Goaltender Devin Cooley Signs Two-Year Contract Extension

Per Flames Communications, goaltender Devin Cooley has been signed to a two-year one-way contract extension beyond the 2025-26 season. The deal carries a $1,250,000 annual average value for a total of $2,500,000.

TOO COOL 😎

Devin Cooley has signed a two-year contract extension with an AAV of $1.35 million! pic.twitter.com/mgP3wvLkH6
— Calgary Flames (@NHLFlames) December 30, 2025

The six-foot-five netminder has posted a solid .914 save percentage and 2.40 goals against average through 13 games this season. In ten starts, Cooley carries a record of 4-4-2 and a save percentage of .913.

Two trains of thought to this extension.

1.) Don’t overthink it

Retaining a home run signing like Devin Cooley seems like a no-brainer. Great value, humble in his role, and he’s proven that he can go on a run and steal games.

Should the worst happen, Dustin Wolf gets injured, the Flames are in good hands. Cooley makes a case for the best backup in the NHL.

Goals Saved Above Expected per 60*

David Rittich: 1.268
Devin Cooley: 1.046
Mackenzie Blackwood: 1.022

*10 starting ten or more games

Then again.

2.) Cooley could have been moved

There is also a case to be made that general manager Craig Conroy has a bit of house money given that the Flames signed the Los Gatos, California product via unrestricted free agency on July 1, 2024. Cooley’s .914 save percentage ranks 11th among goaltenders to play 10 or more games this season. His 1.046 goals saved above expected puts him in second with the same requisite.

If there is a market for backups this season, Cooley likely garners the highest bid should he become available via trade.

Well, he didn’t.

The Flames may have faced growing pains replacing Cooley’s in-net value. Perhaps Ivan Prosvetov, who has a .904 save percentage in the AHL this season, would have been up to the job. AHL backup Owen Say likely isn’t a contender for a backup role just yet, with a .890 in 16 appearances in the AHL this year. Perhaps Artemi Sergeev, pushed to the ECHL, could surprise given that he is far from struggling with a .922 through 12 games.

Tough to say, but the notion of wheeling and dealing a properly reclaimed goaltender is a fun one to think about.

What could have been. It’s also entirely possible that the Edmonton Oilers would have offered him salary and term in the offseason to head up Highway II for a few years. Which is less fun to think about.

"He wanted to be in Calgary and we wanted him to stay, so it worked out well for both sides."#Flames GM Craig Conroy sounds off on signing Devin Cooley to a two-year deal. pic.twitter.com/0w9MEvJOev
— Calgary Flames (@NHLFlames) December 30, 2025