Mario Ferraro Likely To Test Unrestricted Free Agency
San Jose Sharks defenseman Mario Ferraro is likely “going to UFA,” Elliotte Friedman of Sportsnet reported on today’s 32 Thoughts Podcast. Friedman said it “doesn’t sound like” there has been much progress on a contract extension between Ferraro and the Sharks, and as a result it appears likely the veteran defenseman will test the open market on July 1.
This confirms what Sharks GM Mike Grier told the media at the end of the season, saying Ferraro would “probably at least test free agency” before finalizing any potential extension with San Jose. (Quote via Josh Frojelin of San Jose Hockey Now)
While there is enough time between now and the start of free agency for things to change, Friedman’s report indicates that Ferraro’s time as a Shark is soon to come to an end. Ferraro was a second-round pick by the team (No. 49 overall) at the 2017 NHL Draft, plucked from the Des Moines Buccaneers of the USHL. After two solid seasons of college hockey at UMass-Amherst, Ferraro broke into the NHL in 2019-20. He earned an NHL spot out of training camp and hasn’t relinquished it since.
Across seven seasons in the Bay Area, Ferraro played in 490 NHL games, scoring 114 points. While his arrival in San Jose coincided with the team’s decline from consistent playoff contender to basement-dwelling rebuilder, Ferraro has been a steady presence on the Sharks blueline throughout those lean years.
A captain in the NCAA, Ferraro quickly took on more of a leadership role in San Jose. In 2021-22, his age-23 campaign, Ferraro was named an alternate captain and has held onto that status through 2025-26.
Now 27 years old, Ferraro has a chance to earn a life-changing contract this summer.
He’s on the younger side when it comes to unrestricted free agents, meaning interested teams can go into negotiations with Ferraro with less fear of the risks of age-related decline. That factor will help him drum up league-wide interest on the open market.
An additional factor aiding Ferraro’s case in free agency is his experience. While he has not yet played in the playoffs in his career, Ferraro has handled a top-four, if not top-pairing workload for a half-decade. His average time-on-ice per game for his career is 21:14, but that’s weighed down by his rookie season, when he averaged just 15:53 per game. From 2020-21 through this past season, Ferraro has averaged 22:00 time on ice per game.
He has consistently played a heavy workload in San Jose, including in 2023-24, when he was the team’s No. 1 defenseman. He has also been a fixture on the penalty kill, leading the team in time-on-ice per game while short-handed in three of the last four seasons.
While offensive production has never been a major element of Ferraro’s game, his ability to weather significant minutes stands out in what is expected to be a thin free agent class. AFP Analytics projects Ferraro to receive a four-year, $5.1MM AAV deal as a free agent, though that could be a conservative estimate given the way player costs have risen as projected increases in the cap have gotten priced into contracts on a more regular basis.
San Jose has more than enough cap space to afford to match any offer made to Ferraro in free agency. PuckPedia projects the Sharks to have nearly $42MM in cap space this summer. But the Sharks have to plan carefully, as they have extensions for their young stars to consider down the line, and they won’t want to commit too much money too far down the line in order to preserve as much financial flexibility as possible for when Macklin Celebrini and others are eating up significant portions of the cap.
Additionally, taxes are a factor that works against the Sharks whenever they look to bid on free agents. While they have had success in the past on the open market, suggesting they have been able to work around this obstacle, the reality is players take home a greater portion of their salary playing in a low-tax market such as Tampa Bay, or Nashville, than in a market like San Jose.
The tax calculator tool provided by Cardinal Point Athlete Advisors shows that if Ferraro were to receive identical offers at AFP Analytics’ projected salary ($5.13MM) from San Jose and Tampa Bay, respectively, Ferraro would pay an additional $705K per year if he took the Sharks’ offer, compared to Tampa Bay’s. Over the lifetime of a four-year contract, that is nearly $3MM difference between the two offers.
