Jake Allen, one of the top goaltenders available entering free agency, is not heading to the market after agreeing to a five-year deal with the New Jersey Devils, sources told ESPN on Tuesday.
Allen’s average annual value on the deal is $1.8 million, sources told ESPN. That AAV allows the Devils to run back the same goaltending tandem for next season.
Jacob Markstrom has one year remaining on his contract for $4.125 million. Nico Daws is also under contract for next season, before becoming a restricted free agent next summer.
Several teams were interested in the 34-year-old veteran, whom sources said could have made more money on the open market. However, the deal with the Devils gives Allen long-term security. Allen has played for the Blues, Canadiens and Devils over his 12-year-career. He has started in 436 career games.
Last season, Allen started 29 games for the Devils, going 13-16-1 with a .906 save percentage, 2.66 GAA and four shutouts.
