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Erik Karlsson Re-Signs With San Jose Sharks

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UPDATE: The Sharks have now officially announced the Karlsson extension and it is worth even more than previously believed. Karlsson is set to make $11.5MM on average over an eight-year term for a total of $92MM, according to CapFriendly. That includes $53MM in signing bonuses, largely front loaded in the early years for potential lockout protection, as well as in the final two years to dissuade a buyout. The contract also includes a full No-Movement Clause. There is little doubt remaining that San Jose is all in on Karlsson given these terms, which make Karlsson the highest paid defenseman in NHL history and behind only Connor McDavid and Auston Matthews overall. The Sharks simply have to hope that he can get back to full health and remain that way as long as possible, while those teams that missed out on a chance to court him this summer have to hope that the somewhat underwhelming replacement options don’t drastically increase their asking price.

 

It’s been an ongoing narrative early this off-season that the San Jose Sharks were willing to do whatever it takes to re-sign Erik Karlsson, after the all-world defenseman played well – when healthy – in his first season with the team. Karlsson is considered not just the top defenseman on the free agent market, but arguably the biggest name overall, and that’s taking into account his injury concerns. Few defensemen in the NHL can do what a healthy Karlsson can offensively and the 29-year-old was set to cash in on the open market. Yet, it seems that GM Doug Wilson and the Sharks have convinced Karlsson that he doesn’t need to test the waters to find a considerable contract and a winning team. TSN insider Bob McKenzie reports that “all signs are pointing” to Karlsson returning to San Jose and colleague Pierre LeBrun follows it up by stating that “a deal is indeed done.”

McKenzie is hardly the first to report that extension talks were getting close between the two sides, but when the respected hockey mind makes a pronouncement like this, it generally carries significant weight. LeBrun thus checked in himself and found previous reports that the two sides were talking about a contract in the neighborhood of Drew Doughty’s eight-year, $88MM contract to be true. LeBrun believes that is will be an eight-year deal worth more than Doughty’s $11MM AAV. This would make Karlsson’s cap hit the third-largest in NHL history.

Unless his negotiating rights were to be traded prior to July 1st, the Sharks were always going to be the only team that could offer Karlsson that valuable eight year. However, it is likely their willingness to move into the double-digit AAV realm that pushed negotiations closer to a resolution. Especially in a season in which Karlsson missed 29 games due to injury, there was plenty of speculation that his value would take a hit on the free agent market, resulting in lesser term or at least a lower dollar value over a long-term deal. Instead, the Sharks seemingly plan to keep Karlsson in town by offering him the same contract he likely would have landed prior to this past season and hope that recent groin surgery solves the nagging soft tissue damage that cost the superstar blue liner so much time this season.

Assuming this extension becomes official shortly, it will have wide-ranging effects. San Jose cannot afford to re-sign Karlsson to this contract and also re-up restricted free agents Timo Meier and Kevin Labanc without making some sacrifices. Priority unrestricted free agents like Joe Pavelski, Joe Thornton, Gustav Nyquist, and Joonas Donskoi cannot all return if any can. Signing even one of those players may force the Sharks to move out other salary from the roster. Additionally, per the terms of the original Karlsson trade, San Jose will also surrender a 2021 second-round pick to the Ottawa Senators in exchange for extending their acquisition. As for the rest of the free agent market, one of the top names is now off the board. The demand and thus the price for the next tier of defensemen – Jake Gardiner and Tyler Myers – just went up, as did the cost of bringing in a big name like Artemi Panarin or Matt Duchene after both Karlsson and Jeff Skinner received larger contracts than expected.

The greater story here though is that the Sharks’ Stanley Cup window, which some saw as closing if Karlsson, Pavelski, and Thornton were all to leave, has now been extended with the re-signing of one of the game’s best defensemen, so long as he can stay healthy. With Karlsson, Brent Burns, and Marc-Edouard Vlasic together on the blue line for at least six more years and core forwards like Logan Couture, Evander Kane, Tomas Hertl, and soon Meier locked up, the team has strength at both ends and will continue to be a top competitor year in and year out.

