- Peyton Krebs and the Sabres settled their arbitration case with a four-year extension
- The contract carries a $4.5 million cap hit and keeps Krebs in Buffalo through 2029-30
- Read below for the terms, the arbitration backdrop, and Krebs’ career year
Peyton Krebs isn’t going to arbitration after all.
The Sabres and Krebs settled their case Monday, agreeing to a four-year extension that keeps the 25-year-old forward in Buffalo. The team announced the deal carries a $4.5 million cap hit, which works out to $18 million over the life of the contract.
Buffalo made it official Monday afternoon:
Krebs was one of 15 restricted free agents who filed for salary arbitration this summer, and his hearing had been set for August 1. Elliotte Friedman first reported that the two sides had settled before it ever got that far.
Getting a deal done early takes the arbitrator out of the equation. Had the case gone the distance, Buffalo would have picked between a one- or two-year award, with an arbitrator setting the number. Instead Krebs lands term and a raise. The full list of remaining arbitration hearing dates ran through early August.
The extension follows the best season of Krebs’ career. He posted 12 goals and 39 points in 2025-26, both personal highs, then chipped in six points across 13 playoff games as Buffalo made its postseason run.
He’d been playing on a two-year, $2.9 million deal signed back in 2024, and was owed a $1.45 million qualifying offer this summer. This one roughly triples his old cap hit.
Buffalo called him its “Swiss Army knife,” a nod to how often the club has moved him around the lineup. Here’s the Sabres’ post:
The new contract runs through 2029-30 and buys out two of Krebs’ unrestricted free agent years.
