team identity in honor of the Pinelands legend in 1982 after the name won the popular vote in a poll of 10,000 fans.

That legacy will now continue through Markström, who debuted the new mask and made his first appearance for the Devils last Sunday during a preseason loss to the New York Islanders.

After a disappointing 38-win finish to the 2023-24 season saw the Devils miss the playoffs last season, New Jersey is now hoping the addition of Markström as well as the return of a healthy Jack Hughes and Dougie Hamilton will help push the 2024-25 team back into postseason contention.

NHL Rumors: Igor Shesterkin, Rangers Discuss Contract to Be Highest-Paid Goalie Ever

Sep 24, 2024
SUNRISE, FL - JUNE 01: New York Rangers goaltender Igor Shesterkin (31) makes a save in the third period during game six of the Eastern Conference Finals between the New York Ranges and the Florida Panthers on Saturday, June 1, 2024 at Amerant Bank Arena in Sunrise, Fla. (Photo by Peter Joneleit/Icon Sportswire via Getty Images)
SUNRISE, FL - JUNE 01: New York Rangers goaltender Igor Shesterkin (31) makes a save in the third period during game six of the Eastern Conference Finals between the New York Ranges and the Florida Panthers on Saturday, June 1, 2024 at Amerant Bank Arena in Sunrise, Fla. (Photo by Peter Joneleit/Icon Sportswire via Getty Images)

Igor Shesterkin is entering the final season of his current contract, but the New York Rangers are reportedly willing to make him the highest-paid goalie in NHL history to keep him in the Big Apple.

Pierre LeBrun of The Athletic reported Tuesday the Rangers "indicated to Shesterkin's camp" they are open to paying him more than $10.5 million per year, which was Carey Price's record-setting number for a goalie contract.

That would also be quite the increase over the $6.7 million in base salary he is set to make in 2024-25 after making $5 million in base salary last season.

The Rangers being interested in handing out a record-setting contract should come as no surprise.

After all, Shesterkin is 28 years old and theoretically will remain at his peak for the immediate future. This is also a team in the middle of a win-now window after reaching the Eastern Conference Final in two of the last three seasons.

Keeping the star goaltender in place while players such as Artemi Panarin lead the offensive efforts is the best way to potentially take the next step and reach the Stanley Cup Final and perhaps even lift the sport's coveted trophy.

It also helps Shesterkin's bargaining power that he is on the short list of the best goalies in the league.

He took home the 2021-22 Vezina Trophy as the NHL's top goalie with league-best marks in save percentage (93.5) and goals against average (2.07) and was also an All-Star in each of the last two seasons.

Shesterkin finished last season with a 36-17-2 record, .912 save percentage and a goals against average of 2.58. He was even better in the playoffs with a .926 save percentage and a goals against average of 2.34.

The one thing missing from his resume at this point is a Stanley Cup, and he could look to change that on a record-setting contract.

New York Rangers Have No Choice but to Pay Igor Shesterkin What He Wants

Adam Herman
Sep 24, 2024
NEW YORK, NEW YORK - MAY 22: Igor Shesterkin #31 of the New York Rangers during the anthem prior to the game against the Florida Panthers in Game One of the Eastern Conference Final of the 2024 Stanley Cup Playoffs at Madison Square Garden on May 22, 2024 in New York City. (Photo by Jared Silber/NHLI via Getty Images)
NEW YORK, NEW YORK - MAY 22: Igor Shesterkin #31 of the New York Rangers during the anthem prior to the game against the Florida Panthers in Game One of the Eastern Conference Final of the 2024 Stanley Cup Playoffs at Madison Square Garden on May 22, 2024 in New York City. (Photo by Jared Silber/NHLI via Getty Images)

With Leon Draisaitl's long-term contract in Edmonton figured out, the fate of New York Rangers goaltender Igor Shesterkin remains the most consequential storyline for any pending unrestricted free agent.

The goaltender is in the final year of a contract with an incredibly team-friendly $5.67 million cap hit, according to Puckpedia.

The next deal will not be so favorable to the Rangers, though.

Shesterkin is playing it cool publicly and there is no reason to think he is looking to move on, but retaining him will require a significant pay jump.