 

Pacific Notes: Donskoi, Eakins, Phaneuf, McDavid

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The San Jose Sharks and general manager Doug Wilson have a lot on their plate this offseason as they have a number of key free agents they must deal with, including Erik Karlsson, Joe Pavelski and Joe Thornton. One name that is often forgotten is free agent forward Joonas Donskoi, who has been a solid contributor as a middle-six forward the last few years.

The Athletic’s Kevin Kurz reports that it looks like Donskoi is leaning towards going onto the open market to see what offers he might receive and could wait to see if a team comes calling when the interview period opens on June 23. Donskoi could receive quite a bit of attention as he has scored 14 goals in each of his last two seasons and had 37 points this year. While that’s hardly amazing numbers, the speedy wing is a good defender and could provide value for a lesser price tag, considering he only made $1.9MM last year.

  • While it looks like the Anaheim Ducks are moving rather slowly in naming their head coach, it looks like there are only two candidates remaining in the race in Dallas Eakins and University of Minnesota-Duluth coach Scott Sandelin, according to Sportsnet’s Elliotte Friedman. Eakins remains the favorite, but the team is doing quite a bit of research on him, including interviewing some of the veterans on his AHL squad.
  • Jordan Samuels-Thomas of The Athletic (subscription required) writes that with Dion Phaneuf being bought out, the most likely destination for the veteran blueliner would be a young team that’s several years away from truly competing. The scribe writes that the decline in the 34-year-old’s play would likely have playoff teams looking elsewhere for veteran depth, but Phaneuf’s leadership and his ability to mentor young players would make him more valuable to a lottery team. On top of that Phaneuf could help team’s penalty killing and can provide a physical presence a young team might lack.
  • At a gathering for 500 season ticket holders, Edmonton Oilers general manager Ken Holland said he has already met with star center Connor McDavid twice in the last 10 days, including visiting him as he was working out, according to Terry Jones of the Edmonton Journal. He reports that McDavid is doing well and is expected to ready for the start of training camp. The 22-year-old suffered a small PCL tear in his knee on the final game of the regular season, but the injury didn’t require surgery.

Financial Flexibility Key To Sharks’ Offseason

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The San Jose Sharks went all-in this season. A team that was already strong enough to compete for the Stanley Cup decided to go out and acquire Erik Karlsson before the start of the season, sending a huge package of assets to the Ottawa Senators in exchange for the star defenseman. That came just a few months after the team had snatched Evander Kane at the 2018 trade deadline, which had already cost them a fair amount of draft capital. As if that wasn’t enough, they then went out at this year’s deadline and acquired Gustav Nyquist for another set of picks, leaving them with just one selection in the first four rounds this year and without their first and third picks next season.

That kind of shopping spree usually leaves a team with plenty of regret if they don’t end up winning it all. The Sharks, if you weren’t paying attention, didn’t win it all.

Still, as San Jose head into the offseason after another disappointing playoff loss, there is still hope. Despite having a relatively bare cupboard of draft picks, and three players on the roster making more than $8MM per season despite being on the wrong side of thirty, the Sharks have an incredible amount of flexibility this summer. That’s thanks to a whopping seven players reaching unrestricted free agency, allowing the team to pick and choose who they bring back and for how much.

Obviously, watching Karlsson walk after one year—or Nyquist after a few months—would be frustrating for the Sharks. The same could be said about long-time leaders in Joe Pavelski and Joe Thornton, both of whom are also set to become unrestricted free agents. But within that potential frustration is also an opportunity, one which could result in the Sharks being just as competitive again next season, albeit with a different cast of characters.

