Nov. 24: Georgiev cleared unconditional waivers, per Friedman, meaning he’s had his contract with Buffalo terminated and is free to sign with Spartak.
Nov. 23: Insider Elliotte Friedman of Sportsnet shared this afternoon that Sabres goaltender Alexander Georgiev has been waived with the intent of contract termination. Georgiev is set to move on to Russia and join Spartak of the KHL.
Georgiev was waived last month, then cleared and joined the AHL’s Rochester Americans. There, the Sabres affiliate had a wealth of goaltending, arguably at a legitimate NHL level, with Devon Levi alongside Georgiev, as well as prospect Topias Leinonen. Before the season, Buffalo had significant question marks in net with Ukko-Pekka Luukkonen banged up, and the respectable but not exactly standout Alex Lyon tasked with holding things down.
As it has turned out, Lyon has performed steadily, and waiver pickup Colten Ellis has also exceeded expectations. There was no real path forward for Georgiev in the organization. The Bulgarian native played in two games for Rochester, both ending in losses with a 3.57 GAA. He now seems to be in greener pastures, joining a solid Spartak club, which has needed help in net, where he will be a star at the KHL level.
Originally undrafted out of the Finnish Liiga, an unusual path for most Russian players, Georgiev made an impression with the Rangers, who signed him in 2017. Making his NHL debut in 2018, Georgiev has the distinction of serving as backup for franchise icon Hendrik Lundqvist in his final season as a Ranger, gradually taking a higher workload. With the emergence of star Igor Shesterkin, though, Georgiev’s future in New York became uncertain.
After the 2021-22 season, Georgiev was dealt to the freshly minted Stanley Cup Champion Colorado Avalanche for draft picks in order to replace Darcy Kuemper. Georgiev emerged as a low-stakes, affordable option for a team strong enough up front to make up for any shortcomings in net. Sure enough, Georgiev posted his best season as a pro, leading the NHL with 40 wins and becoming an NHL All-Star.
Unfortunately for Georgiev, despite twice leading the league in wins, all while still remaining under 30 years old, Colorado quickly pulled the plug in 2024-25 amidst his shaky play. While unusual for a team to do so with a former All-Star, it appeared the success was largely driven due to the team in front of him. Georgiev was dealt to the hardcore rebuilding San Jose Sharks, where Colorado brought back Mackenzie Blackwood in return.
In the thick of an aggressive rebuild, getting heavily outshot most nights, Georgiev naturally did not have as much success in San Jose in a role that is especially tough on any goaltender. GM Mike Grier let his contract expire after 2024-25.
Georgiev was signed in September by Buffalo, with an opportunity to re-establish himself as an NHLer; however, with the emergence of other netminders in the organization, doors shut quickly. Still just 29, it is not impossible he could make an NHL return, but for now, Georgiev will likely be eager to return closer to home as a major standout player in the KHL.