Mollie Walker of the New York Post reported in June that the 28-year-old has floated a $12 million annual asking price. The final number is unlikely to be that high, but it should still make him the highest-paid goaltender in the NHL.

The Rangers, for their part, lack any real leverage. That's true because Shesterkin is the best goaltender in the NHL, and he would have no problem finding multiple teams willing to pay him what he wants.

However, the greater issue for New York is not just that the Russian is the best goaltender in the NHL. Many teams have won the Stanley Cup without Vezina-caliber or even good goaltending. In the case of the Blueshirts, though, their theory of success fundamentally depends on his existence.

The data revolution in hockey has revealed some reliable trends. Chief among them is that a team's long-term success is correlated to expected goals.

Last season, the Oilers and Panthers finished first and second in the league, respectively, per Evolving Hockey. The ideal Stanley Cup matchup rarely happens, but it's common sense that the teams that generate lots of scoring chances for themselves and allow few against are going to win more than they lose.

The New York Rangers won the Presidents' Trophy and made the Eastern Conference Final last year despite finishing 11th in expected goals and, more drastically, 23rd at five-on-five. Variance can account for a weird outcome in one game, a month or even a full season, but the Rangers have long proved to be an outlier, ranking fourth in the NHL by wins over the last three seasons despite constantly losing the expected goals battle.

There are other reasons for that success, such as elite special teams play and high-end finishing. By far the biggest is Shesterkin.

Over the past three seasons, he ranks second to Connor Hellebuyck in total goals saved above expected (82.4) and second to Frederik Andersen by save percentage above expected (minimum 1,000 shot attempts faced).

In the playoffs? Shesterkin is even better, lapping the competition by both metrics. It might be enough to say that the 2022 Vezina Trophy winner is the best goaltender in the NHL, but his fit in New York goes even further.

The Rangers do the bulk of their winning by rope-a-doping the competition; the other team will spend a lot of time in their end and try to break them down. Traditionally, this will eventually work. Goalies eventually crack under the barrage, but not Shesterkin.

Like his predecessor, Hall-of-Famer Henrik Lundqvist, his performance is unusually correlated to the amount of action he sees. Yes, Shesterkin can make highlight-reel saves, but he's at his best when dealing with quantity.

Henrik Lundqvist and Igor Shesterkin.
Henrik Lundqvist and Igor Shesterkin.

There's no better depiction of this phenomenon than the Rangers' last two playoff series against the Carolina Hurricanes.

The 'Canes are probably the best NHL team at generating offense through persistence and high-volume shooting, but Shesterkin left them exasperated both times. There's a comic-book trope about a villain who gets stronger the more hits he takes. That's the Rangers netminder.

Thus, it's not only that Shesterkin is elite, but he is also elite specifically in the way the Rangers' playing style demands. He erases the deficits of being outattempted by the opposition and buys the team enough time to capitalize on its own terms.

Comedian Jimmy Carr has a joke about how a fan once told him his girlfriend wouldn't be with him if he wasn't famous. "But I am famous," he replies.

Likewise, the Rangers would not be able to win in this manner without a goaltending savior. They do indeed have him, and that makes them an analytical anomaly.

Often, goaltenders are products of a good system. In New York, the goaltender—this specific goaltender—is this system. Shesterkin is surely aware of this, as is his agent, and he will expect to be paid accordingly.

New York general manager Chris Drury is at his franchise goaltender's mercy. Perhaps he could convince him to shave a few dollars out of loyalty and for the sake of roster-building. Beyond that, once the Russian sets his price, the Rangers' only true options will be to give him what he wants or cut ties.

Chris Drury.
Chris Drury.

Suppose one insists that $11 million-plus is too much to afford to a goaltender. Maybe the argument is that netminders are historically volatile and prone to injury-derailing performances once they hit their 30s.

If that's the Rangers' thinking and they choose to move on from Shesterkin, then fine. In such a case, it must be accompanied by a near-teardown of the team as it exists. A total rebuild would not be necessary as there are a some great young players on the roster already.

However, this group, as currently constructed, is going nowhere with anything less than superlative goaltending. Remove Shesterkin and the observable paths to a Stanley Cup evaporate.