Specifically, Karlsson and Nyquist come with more than just a monetary price tag. Both players will cost the team a second round pick if they re-sign, to Ottawa or Detroit respectively, as part of the conditions of their trades. That may end up being a deciding factor if GM Doug Wilson doesn’t want to lose any more of his already rare picks. Pavelski and Thornton meanwhile come with age and injury concerns, given how their last few seasons have gone. Both—and perhaps especially Pavelski—are still effective, but Wilson may have to make the hard decision of letting franchise icons leave, as he did with Patrick Marleau two years ago, if they demand too much money.

It’s that money question that is what makes this summer so interesting for the Sharks. CapFriendly currently projects San Jose to have nearly $25MM in cap space for next season, thanks to just 14 players in the entire organization with one-way contracts. Obviously the team will need to sign several players to fill their ranks, but they aren’t forced into anything at the moment. The next wave of on-ice leaders for the Sharks is  going to include players like Kevin Labanc and Timo Meier, but both are restricted free agents who can either be signed long-term or short depending on the rest of the offseason. Neither one has arbitration rights, meaning the team can take negotiations slow if they choose.

Like last offseason, when the Sharks made a pitch to top free agent John Tavares, Wilson can see what the prices are on some of the other top names before backing himself into a corner. Thornton has already said that he would only come back to play for San Jose, while it would be hard to see Pavelski running into the arms of another team without giving the Sharks every chance to match whatever offers come in.

There’s nothing good about having such a small selection of draft picks, but the Sharks have done so well over the last few years—Labanc, for instance is a sixth-round pick from 2014 who looks like he may be a 70-point scorer one day—they have enough built into the system to overcome this short lull. It’s free agency that will be really interesting for a team that can’t seem to get over the hump, and they have more than enough financial ammunition to make it a show.

Photo courtesy of USA Today Sports Images

Free Agent Focus: San Jose Sharks

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Free agency is now less than a month away from opening up and there are quite a few prominent players set to hit the open market while many teams have key restricted free agents to re-sign.  San Jose should have one of the busiest off-seasons, as the team has multiple key free agents to sign or otherwise may have a completely new look next season.

Key Restricted Free Agents: F Timo Meier – With so many questions concerning their unrestricted free agents this off-season, it might be easy to forget that the team must also find a new contract from one of their young stars and Meier should get quite the pay raise this year after making just $894K last season. Meier repaid the Sharks with his best season yet, scoring a career-high 30 goals and 66 points. He also posted 15 points in 20 playoff games. With the money that many restricted free agents have been getting over the past couple of years, Meier could be in for a giant payday, regardless of whether he signs a bridge deal or the team locks him up long-term.

F Kevin Labanc – It took quite a while for Labanc to work his way into San Jose’s veteran-laden lineup, but he has done quite a good job on the team’s third line and could be headed for a even larger role depending on how the off-season shakes out for the Sharks. Like Meier, Labanc has had season highs in both goals (17) and points (56) and would be a likely candidate to take a bridge deal in order to prove whether he can take his game up to another level and become a top-six option for them.

Other RFAs: D Michael Brodzinski, F Rourke Chartier, D Nick DeSimone, D Cody Donaghey, D Cavan Fitzgerald, F Dylan Gambrell, F Maxim Letunov, F Jonathon Martin, F Francis Perron, D Joakim Ryan, F Alex Schoenborn, F Antti Suomela, D Kyle Wood.

Key Unrestricted Free Agents: D Erik Karlsson – Many people expected the Sharks to lock up Karlsson to a long-term deal at the trade deadline, but when that didn’t happen, there were many questions about whether he was willing to sign a deal with the Sharks at all, as well as many people who wondered whether Karlsson was worth a long-term deal considering his injury history. After all, the 29-year-old missed most of the second half of the season with a groin injury and even when he returned for the playoffs, he wasn’t fully healthy as he had trouble keeping up with the quicker opposing forwards. It looks more like Karlsson intends to test the open market and head to a team he would like to play for long-term or take the best offer that he can get. Will it be San Jose though?

