Free agent profile of Martin Jones

It was in San Jose in 2015-16 that Jones established himself as a bonafide starting goaltender and led the Sharks to within two wins of the Stanley Cup. Jones was terrific through his first three seasons in San Jose compiling a record of 102-68-16 while consistently posting a save percentage around .915. He was also a workhorse during his first four seasons dressing in over 60 games each year. In July 2017, San Jose felt so confident that Jones was their goalie of the future that they locked him up to a lucrative six-year deal worth a total of $34.5M.

But the Sharks’ confidence in the North Vancouver, British Columbia native quickly waned as Jones posted three consecutive years with a save percentage below .900. Realizing that his play was dropping off, the Sharks bought Jones out of the final three years of his contract in July 2021, a move that left them with a cap hit of almost $2M annually until 2026-27. After Jones was unceremoniously bought out of his contract, he signed a one-year $2M deal with the Philadelphia Flyers and posted numbers that mirrored his final three seasons in San Jose going 12-18-3 with a .900 save percentage and a 3.42 goals-against.

Last summer, after all the initial excitement of free agency had cleared, Jones signed a one-year contract with the Seattle Kraken in a move that was largely without any fanfare. The deal seemed like a good match as the Kraken viewed Jones as a good third option behind Philipp Grubauer and Chris Driedger, and Jones was looking for an opportunity to rebuild his stock in free agency.

It wasn’t long before Jones had de-throned Driedger as the Kraken’s backup to Grubauer and for stretches of the season Jones looked to be on the cusp of taking over the starter’s role. His win-loss record was terrific as Jones went 27-13-3 in 48 games, however, his save-percentage remained low at .886.  As the playoffs began, Jones lost the Kraken net and was an afterthought once Grubauer regained the starting role and took the team to their first-ever playoff victory over the Colorado Avalanche. If you look closer at the numbers though, you will see that Jones started the season on fire, with 10 of his first 15 starts coming in as quality starts. But as the season wore on, Jones faded and was possibly overworked into exhaustion, which might explain his drop-in play later in the year.

Now, at 33 years old Jones is at a bit of a crossroads in his career. He was once an above-average starter on the cusp of being elite, but he hasn’t been in that realm for several years. It’s possible he may still view himself as a starter or a solid backup, however, the numbers don’t lie and they show that at this point in his career Jones is a below-average option in net. Which might explain why he is still unsigned this deep into the offseason.

Stats

2022-23: 48 GP, 27-13-3, 2.99 GAA, .886 SV%, 3 SO
Career: 444 GP, 225-163-35, 2.71 GAA, .905 SV%, 28 SO

Potential Suitors

Over the last decade or so it seems more common that teams have relied on more than two goalies to get to the Stanley Cup. The Penguins did it in 2016 and probably wished they had three goaltenders in 2022 when they lost starter Tristan Jarry and backup Casey DeSmith to injury. The Vegas Golden Knights did it this year as well as they relied on Adin Hill to lead them to their first Stanley Cup after losing multiple goalies to injury throughout the year. That is the puzzling piece with Jones, he could be a terrific third option on a team that is desperate for goaltending depth, as proven by his presence in Seattle last season. One might wonder if Jones thought he could get more money early on and perhaps priced himself out of a deal in the early days of free agency. Alex Nedeljkovic took a one-year deal for $1.5M in Pittsburgh to be their third-stringer and I’d be curious to see if Martin Jones had any similar offers in early July.

Whether or not Jones has had any offers is moot at this point, he remains unsigned and while a lot of teams like Pittsburgh addressed their goaltending depth, some teams could still use some help.

We’ll start in the West with the Vancouver Canucks. Jones is from North Vancouver, and when a player comes up for free agency there is always speculation about a return home. In the case of Jones to the Canucks, a return would make a lot of sense. The Canucks received a lot of very poor goaltending last season when starter Thatcher Demko went down to an injury. And while Spencer Martin tried valiantly to fill the void left by Demko, he just isn’t skilled enough to be relied upon as a regular NHL backup. However, the Canucks currently have Martin pencilled in to be the backup to Demko, and that probably isn’t going to be good enough for a team that aspires of making the playoffs once again. The Canucks have had a tumultuous couple of seasons, particularly last season, and could use some more stability in what is arguably the most important position.

Over in the East, a team that could use some depth in the crease is the New Jersey Devils. The Devils have been rumored to be interested in several goaltending options including John Gibson and Connor Hellebuyck, but both of those goaltenders would represent a huge commitment financially and would require a lot of trade assets. The Devils do need some type of improvement in the crease, be it from outside help or internal improvement. The Devils relied on the tandem of Vitek Vanecek and Akira Schmid last season, and while they were good enough to get the Devils to the second round of the playoffs, neither goalie has a history of playing at a high level in the NHL. Vanecek has been a league-average netminder for his three seasons in the NHL while Schmid was terrific in his first season in the league but played just 18 games. Jones would provide the Devils with a veteran presence that could push the Devils’ two young goalies for playing time while providing leadership, guidance and most importantly, depth. Jones isn’t going to turn into a Vezina candidate overnight, but he also won’t cost the Devils any assets and would come cheap.

Projected Contract

Like many of the remaining unrestricted free agents, Jones is likely going to take a significant pay cut for the upcoming season. Jones made $2M with the Kraken last season and would be lucky to fetch a one-year deal for half of that at this point in the offseason. Whatever team signs Jones will likely see him as a depth option who can start for an extended period should one of their top goaltenders go down to an injury. While there is value in that, the flat cap world has left many of the players like Jones scratching and clawing to stay in the league. Career tweener goaltenders such as Louie Domingue have managed to find guaranteed salaries at league minimum in recent years and one would have to think that Jones will end up with a similar fate.