Reviewing Goalie Trades: What is Tristan Jarry Worth?

Pittsburgh Penguins game, Ryan Graves and Tristan Jarry.
A shot by Washington Capitals' Beck Malenstyn gets past Pittsburgh Penguins goaltender Tristan Jarry (35) for a goal during the first period of an NHL hockey game in Pittsburgh, Tuesday, Jan. 2, 2024. (AP Photo/Gene J. Puskar)

The Vancouver Canucks declined greater offers or at least the possibility of greater offers for 24-year-old netminder Arturs Silovs, instead trading him to the Pittsburgh Penguins because the Penguins had the best opportunity for Silovs to stick in the NHL. Now the question becomes, what is Penguins goalie Tristan Jarry worth?

Reportedly, Vancouver management told the Edmonton Oilers there wasn’t a price Edmonton could pay for Vancouver to trade Silovs to a conference rival. So, Penguins general manager Kyle Dubas snagged the goalie for a fourth-round pick.

Silovs’s resume reads a bit more like Kennywood’s Thunderbolt. It is short with incredible high points, but it has also included some rapid descents from those thrilling moments. He was a star for Latvia at the 2023 World Championships as the little country that annually serves as a warmup for traditional powers charged to the semi-final and beat Team USA for the bronze medal.

After injuries to Thatcher Demko and Casey DeSmith in the 2024 Stanley Cup playoffs, Silovs led a Canucks Round One comeback series win. Vancouver also pushed Edmonton to seven games before losing.

Yet, last season he had a mere .861 save percentage in 10 games.

On the surface, it seems Jarry and Silovs would be the Penguins’ goalie tandem into the season. However, Jarry’s future has been tenuous since the team waived him last January at the low point of a confidence-rattling season. Many Penguins fans have never forgiven Jarry for his disastrous performance against the New York Islanders in the 2021 playoff series; the Penguins outplayed the Islanders but lost in six games.

However, the Penguins are building toward the future, and the 30-year-old Jarry’s inclusion in that is dubious.

Persistent speculation links Jarry to the goalie-poor Edmonton club, which was strongly interested in Silovs. Edmonton has advanced to the Stanley Cup Final for two years running, but goaltending has been a nagging issue. Starter Stuart Skinner has lifted the team with a few playoff hot streaks, but has not been consistently good.

Unfortunately, the recent goalie market indicates prices are bargain bin at best. Jarry’s career save percentage remains healthy at .909, and despite perceptions, he is a two-time All-Star. Given recent performances, his salary cap figure of $5.375 million is less than ideal, and he has three more seasons remaining, but it’s far from a deal breaker.

After all, the Penguins cannot eat salary on every veteran they might want to trade.

Recent Goalie Trades

In the 2024-25 NHL season, there were a handful of goalies shuffled around via the NHL trade market.

On June 28, Detroit acquired John Gibson from Anaheim for backup goalie Petr Mrazek, a 2027 second-round pick, and a 2026 fourth-rounder. Gibson’s career save percentage is .910, but the soft Anaheim rebuild takes most of the blame for his several-year stretch of mediocre numbers.

A second and fourth-round pick is not out of the question for Jarry, especially if some salary retention is involved. Gibson’s cap hit is $6.4 million for this season and next, but Gibson was viewed as far less of a risk than Jarry.

On June 26, the Florida Panthers acquired fading Columbus Blue Jackets backup goalie/prospect Daniil Tarasov for a fifth-round pick. This is probably a closer gauge to Penguins goalie prospect Joel Blomqvist’s value, though Tarasov is 26.

On March 7, Detroit acquired Mrazek and depth forward Craig Smith for 25-year-old Joe Veleno, who had not lived up to his potential in Detroit. This trade would represent Jarry’s low-value mark.

It should be noted that several goalie trades within the 2024-25 season were goalie-for-goalie swaps, such as Justus Annunen for Scott Wedgewood and Chris Driedger for Kaapo Kahkonen.

In 2023-24, goalies had a little higher value. The Vegas Golden Knights traded Logan Thompson, who had fallen to second or third on their depth chart, to the Washington Capitals for a pair of third-round picks.

