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1. Henrik Lundqvist, New York Rangers
2. Ryan Miller, Buffalo Sabres
3. Pekka Rinne, Nashville Predators
"King Henrik" is finally awarded a much-deserved Vezina after another spectacular season. The rest of the Rangers organization finally figures out that they should play some defense in front of Lundqvist, and the results are something to behold. Lundqvist records ten shutouts to go along with a pristine .931 SV% and 2.21 GAA.
Ryan Miller also reaps the benefits of an excellent defense, posting his best season since 2009-10 with seven shutouts, a .929 SV% and 2.24 GAA. He leads the Sabres to an unexpected Northeast Division title, their first since his last Vezina in 2009-2010.
Pekka Rinne continues his dominance in 2011-12, posting some stellar numbers (.927 SV%, 2.27 GAA, 8 shutouts) and backstopping the Predators to yet another playoff berth. Rinne's second consecutive nomination cements his status as one of the NHL's top net-minders.
Ilya Bryzgalov finishes a close fourth in the final voting. Boston's Tim Thomas struggles with a "lower-body injury" and is riddled with inconsistency. Vancouver's Roberto Luongo, despite another strong season, is snubbed by the voters, presumably due to his lack of "big game prowess."