Teams can win with lesser goaltending, but not this one. Not this roster that, for years and under three different head coaches, has sat in the bottom-third of the NHL by even-strength scoring chance ratios. A few million in cap savings will not change that.

The far likelier outcome is that New York bites the bullet and pays Shesterkin a number that invokes a lot of sticker shock but nonetheless proportionally reflects his value to the team.

If the Rangers want to keep their contention window open for the near future, it's the only choice they truly have.

Blue Jackets to Honor Johnny, Matthew Gaudreau with Helmet Decal During NHL Season

Sep 18, 2024
COLUMBUS, OHIO - MARCH 14: Johnny Gaudreau #13 of the Columbus Blue Jackets skates during the first period of a game against the Ottawa Senators at Nationwide Arena on March 14, 2024 in Columbus, Ohio. (Photo by Ben Jackson/NHLI via Getty Images)
COLUMBUS, OHIO - MARCH 14: Johnny Gaudreau #13 of the Columbus Blue Jackets skates during the first period of a game against the Ottawa Senators at Nationwide Arena on March 14, 2024 in Columbus, Ohio. (Photo by Ben Jackson/NHLI via Getty Images)

The Columbus Blue Jackets will honor Johnny and Matthew Gaudreau throughout the 2024-25 NHL season.

As part of the preliminary plans to honor the brothers who died on Aug. 29, Blue Jackets players will wear a special decal on their helmets that includes "Gaudreau" and two doves between the numbers 13 and 21.

In lieu of their traditional opening-night activities, the Blue Jackets will celebrate the memory of the Gaudreau brothers when they host the Florida Panthers at Nationwide Arena on Oct. 15. Fans in attendance will receive a No. 13 patch like the one players will wear on their jerseys.

Johnny Gaudreau wore No. 13 for most of his NHL career. Matthew Gaudreau wore No. 21 during his college career at Boston College.

The brothers died when a suspected drunk driver struck them while they were riding their bikes during the night of Aug. 29. New Jersey State police said the driver was traveling in the same direction as them in an SUV when he attempted to pass two other vehicles and struck them from behind at around 8 p.m. local time.

Johnny, 31, and Matthew, 29, were pronounced dead at the scene. A prosecutor said on Sept. 13 that the driver of the vehicle had a blood-alcohol level of .087 at the time of the incident, above the New Jersey legal limit of .08.

The driver has been charged with two counts of death by auto, along with reckless driving, possession of an open container and consuming alcohol in a motor vehicle.

Johnny Gaudreau played 11 seasons in the NHL. He was a fourth-round draft pick by the Calgary Flames in 2011 and made his debut with the team in April 2014.

After nine seasons with the Flames, Johnny signed with the Blue Jackets as a free agent in July 2022. He appeared in 161 games with Columbus over the past two seasons.

Matthew spent the majority of his professional career with the Worcester Railers in the ECHL. He played four seasons at Boston College from 2013-14 to 2016-17.

The Blue Jackets will open the regular season on Oct. 10 against the Minnesota Wild. Their traditional opening-night festivities will be held on Oct. 17 against the Colorado Avalanche.

Sidney Crosby, Penguins Agree to 2-Year Contract Extension with $8.7M AAV

Sep 16, 2024
PITTSBURGH, PA - FEBRUARY 14:  Sidney Crosby #87 of the Pittsburgh Penguins skates against the Florida Panthers at PPG PAINTS Arena on February 14, 2024 in Pittsburgh, Pennsylvania. (Photo by Joe Sargent/NHLI via Getty Images)
PITTSBURGH, PA - FEBRUARY 14: Sidney Crosby #87 of the Pittsburgh Penguins skates against the Florida Panthers at PPG PAINTS Arena on February 14, 2024 in Pittsburgh, Pennsylvania. (Photo by Joe Sargent/NHLI via Getty Images)

Sidney Crosby and the Pittsburgh Penguins have agreed to a two-year contract extension worth $8.7 million per season to keep him in the Steel City through the 2026-27 campaign.