F Joe Pavelski – The 34-year-old captain has been a key figure for the Sharks throughout his career, but so far there have been few talks of giving the veteran a new deal. While it’s hard to picture Pavelski heading elsewhere, the Sharks must factor in what a new contract for the soon-to-be 35-year-old would look like for the rest of their cap structure. Pavelski is coming off a unique 38-goal season, a number that he is unlikely to equal again, and with the difficulty of long-term deals for 35+ players, the team will likely want to avoid a multi-year deal that has a large AAV attached to it, meaning the club will have to hope that Pavelski isn’t going to be asking too much.

F – Joe Thornton – It’s unlikely the team is worried about money when it comes to Thornton, as the team will bring him back on a one-year deal at a reasonable cost (he signed for one year and $5MM last offseason). However, the real question is whether Thornton is ready to call it quits. Thornton will turn 40 in July and didn’t make it clear during locker clean-out day that he will definitely return next season. He wants time to think about it.

Other UFAs: F Tim Clifton, F Joonas Donskoi, F Micheal Haley, D Tim Heed, F Gustav Nyquist.

Projected Cap Space: With a little over $58MM committed to 15 players for next season per CapFriendly, the Sharks should have some cap room to work with despite a number of high profile free agents this off-season. The team must try to bring back Karlsson and Pavelski, while trying to get reasonable deals in place for Meier and Labanc. While they may have to wait for a Thornton decision, they do have other important free agents they must consider for a deal as well, such as Donskoi and Nyquist. If all of these impending free agents are interested in a return, San Jose may be forced to move someone else with cap space at a premium. Regardless, the team may have to rely even more on younger players to fill holes in the bottom of their lineup next season.

Photo courtesy of USA Today Sports Images.

Snapshots: Thornton, Pavelski, Chelios

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The San Jose Sharks have plenty of tough decisions this summer when it comes to unrestricted free agents, but one of the most interesting will be regarding Joe Thornton. The veteran forward will turn 40 the day after free agency opens but is coming off another solid season with 16 goals and 51 points. Thornton spoke to Kevin Kurz of The Athletic today at the season-ending media availability, and told him that he hadn’t made a decision on his future yet but would only play in San Jose if he does continue his career.

The 39-year old now has 1,478 points in 1,566 games during his long NHL career, but hasn’t been able to lift the Stanley Cup a single time. After two major knee injuries and another disappointing finish, who knows whether he wants to suit it up again in 2019-20. Scheduled to become a UFA, Thornton was operating this season on a one-year, $5MM deal.

  • Meanwhile, Joe Pavelski is also an unrestricted free agent this summer but is “pretty confident” he’ll be back, according to Kurz. Amazingly, Pavelski had hand surgery two weeks ago but continued to suit up in the playoffs despite that and several other serious injuries. The 34-year old captain of the Sharks had an outstanding season with 38 goals, and was the heart and soul of the team once again in the postseason.
  • Jake Chelios won’t be re-signing with the Detroit Red Wings, as he has accepted a two-year contract in the KHL. Chelios is headed to China to play for Kunlun Red Star after making his NHL debut earlier this season. The son of legendary defenseman Chris Chelios, Jake played four seasons at Michigan State University before suiting up in the AHL for the last five years.

2019 Masterton Trophy Finalists Announced

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The Bill Masterton Memorial Trophy is given out annually to the NHL player who exemplifies perseverance, sportsmanship and dedication to hockey. The award has been voted on by the Professional Hockey Writers’ Association since 1968, and today they announced their nominees for 2019.

Past winners of the award include Brian Boyle (2018), Craig Anderson (2017), Jaromir Jagr (2016), Devan Dubnyk (2015), Dominic Moore (2014) and Josh Harding (2013).

Each team provided a nominee for the award. The finalists this season are Nick Foligno from the Columbus Blue Jackets, Robin Lehner from the New York Islanders and Joe Thornton from the San Jose Sharks.

