Lightning sign Ryan McDonagh to a 3-year, $12.3M contract extension

TAMPA, Fla. — The Tampa Bay Lightning signed veteran defenseman Ryan McDonagh to a three-year extension worth $12.3 million.

General manager Julien BriseBois announced the deal. McDonagh will be 37 when the new contract kicks in that counts $4.1 million against the salary cap through the 2028-29 NHL season.

McDonagh helped the Lightning win the Stanley Cup back to back in 2020 and ’21 and reach the final in ’22 before losing in six games to Colorado.

They traded him to Nashville that summer to clear cap space at a time

Record cap increases will have McDonagh account for less than 4% of the cap each of the next three years.

McDonagh currently is injured, one of several players Tampa Bay has been missing, along with No. 1 defenseman Victor Hedman. The team has still won 16 of 26 games and leads the Atlantic Division.