The 37-year-old has been a staple in the Pittsburgh lineup since being selected first overall in the 2005 NHL draft, so his latest deal with the franchise comes as little surprise.

Through 1,272 games with the Penguins, Crosby has notched 592 goals and 1,004 assists for 1,596 points. He is a three-time Stanley Cup champion, two-time Hart Trophy winner, two-time Art Ross winner and two-time Rocket Richard winner.

That said, the Penguins having struggled over the last few seasons, so there was some concern that Crosby would sign elsewhere, perhaps with a team that would give him a better chance to win another Stanley Cup.

The eight-time All-Star appeared in 82 games for the Penguins last season, recording 42 goals and 52 assists for 94 points.

Despite his efforts, the Penguins still missed the postseason as the team finished the 2023-24 season fifth in the Metropolitan Division with a 38-32-12 record.

Now that he's staying in Pittsburgh, Crosby will continue to be the focal point of the Penguins offense.

Driver Charged in Death of Johnny, Matthew Gaudreau Had BAC over Legal Limit

Sep 13, 2024
COLUMBUS, OHIO - SEPTEMBER 4:  Erik Gudbranson #44 of the Columbus Blue Jackets remembers his teammate Johnny Gaudreau #13 during a candlelight vigil in remembrance of Johnny and Matthew Gaudreau at Nationwide Arena on September 4, 2024 in Columbus, Ohio. (Photo by Kirk Irwin/Getty Images)
COLUMBUS, OHIO - SEPTEMBER 4: Erik Gudbranson #44 of the Columbus Blue Jackets remembers his teammate Johnny Gaudreau #13 during a candlelight vigil in remembrance of Johnny and Matthew Gaudreau at Nationwide Arena on September 4, 2024 in Columbus, Ohio. (Photo by Kirk Irwin/Getty Images)

A prosecutor announced that the driver charged with killing NHL star Johnny Gaudreau and his brother, Matthew, while they were bicycling in New Jersey had a blood-alcohol level of .087 percent, above the state's legal limit of .08 percent, per the Associated Press.

The 31-year-old Johnny and 29-year-old Matthew died after being struck by a vehicle in Carney's Point, New Jersey, on Aug. 29, the night before they were supposed to serve as groomsmen in the wedding of their sister Katie.

The driver was identified as 43-year-old Sean M. Higgins of Woodstown, New Jersey, and has been charged with two counts of death by auto, along with reckless driving, possession of an open container and consuming alcohol in a motor vehicle.

During Friday's virtual court hearing, Higgins' defense lawyers argued that he was a married father and law-abiding citizen before the crash, but a judge still ordered that he be held for trial. He is facing a sentence of 20 years in prison, which the judge said makes him a flight risk.

According to the criminal complaint, Higgins failed a field sobriety test, told police he had five or six beers that day and admitted to consuming alcohol while driving. Prosecutors said Higgins also had a history of road rage and aggressive driving, and it's alleged his frustration prompted him to speed up to pass two drivers on the right when he ended up striking the Gaudreau brothers.

"He indicated he didn't even see them," said Superior Court Judge Michael J. Silvanio, who added that Higgins' admitted "impatience" resulted in two deaths.

Johnny Gaudreau played 10 full seasons in the NHL and was set to enter his third year with the Columbus Blue Jackets. Matthew Gaudreau was also a professional hockey player in the ECHL.

Widows Meredith and Madeline Gaudreau are both expecting and delivered eulogies at a double funeral for the two brothers on Monday.

Photos: Hurricanes Release Renderings for $1B Entertainment District Around NHL Arena

Sep 11, 2024
RALEIGH, NC - MARCH 02: A general view of PNC Arena during Carolina Hurricanes Kids Day before the game against the Winnipeg Jets on March 02, 2024 in Raleigh, North Carolina. (Photo by Jaylynn Nash/Getty Images)
RALEIGH, NC - MARCH 02: A general view of PNC Arena during Carolina Hurricanes Kids Day before the game against the Winnipeg Jets on March 02, 2024 in Raleigh, North Carolina. (Photo by Jaylynn Nash/Getty Images)

The Carolina Hurricanes on Wednesday shared initial renderings of the $1 billion mixed-use development scheduled to be built in the 80 acres of land surrounding the Hurricanes' arena and NC State football's Carter-Finley Stadium.