Foligno, 31, captained the Blue Jackets to a playoff berth and first-round upset of the Tampa Bay Lightning while also dealing with major health scares for two of his children. Twice the veteran forward had to leave the team to deal with family issues, including when his 22-month old son Hudson’s lung collapsed while in the hospital with pneumonia. It’s been an incredibly trying year for the captain, making the Blue Jackets’ playoff success even more deserved.

Lehner, 27, has finally found some balance in his life as part of the Islanders, after battling addiction and mental health issues for years. Lehner wrote a piece for The Athletic in September detailing his bipolar diagnosis and struggles with alcohol while part of the Buffalo Sabres organization. He went on to post an incredible .930 save percentage this season, winning the Jennings trophy as the goaltender for the team with the lowest goals against average.

Thornton, 39, fought back from several major knee injuries over the past two seasons to suit up 73 times in 2018-19. The legendary playmaker ended with 51 points, the 17th time he has broken the 50-point threshold in a season. Even at the late stage of his career he was pushing hard to be healthy and productive for the Sharks, and now has four points through four games in the playoffs.

Joe Thornton Receives One-Game Suspension

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The Sharks will be without center Joe Thornton for Game Four of their first-round series against Vegas after the Department of Player Safety announced (video link) that he has been given a one-game suspension for an illegal check to the head on Golden Knights forward Tomas Nosek.

The incident occurred in the second period on Sunday night when Thornton caught Nosek’s head with his shoulder after Nosek had made a pass.  Despite receiving a two-minute minor for an illegal check to the head on the play, Thornton told reporters postgame, including Curtis Pashelka of The Mercury News, that he didn’t think it warranted any supplemental discipline:

I honestly thought I barely touched him.  He just came right back; it was just one of those plays that it is what it is. I think my son hits me like that six times a day, it’s just a weird position to put himself in. That’s all.

Losing the 39-year-old is a big blow for San Jose, who is down 2-1 in the series.  Thornton has picked up a point in each of the three games thus far and sits tied for third on the Sharks in scoring in the series.  He will be eligible to return for Game Five on Thursday night.

Snapshots: Kane, Bruins, Thornton

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USA Hockey has announced their captain for the upcoming IIHF World Championship and it will once again be Chicago Blackhawks superstar Patrick Kane. Kane served as captain of the team last year when they took home a bronze, and has competed several times internationally.

The club is expected to release their preliminary roster later this week, but it appears as though they will be one of the favorites again. The American squad will also feature Kane’s teammate Alex DeBrincat, along with others like James van Riemsdyk and Quinn Hughes. The group will be led by Jeff Blashill behind the bench, and play their first official game on May 10th against Slovakia.

  • When the dust settled on game two between the Boston Bruins and Toronto Maple Leafs, it appeared as though both teams would lose players for their next matchup. Nazem Kadri is expected to be given a long suspension for his cross-check to the face of Jake Debrusk, but the Bruins forward was back on the ice today at practice and is expected to play tonight. The same can be said about Torey Krug, who will take part in the game despite looking severely injured after taking a big hit from Jake Muzzin. Kadri meanwhile is having his in-person hearing in New York with the league.
  • After Kadri’s hearing the league will also be looking at Joe Thornton’s hit from the San Jose Sharks-Vegas Golden Knights game according to David Schoen of the Las Vegas Review-Journal. Thornton made considerable contact with Tomas Nosek’s head, and received a two minute minor penalty for it. It’s not clear if the hit will rise to the level of supplemental discipline, as the Department of Player Safety has not yet announced a hearing for Thornton. UPDATE 1:15pm: The league has announced a hearing for Thornton. It will happen today.

