Ryan Cowley 
It appears that the LA Kings and Cal Petersen have agreed on a new contract that would keep the netminder with the club long-term.
According to David Pagnotta of The Fourth Period, the LA Kings and goaltender Cal Petersen were closing in on a contract extension.
Petersen, who is scheduled to become an unrestricted free agent next summer, used the 2020-21 season to break out as the team’s goaltender of the future, unofficially establishing himself as the No. 1 man between the Kings pipes.
Hearing the LA Kings and goalie Cal Petersen are closing in on a contract extension.
— David Pagnotta (@TheFourthPeriod) September 22, 2021
Pagnotta’s tweet came first thing on Wednesday morning, so while no terms of the pending deal have been disclosed yet, it should only be a matter of time before we discover the length and amount of Petersen’s new contract.
Dennis Bernstein, also of The Fourth Period, has since tweeted that the deal is now done.
Deal is done between Cal Petersen and Kings. Expect official announcement soon, as LA camp opens tomorrow. https://t.co/KcyXyUnFBA
— Dennis Bernstein (@DennisTFP) September 22, 2021
As Bernstein said, expect an official announcement soon.
UPDATE: Contract details have been released.
The #LAKings signed 26 y/o G Cal Petersen to 3 year $5M Cap Hit Extension starting 22-23:
Yr 1: 1M Base & 3M Signing Bonus
Yr 2: 1M Base & 4M SB
Yr 3: 6M BaseWas set to be UFA next year
.911 SV% in 35 GPRep'd by Pete Rutili @wassermanhockey https://t.co/hUFUkGwn7e
— PuckPedia (@PuckPedia) September 22, 2021