The 15-year development timeline for the new Raleigh Sports & Entertainment District is set to begin in December 2025, according to the team.

The first phase of development will involve installing an "expanded plaza" and "600-foot promenade lined with tailgating suites, balconies and new open space for thousands of fans to gather," which are featured in the renderings.

The area will feature new food and beverage options in addition to a stage for live performances, the Hurricanes said.

The promenade is designed to sit adjacent to a new music venue with a capacity of 4,300, which will be operated by Live Nation, according to the team.

The tailgate area will also be abutted by two parking garages, which are expected to be ready prior to North Carolina State's 2027 season opener.

Also included in phase one of the development plan is the development of more than 200,000 square feet of retail and 150,000 square feet of office space in addition to a 150-room hotel and more than 500 apartments, per the Hurricanes.

Before construction begins, the area must be rezoned to allow housing. The developers plan to file for zoning later in September, the team said.

The new sports and entertainment district is part of the Hurricanes' decision in 2023 to sign a 20-year lease extension with the arena, which will keep the NHL team in Raleigh-Durham through the 2043-44 season.

As part of the agreement behind the extension Gale Force Sports and Entertainment, the Hurricanes' parent company, agreed to invest in the mixed-use development around the arena.

Gale Force pledged to invest $200 million within a five-year Phase 1 development, $400 million within ten years, and $800 million within twenty years.

Also as part of the agreement, the city of Raleigh and Wake County agreed to contribute public money to renovate the Hurricanes' arena.

First images of the proposed $300 million renovation, which includes a new lobby and facade in addition to new food and beverage options including a rooftop bar, were released in early August. Developers hope to begin the project following the Hurricanes' 2024-25 season.

The Hurricanes' home, which has been called PNC Arena since 2012, could also be set for a name change after the bank's naming rights expired last month. A recent trailer for EA Sports' NHL 25 showed the venue displaying the words "Lenovo Center" on the ice, although the change has yet to be confirmed.

Photo: NHL's Capitals Reveal Black Uniforms and TikTok Patch for 50th Anniversary

Sep 9, 2024
PHILADELPHIA, PENNSYLVANIA - APRIL 16:  Alex Ovechkin #8 of the Washington Capitals celebrates with teammates after defeating the Philadelphia Flyers 2-1 at the Wells Fargo Center on April 16, 2024 in Philadelphia, Pennsylvania. With tonight's win, the Capitals have reached the NHL playoffs.  (Photo by Len Redkoles/NHLI via Getty Images)
PHILADELPHIA, PENNSYLVANIA - APRIL 16: Alex Ovechkin #8 of the Washington Capitals celebrates with teammates after defeating the Philadelphia Flyers 2-1 at the Wells Fargo Center on April 16, 2024 in Philadelphia, Pennsylvania. With tonight's win, the Capitals have reached the NHL playoffs. (Photo by Len Redkoles/NHLI via Getty Images)

The Washington Capitals on Tuesday unveiled "their special black screaming eagle jersey for six home games during the 2024-25 season." The Capitals previously announced Sept. 9 a deal with TikTok to have the social media platform's logo adorn its white road jersey.

TikTok is also the "title sponsor" for the franchise's celebration of its 50th anniversary.

The Capitals provided details on their new black uniforms on Tuesday:

To commemorate the Washington Capitals 50th Anniversary, the Capitals will wear their special black screaming eagle jersey for six home games during the 2024-25 season. The jersey features a blue, black, and bronze color scheme, with the Capitol Building displayed on the shoulder. The design is reminiscent of the Capitals' jersey, first introduced in 1995.

It combines their first-ever third jersey and the original rebrand. The screaming eagle preying in the downward design direction is meant to evoke an eagle's energy, power, and speed, chosen for its symbolic status as the national bird of the United States. The shoulder patch includes the Capitol building in front of two crossed hockey sticks. The logo was completed with two stars in the background and a hockey puck nested between the blades of the sticks.