Joe Thornton, Ryan Reaves Receive Matching Fines For High-Sticking

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The San Jose Sharks and Vegas Golden Knights seem destined for a first-round collision in the playoffs and the hype for that divisional rivalry series only increased last night after their final regular season meeting. A 4-3 overtime win for the Sharks, the game ended late but the contention started early as future Hall of Famer Joe Thornton and infamous grinder Ryan Reaves got into in the first period. The sparring between the two led to what appeared to be an intentional high stick from Thornton, who shoved the butt end of this stick into Reaves’ neck area. Reaves retaliated and ended up earning a ten-minute misconduct in addition to a two-minute minor for roughing, while Thornton only received a minor for high sticking. Late in the game, Reaves retaliated again with a high stick of his own on Thornton, which was not caught by the referees.

It was however caught by the NHL Department of Player Safety. Player Safety reviewed the incidents and have decided that supplemental discipline is necessary, but the altercation was not suspension-worthy for either player. Instead, they settled on enforcing matching fines for each case of intentional high-sticking. Both Thornton and Reaves have been fined $2,500 for high-sticking, Player Safety announced.

The league’s response to Thornton’s and Reaves’ actions seems fair for now, but the big question is how they will act if the two continue to battle outside the rules when these two teams clash in the postseason. Reaves isn’t exactly one to forget grudges, while Thornton is well beyond the point in his career where he is willing to put up with disrespect. The two seems almost guaranteed to go at each other in the first round and Player Safety may have to decide whether more fine will be enough if the altercations continue or grow more dangerous. A suspension in the playoffs, even a one-game ban, is usually reserved for major incidences, but Thornton and Reaves might not be slowed by fines for further aggression and could be a cause for concern over a four-to-seven game stretch.

Pacific Notes: Baertschi, Carrier, Phaneuf, Thornton

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The Vancouver Canucks may be fighting for a playoff spot, but they will have to do it for a while without winger Sven Baertschi, as Canucks’ head coach Travis Green reported that Baertschi will miss some time after being diagnosed with post-concussion syndrome, according to Patrick Johnston of the Vancouver Sun.

Baertschi has been feeling ill since last Sunday, the day after the team played Colorado and he didn’t report any symptoms before the game. However, Green said this is not a new concussion as there is no indication that he suffered any hit during the game. Instead it is believed this ties in to a concussion Baertschi suffered in October when he took a hit to the head from Vegas’ Tomas Hyka. There is no specific timetable to how long Baertschi will be out.

“We’re going to give him some time off,” Green said. “(He’s) probably going to be out for a little bit.”

Baertschi did not accompany the team to Philadelphia last week and has now missed three games, all losses. Johnston adds that post-concussion syndrome can linger for months after an initial concussion.

  • The Athletic’s Jesse Granger reports that the Vegas Golden Knights will be swapping players Saturday. The team is expecting to get back fourth-line winger William Carrier for their game today against Columbus. Carrier has been out for more than a month after going down with an undisclosed injury. Carrier has played a career-high 44 games and has eight goals, but has been essential to the team’s bottom line with 219 hits. With Carrier’s return, the team has placed third-line winger Ryan Carpenter on injured reserve, also with an undisclosed injury.
  • The Athletic’s Lisa Dillman (subscription required) writes that after being scratched for the first time in his career, Los Angeles Kings defenseman Dion Phaneuf was unhappy with the developments and despite potential rumors of an eventual buyout, he claims he has plenty more left to give in the NHL. “I’m not that old. So I will say that,” said Phaneuf, who will turn 34 on April 10, “I’ve got lots left. Mentor, whatever you want to call it, I’ve got a job to do as well. I feel good. I know I’ve played a long time. I’ve got more left. Right now, it’s about working to get back in the lineup. When you get back in, you want to do your job.”
  • Despite talk of still being injured, The Mercury News’ Paul Gackle writes that the 10-day break that Joe Thornton and the San Jose Sharks got recently has done wonders for their third-line center. Thornton, who has struggled with knee issues on and off this sea is now fully healthy and starting to become what head coach Peter DeBoer envisioned when Thornton took over his third-line center duties, giving the team a sparkplug on a bottom-six line. “A healthy Joe Thornton creates mismatches. He turns depth players into very-good players,” DeBoer said. “That’s a key to success in this league.”

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