In other words, the Sharks and other markets are at a natural disadvantage when competing for free agents. Of course, the Sharks do have some advantages, such as their climate and up-and-coming roster. It’s difficult to isolate the free agent decision-making process to just one variable. And it has to be said that the true tax situation NHL players navigate is far more complex than a simple side-by-side calculator will be able to reflect.
But given all of the things working in Ferraro’s favor, it’s no surprise that he would want to see what kind of offers he’ll receive from around the league before deciding whether to move on from the only NHL franchise he’s ever known.
Photos courtesy of Stan Szeto-Imagn Images
West Notes: Ferraro, Bogosian, Johnson, Harkins
A subject of trade rumors for the past few years, San Jose Sharks defenseman Mario Ferraro is only a few months away from being able to choose where he would like to continue his NHL career. According to Curtis Pashelka of The Mercury News, whether it be in San Jose or elsewhere, Ferraro is seeking a longer-term deal.
Pashelka added that Ferraro is excited about the future of the Sharks organization, but it doesn’t currently seem that he’ll be back with the team next season. Max Miller of Sharks Hockey Digest reported that Ferraro is expected to test the free agent market, but the door hasn’t been closed from either side on a return.
Although he’s not a standout defenseman by any means, Ferraro may be able to take advantage of a thin free agent market to get what he wants. The 27-year-old blue liner scored six goals and 23 points in 82 games for the Sharks this season, averaging just over 21 minutes of ice time a night. Still, San Jose already has left-handed defensemen Dmitry Orlov, Shakir Mukhamadullin, and Sam Dickinson signed through next season, meaning most of their available dollars should go to addressing the right-hand side.
Additional notes from the Western Conference:
- Veteran defenseman Zach Bogosian made his return to the lineup in the Minnesota Wild’s blowout win over the Dallas Stars (via Michael Russo of The Athletic). Bogosian, 35, had been nursing a lower-body injury from the Wild’s April 4th matchup against the Ottawa Senators. He skated in 13:01 of today’s game, blocking two shots and delivering two hits.
- According to Derek Lee of The Hockey News, the Anaheim Ducks could be returning a pair of fourth-line forwards in their Round One matchup against the Edmonton Oilers. Lee shared that Ross Johnston (lower-body) and Jansen Harkins (hand surgery) both participated in today’s practice, although the former was in a non-contact jersey. Still, it’s a positive step in the right direction for the Ducks to take on the Oilers at full strength.
Pacific Notes: Granlund, Carlson, Golden Knights, Sharks
There is a growing expectation that the Anaheim Ducks will return forward Mikael Granlund to the lineup tomorrow. According to Derek Lee of The Hockey News, Granlund was a full participant at practice this morning and centered the team’s second line.
Unfortunately, that doesn’t mean the Ducks will have a complete lineup. In a separate report from Lee, he indicated that recent acquisition John Carlson remains working his way back from a lower-body injury and isn’t expected to debut tomorrow.
At any rate, it’ll be a decent boost for Anaheim to get Granlund back into the lineup. He has been oft-injured this year, appearing in only 38 games, scoring 12 goals and 27 points. Still, the Ducks will need all the depth they can as they continue their playoff push.
Additional notes from the Pacific Division:
- Per Jason R. Pothier and Ken Boehlke of SinBin, General Manager Kelly McCrimmon provided a few updates on several key injuries to the Vegas Golden Knights. Regarding the forward corps, McCrimmon said the team only expects captain Mark Stone to miss the next few days. Additionally, the Golden Knights haven’t placed forward William Karlsson on season-ending long-term injured reserve, but will have to make it to the semifinals if they want to see him again this season. Lastly, McCrimmon added that netminder Carter Hart is still a few weeks away from returning.
- The San Jose Sharks retained their numerous pending unrestricted free agents through the deadline as their own rentals, rewarding the team’s performance so far. Speaking with Curtis Pashelka of Mercury News, General Manager Mike Grier said, “So it kind of felt like it was the best thing to do, in all fairness to them, to kind of keep the group together and see how the rest of the season goes.” Regardless, that didn’t stop teams from making calls, specifically regarding Mario Ferraro and John Klingberg.
