Sharks Sign Kiefer Sherwood To Five-Year Extension

1:09 p.m.: The Sharks have confirmed a five-year, $28.75MM deal for Sherwood.

12:13 p.m.: Kiefer Sherwood has gone from a potential trade candidate to a top-nine cornerstone, as Sportsnet’s Elliotte Friedman reports the Sharks are close to signing him to a five-year extension worth “a little under” $6MM annually. Chris Johnston of The Athletic adds it’ll be an average annual value of $5.75MM for a total commitment of $28.75MM. The contract also includes signing bonuses and trade protection for the first four seasons, per Frank Seravalli of Victory+.

Sherwood was set to become an unrestricted free agent this summer, an undesirable outcome for a still-building Sharks club that paid two second-round picks to acquire him from the Canucks less than two months ago. It was either a second trade or an extension for Sherwood, who has evidently chosen the latter after San Jose general manager Mike Grier stepped up his offer.

Assuming the extension crosses the finish line, Sherwood will be under contract longer than any other Sharks player. Only William Eklund and Alexander Wennberg are under contract through as late as 2028-29, and Sherwood’s new deal will carry him through the 2030-31 season. That’s certainly life as a club slowly exiting from a years-long rebuild, still boasting many entry-level contracts and stopgap veterans on short-term commitments. That will obviously change soon when Macklin Celebrini, Will Smith, and Yaroslav Askarov become eligible to sign extensions on July 1, though.

Sherwood’s reward comes on the heels of a two-point outing against the Canadiens last night in a wild 7-5 win, including the game-winning goal (it was one of four shots he had in the game). Those were his first two points as a Shark after going without one through his first four games in San Jose. At the time he was dealt, he was dealing with an upper-body injury and didn’t debut for them until their final game before the Olympic break.

That brings the 30-year-old up to 18 goals and 25 points in 49 games on the year. It’s an identical point pace and even better goal-scoring pace than last year’s breakout campaign in Vancouver that saw him set the NHL single-season hits record with 462. He’s not checking at that pace this season, but still ranks second in the league with 238 despite the missed time.

A late bloomer, the Miami-Ohio product made his NHL debut as an undrafted free agent with the Ducks in 2018, but was relegated to a mostly minor-league role for the next few years after a 50-game showing as a rookie. That began to change when he landed with the Predators in free agency in 2022. After hovering around or well above a point per game in the AHL through the early 2020s, he received an extended call-up with the Preds in 2022-23 and put up a 7-6–13 scoring line in 32 games in a fourth-line role.

That earned Sherwood an opening-night spot the following season, and he’s remained in the NHL ever since. Since the beginning of the 2023-24 campaign, Sherwood has a 47-45–92 scoring line in 195 games for Nashville, Vancouver, and San Jose with a +5 rating and 934 hits. That’s an average of 20 goals, 39 points, and 393 hits per 82 games.

The league’s most physical forward by definition, the mild goal-scoring upside he’s flashed in that time makes him an intriguing complementary fit higher in San Jose’s lineup alongside either Macklin Celebrini or 2025 #2 pick Michael Misa, quickly emerging as their second-line pivot after a rough start to the campaign. Sherwood is averaging 17:25 of ice time per game in his small sample in San Jose.

There will be undeniable sticker shock to see a recent breakout talent without a years-long track record of top-nine play this late in his pro career land that combination of length and AAV. It’s simply the reality of a new era of aggressive salary-cap increases. Considering past comparables who signed for similar percentages of the cap, the terms of the deal don’t jump out as overly groundbreaking. AFP Analytics projected Sherwood’s extension at five years, with a price tag of $5.75MM annually, which was right on the money.

Image courtesy of Bob Frid-Imagn Images.