Dec 15: Kellman has cleared waivers and will see his contract terminated.
Dec 14: The San Jose Sharks are going to part ways with Joel Kellman, as the minor league forward has been placed on unconditional waivers for the purpose of a contract termination according to Elliotte Friedman of Sportsnet.
Kellman, 27, is on the second season of a two-year deal signed in 2020 after an impressive transition to North American hockey. After going undrafted and playing for years in the SHL, he signed an entry-level contract with the Sharks in 2019 and played in 31 games during 2019-20. He had seven points and looked like he might be a valuable depth piece for San Jose moving forward.
The two-year contract he signed as an RFA carries a cap hit of just $750K but is one-way this season, meaning Kellman is earning $800K no matter where he plays. Given that has been exclusively at the minor league level, it makes sense for both sides to part ways. In 10 games with the Barracuda, he has four points and a contract termination will allow Kellman to return to the SHL or sign elsewhere overseas. Technically, he could also sign with another NHL team, but that seems unlikely in this case.