Latest On Mario Ferraro
1/29/2026: There are new developments in the situation surrounding Ferraro, courtesy of San Jose Hockey Now’s Sheng Peng. Peng confirmed Pagnotta’s report that the Sharks are interested in retaining the defenseman on a short-term deal, but added that Ferraro himself is looking for a deal with term “likely starting at four years or longer.” Peng also reported that San Jose offered Ferraro a two-year extension, and that offer was rejected.
Ferraro is “likely” seeking a term of at least four years on his next contract, according to San Jose Hockey Now’s report.
Ferraro’s belief that he can likely receive a longer-term offer than the Sharks are currently prepared to make is not entirely unfounded. As mentioned earlier this week, AFP Analytics projected Ferraro’s extension to come with a five-year term, but even looking anecdotally, similar defensemen have been able to earn more substantial term on their UFA deals than two years.
Peng specifically cited recent UFA blueliners Cody Ceci and Ryan Lindgren, who each signed for four years, as players Ferraro might view as comparable. Ben Chiarot, who is 34, signed a three-year extension this week, further legitimizing Ferraro’s belief that he is well-positioned to garner offers with greater than a two-year term.
Whether the Sharks are willing to be one of the teams to make Ferraro one of those offers is still unknown at this time.
1/25/2026: Entering the season, it looked like the Sharks would be selling off multiple pieces from an already weak blue line. Four of their seven active names are pending unrestricted free agents, and for a team primed for another losing season, it looked prudent to cut bait on most, if not all of them, for futures.
Past the halfway point of the year, though, San Jose has exceeded all expectations and finds themselves in the thick of the Western Conference playoff race. While they may still look to flip some veteran names that don’t have a long-term future, Mario Ferraro is becoming less likely to be one of them. They’re still listening to calls on him but are “believed to have some interest in retaining Ferraro on a short-term deal,” David Pagnotta of The Fourth Period wrote last week.
That interest is mutual. The Sharks’ improvement in the standings has boosted his interest in sticking around – something Ferraro already said during training camp he was interested in doing, but Pagnotta wonders if he’d be open to a short-term offer with this summer being the 27-year-old’s best shot at a lucrative long-term contract.
Whether those offers would even be there for Ferraro if he hits the open market this summer remains to be seen. He’s been San Jose’s top minute-muncher throughout the rebuild – at least until this season, when their free-agent signing of Dmitry Orlov has bumped Ferraro down to a more comfortable role as their No. 2 lefty.
His results haven’t been great. Per 82 games for his career, the 5’11” rearguard averages 18 points and a -22 rating. Whether that’s a product of his game or his environment is the million-dollar question for teams entering the summer.
AFP Analytics projects Ferraro’s extension at $5.9MM annually for five years. That’s likely longer than the Sharks are willing to go, but they’re in a position to outcompete that AAV by a significant margin. They’ve shown a willingness to go for high-dollar, short-term deals recently, although with Macklin Celebrini and Will Smith needing new deals in the 2027 offseason, that’s likely to fade fast.
Even if both sides were willing to go for a high-dollar, shorter-term deal in the $6-7MM range, it’s fair to question how much that makes sense for San Jose’s depth chart as soon as next season. Orlov will remain in the picture, Pagnotta relays, and youngsters Sam Dickinson and Shakir Mukhamadullin are solid locks for the other two spots on San Jose’s left side. Unless they’re willing to shift Mukhamadullin to his offside longer-term, there isn’t a pressing need to retain Ferraro past this year.
As for what Ferraro’s brought to the table this season, it’s more of the same. His -2 rating is greatly improved, but his possession numbers remain middle-of-the-pack in defensive-minded usage, controlling 43.7% of shot attempts at even strength. He’s also chipped in four goals and 12 points in 50 games while averaging 20:50 of ice time per game, his lowest workload since his rookie season.
