The New Jersey Devils acquired goaltender Jacob Markstrom from the Calgary Flames for defenseman Kevin Bahl and a top-10-protected first-round draft pick in 2025, it was announced Wednesday.

Calgary will also retain 31.25% of Markstrom's salary in the deal.

Markstrom waived his no-trade clause to facilitate the transaction. He has two seasons remaining at $6 million per year on his current contract.

The Devils had been after Markstrom since the March trade deadline but weren't able to get a deal with Calgary over the line in time. He had reportedly been unhappy with the Flames for months and would have been open to a trade sooner.

Markstrom is off to New Jersey after posting a 23-23-2 record last season with .905 save percentage and a 2.78 goals-against average.

He will join the Devils in a likely tandem with veteran Jake Allen. New Jersey grabbed Allen from Montreal Canadiens in March following the trade of their former No. 1 goalie Vitek Vanecek to San Jose Sharks. Allen took over as the Devils' starter down the stretch for the regular season as New Jersey failed to qualify for the postseason.

New Jersey also had goaltender Kaapo Kahkonen in the mix from its trade of Vanecek to the Sharks. Kahkonen is an unrestricted free agent on July 1.

This is the Devils' first significant personnel move since hiring new coach Sheldon Keefe on May 23. The team's goaltending carousel over the last two seasons had been a significant issue needing to be addressed, and Markstrom -- coupled with Allen -- projects to bring stability that New Jersey's craved to become a consistent playoff contender.

The Flames now will likely go with a tandem of Daniel Vladar and Dustin Wolf at goaltender. The latter was a seventh-round pick by Calgary in 2019 and the organization has been building him up to be a full-time player in their future. He suited up in 17 games last season with an .893 save percentage. Vladar was 8-9-2 last season with an .882 save percentage when backing up Markstrom.