Jim Van Stone, the president of business operations and COO at Monumental Sports & Entertainment, alsospoke about the deal with TikTok:

As a sports enterprise with a large and diverse fan base, we are excited to utilize TikTok to uniquely connect, entertain and interact with fans across all of our Monumental Sports teams, starting with the Capitals 50th Anniversary Celebration this fall.

TikTok empowers our fans to share their passion for the Caps and all our teams in their own unique ways, and we are excited by the opportunity the partnership provides to continue to grow the game, showcase our players' personalities and innovatively engage with the TikTok community through content creation.

In 2021, the NHL opened the door for teams to have jersey sponsors starting with the 2022-23 season. The Capitals were the first team to take advantage of the opportunity, confirming that September they struck a deal to have a Caesars Sportsbook patch on their home and third jerseys.

Across the league, selling advertising space on player uniforms has been a financial boon. Sportico's Kurt Badenhausen reported in June the NHL raked in $1.4 billion from sponsorships, a 10 percent increase from the previous year. Jersey patches alone were valued at $3.9 million on average.

The Caps will debut their updated road jerseys in their Sept. 24 preseason game against the Boston Bruins.

NHL Rumors: Seth Jarvis, Hurricanes Agree to 8-Year, $63.2M Contract Extension

Aug 31, 2024
RALEIGH, NORTH CAROLINA - APRIL 30:  Seth Jarvis #24 of the Carolina Hurricanes is recognized as one of the stars of the game after the victory against the New York Islanders in Game Five of the First Round of the 2024 Stanley Cup Playoffs at PNC Arena on April 30, 2024 in Raleigh, North Carolina. (Photo by Josh Lavallee/NHLI via Getty Images)
RALEIGH, NORTH CAROLINA - APRIL 30: Seth Jarvis #24 of the Carolina Hurricanes is recognized as one of the stars of the game after the victory against the New York Islanders in Game Five of the First Round of the 2024 Stanley Cup Playoffs at PNC Arena on April 30, 2024 in Raleigh, North Carolina. (Photo by Josh Lavallee/NHLI via Getty Images)

Seth Jarvis is going to be a member of the Carolina Hurricanes for a long time after the two sides agreed to an eight-year contract extension.

Per Frank Seravalli of Daily Faceoff, Jarvis' eight-year deal is worth $63.2 million and contains "substantially" lower cap hits than those terms would suggest because agreed to defer salary.

A traditional cap hit is calculated by dividing the total value by number of years on the contract, which in this case would be $7.9 million.

According to Seravelli, Jarvis will count roughly $7.5 million against the cap for the Hurricanes thanks to his deferrals.

Seravelli noted that no one would confirm exactly how much money was being deferred, but there is a deferred signing bonus payment that will be paid out one day after the contract expires on June 30, 2032.

Deferred payments are a tool that teams in various sports have used for a variety of reasons. It's most common in Major League Baseball, with Bobby Bonilla Day happening every July 1 to commemorate his payment from the New York Mets as part of his release agreement in January 2000.

Shohei Ohtani took deferred money to another level in his 10-year, $700 million pact with the Los Angeles Dodgers. He will only make $20 million of that during the life of the contract, with the remaining $680 million to be paid out in $68 million installments over a 10-year period from 2034 to 2043.

Since MLB only calculates luxury tax salary based on the present-day value of a contract, Ohtani lowered his tax hit from $70 million to $46.1 million by deferring pay.

The NHL collective bargaining agreement does allow for deferred payments, but Seravelli wrote Jarvis' deal is believed to be the first one that takes advantage of it "in a meaningful way."

Jarvis was a restricted free agent after playing out his three-year, $2.8 million rookie contract. The Hurricanes are currently $6.4 million under the cap before factoring in Jarvis' salary.

Carolina selected Jarvis with the No. 13 overall pick in the 2020 NHL draft. He debuted for the club at the start of the 2021-22 season and has been an impact player.

The 22-year-old has 146 points in 231 career games. He set career-highs in goals (33) and assists (34) in 81 games last season.

Carolina has posted three consecutive seasons with more than 110 points after having one 100-point season in the previous 41 years (112 in 2005-06). The Hurricanes lost in the second round of the playoffs last season to the New York Rangers.