The New Jersey Devils paid a steep price to acquire Jacob Markstrom, including a first-round pick, but that would not correlate with Jarry’s current value.

One trade in 2023-24 that might be relevant to the current value is Montreal trading Jake Allen to New Jersey for a 2025 third-round pick.

While it might not be the answer many Penguins want, the recent goalie trades appear to set the market somewhere between receiving a second and fourth-round pick or receiving a third-rounder, also receiving out-of-favor young players notwithstanding.

The next question the Penguins will have to answer is regarding Silovs’s and Blomqvist’s readiness.

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Jeff Young
Jeff Young
1 month ago

So… what would EDM give for Silovs? (Although I suspect there was some ‘understanding’ around that particular point before he was traded to PIT.) #free35

dean
dean
1 month ago

It’s hard to see a scenario where the Penguins would retain salary on Tristan Jarry, especially with three years left on his deal. Retaining salary is typically reserved for expiring contracts or when a team is desperate to move a player; neither applies here. Jarry may have had a rough season, but as the article itself points out, his career numbers are solid (.909 SV%, 152 wins), and he was playing behind one of the worst defensive teams in the league (26th in high-danger chances allowed). If you adjust for the defensive environment, Jarry’s performance looks a lot more reasonable.… Read more »

Pete
Pete
1 month ago
Reply to  dean

1. You must be high if you think Jarry would have beat FLA and won the cup for EDM.
2. If EDM wants him they can just wait until Pens put him on waivers again.

Dean
Dean
1 month ago
Reply to  Pete

The numbers tell a different story. Your opinion has no relevance. Retaining salary makes zero sense.

Steve Boyce
Steve Boyce
1 month ago
Reply to  Dean

I agree we shouldn’t even consider retaining salary, it’s not a big deal if we have to keep him next year. Maybe he has another all star quality first half and his value goes up. But the numbers don’t tell the whole story (and rarely do in hockey). I’m indifferent to Jarry, not as down on him as some but the truth is he has consistently disappears when games get important. Whether because of injury or poor play you can’t count on him at money time. Get the best offer you can for him to remove his salary and open… Read more »

William Maloni
William Maloni
1 month ago
Reply to  Pete

Moving Jarry would be addition by subtraction.

Jeff Young
Jeff Young
1 month ago
Reply to  dean

And if he would have made the saves on all those first shot goals… and if he…

Dean
Dean
1 month ago
Reply to  Jeff Young

Your point is that the Pens should retain salary?

Jeff Young
Jeff Young
1 month ago
Reply to  Dean

I’d trade him to EDM to move on. And I wouldn’t waste a slot retaining. I’ve no trust in him.

DMG
DMG
1 month ago

Come on guy’s. As the father of a long ago goalie I can say, without hesitation that, playing on a team that plays defense makes a huge difference in a goalies numbers than when is plays on a team that just go through the motions in the defensive zone. As the Pens did for too many games in 24-25.All Pens goalies were left out to dry so many
times it was unbelievable. I think trading him just to shed his contract would be a mistake.

Gable Fisk
Gable Fisk
1 month ago

If I put myself in another team’s shoes, I cannot imagine trading for Jarry unless it resolves a significant problem of my own.

I would imagine that the size of said problem would be so large that it would not be worth it to Dubas to resolve it on my behalf.

Afraid we’re stuck here boys!

Last edited 1 month ago by Gable Fisk
Uros
Uros
1 month ago

I don’t really know how the trade values are set, but considering that nobody picked him up from waivers, which is to say for a grand total of zero, I tend to think his value is a bit less than zero. Now, in the past years I’ve heard the phrase “if he turns it around”, more times than I care to count. When he turns it around, not if, we may discuss value, which remains a little bit under zero until that time.

Espo33
Espo33
1 month ago

I would be extremely happy if we got a 3rd rounder for Jarry. The guy needs to go and won’t win in Pittsburgh for the team.

Doug Ukish
Doug Ukish
1 month ago

Value is in supply and demand.
Edmonton has needed a goalie for several years. Jarry was a 2 time Alllstar. He was a good goalie, and maybe something in his life changed? Matt Murray won 2 cups here. After his father passed his game changed
I do think Jarry can get it together, I hope so for his own stability. I dont see him as a part of what Dubas is building. I just hope we dont have to retain much salary to move him.

Espo33
Espo33
1 month ago
Reply to  Doug Ukish

He was a two time all star, but please remember that was based on 1st half performance AND being compared to other Metro goalies who at the time were not very good. Both of those seasons he faltered in the 2nd half.

Robert Shoemaker
Robert Shoemaker
1 month ago

The only reason to really trade Jarry is if one of the 3 younger goaltenders proves that they are ready to be the starter. If none of them can prove that they are better than Jarry, just keep him and ride it out until some team proves that they really want him with a trade offer Dubas cannot refuse. I just do not see that happening any time soon. He is just going to be a bad goalie on a bad team. No harm, no foul.

Last edited 1 month ago by Robert Shoemaker
Espo33
Espo33
1 month ago

Correct, I said prior we can’t trade him unless we have a NHL goalie in place. So if he is traded we better have someone else besides what we have currently.

Robert Shoemaker
Robert Shoemaker
1 month ago
Reply to  Espo33

Murashov is ripping up the minors. I have a feeling that it will not be long for him to arrive if that trend continues.

Jeff Young
Jeff Young
1 month ago

So riding with a pair of our other goalies isn’t preferable to riding with Jarry regardless of his performance? Nah, can’t be trusted.

Robert Shoemaker
Robert Shoemaker
1 month ago
Reply to  Jeff Young

Trusted with what? Losing? Jarry: “hold my beer”

Don’t worry Jeff, he’s got this 😂

Robert Shoemaker
Robert Shoemaker
1 month ago
Reply to  Jeff Young

The main point that i didn’t make clear is that the goalie who is playing best should be in net.

Last edited 1 month ago by Robert Shoemaker
BrianX
BrianX
1 month ago

Send him to Wilkes to start the season, then he can be recalled if they think he’s needed.

Lurker
Lurker
1 month ago

The negative commenters have sports amnesia. Or just cant get past a personal grudge. Jarry, last year, was a (regulation) WINNING goalie on a defensively inept LOSING team. End of year had a home shutout streak of 145 mins. Yes, he had a rough go end of 23-24, and beginning 24-25… BUT, on that defensively inept team, he was among leagues best beginning of 23-24 and end of 24-25… stealing numerous games. You can’t expect a goalie to consistently make 10 bell saves behind a defensively inept team. Also, just over 5 million per season is not that much. He… Read more »

Jeff Young
Jeff Young
1 month ago
Reply to  Lurker

And imagine if he would have made the saves on all those first shot goals… #timetomoveon

Robert Shoemaker
Robert Shoemaker
1 month ago
Reply to  Jeff Young

Also, imagine if the penguins didn’t give up breakaways and odd man rushes right at the start of the game. Sometimes it was right at the opening faceoff. It is way easier to blame the goalies (ned and blom also gave up some first shot goals), but it was a team problem with not being ready to play at the start of games. Some of the goals may have been softies, but i remember a bunch were the goalies being hung out to dry. New coach, hopefully that problem is fixed, right?

King Penguin
King Penguin
1 month ago

You don’t dare trade a franchise goalie. Duby knows that better than anyone. That why his first act was GM was to sign Jarry for the long term.

Last edited 1 month ago by King Penguin
Rich81
Rich81
1 month ago

I’d send him out on the first train to Clarksville, not the last. You can likely sign one of the remaining free agents and get similar results anyway. And look, I get the whole “keep Sid happy” routine, but I’m honestly over it. It’s time to move the franchise forward already & stay the course.

Last edited 1 month ago by Rich81
Scott Becker
Scott Becker
1 month ago

I assume most of us watched the great majority of the games last season. I watched about 70 of them I’d guess.
For you experts out there, was Jarry really that awful or were those frequent first shot goals due primarily to an absence of defense? It’s hard to believe he was that bad all by himself.

Robert Shoemaker
Robert Shoemaker
1 month ago
Reply to  Scott Becker

Correct. The whole team was bad at the beginning of most games. Some penguins fans have the bad habit if always blaming the goaltender. It has been that way as long as I can remember.