Sharks Notes: Ferraro, Eklund, Lund, Vlasic
Sharks defenseman Mario Ferraro has been involved in trade speculation for a couple of years now and with him entering the final year of his contract and San Jose still rebuilding, that speculation should only intensify in the coming months. However, his preference appears to be to stick it out with the team that drafted him in the second round back in 2019. Speaking with reporters including Max Miller of Sharks Hockey Digest, the 27-year-old stated “I’d love to sign long-term here, I want to win here.” However, he also noted that no talks about an extension have started. Ferraro is set to carry a $3.25MM cap charge for the upcoming season and should be in line to land a long-term deal in the $5.5MM to $6MM range next summer if he makes it to the open market.
More from San Jose:
- Winger William Eklund suffered a wrist injury that required surgery in one of Sweden’s tune-up games for the Worlds last May, taking him out of the tournament. However, he told reporters including Sheng Peng of San Jose Hockey Now (Twitter link) that he has fully recovered from the injury. Eklund inked a three-year, $16.8MM extension on the opening day of free agency, taking away any possible distraction of being in a contract year. He’ll look to build off the 17-goal, 58-point effort he had last season in his second full NHL campaign.
- Winger Cameron Lund suffered an upper-body injury at last week’s rookie tournament but it doesn’t appear to be a long-term issue. Head coach David Warsofsky told reporters including Curtis Pashelka of The Mercury News (Twitter link) that Lund is listed as day-to-day. The 21-year-old played in 11 games with San Jose down the stretch, picking up two goals and an assist in 11:30 per contest of playing time.
- Earlier this offseason, veteran defenseman Marc-Edouard Vlasic voiced his displeasure about his buyout from San Jose, suggesting he was misled by the team at his exit interview. Asked to respond to that today, GM Mike Grier told reporters including Pashelka that he doesn’t have any regrets about how the situation was handled. While declining to get into a who-said-what discussion, Grier noted that Vlasic was indeed given a bit of a heads-up before the buyout was completed while his interpretation of the end-of-season meeting with the blueliner was that the possibility of him being let go from the final year of his contract was discussed. Vlasic is hoping to play this season but has yet to catch on with a team.
West Notes: Samberg, Ferraro, Frederic
According to Sportnet’s Elliotte Friedman, the details of Dylan Samberg‘s arbitration filing have become public. Since he can become an unrestricted free agent next offseason, Samberg can only be given a one-year deal by the arbitrator. According to Friedman, the Winnipeg Jets have filed at $2.5MM, while Samberg has filed at $6MM.
As Friedman noted in his report, these filings are strategic, as there’s little to no chance that an honest arbitrator would side outright with Samberg’s camp. Samberg and his representation are likely hoping for the arbitrator to meet somewhere in the middle, giving Samberg a substantial raise on his previous $ 1.4 million salary. Still, if Samberg has a legitimate expectation for $6MM, there’s little chance that he and the Jets will come to a compromise before his arbitration case on July 30th.
He’s coming off a quality year with the Jets, scoring six goals and 20 points in 60 games with a +34 rating, averaging 21:08 of ice time per game. Although his +/- was exceptional, much of that is due to the fantastic play of Connor Hellebuyck this past season. Samberg finished fourth on the team among defensemen (with more than 20 games played) in on-ice save percentage at even strength with a 91.7% rating.
Other notes from the Western Conference:
- In their offseason 2025 Summer Trade Watch List, The Fourth Period asserts that although he hasn’t asked for a trade, San Jose Sharks defenseman Mario Ferraro is open to a change of scenery. Ferraro has been in the rumor mill for a few years now, and there’s an argument that the Sharks could move one more defenseman before the start of the regular season. Still, it’s become difficult to trade Ferraro since he’s best positioned as a fifth defenseman on a contending team, and San Jose’s reportedly high asking price of a first-round pick for his services. Now that Ferraro only has one year left on his contract, the Sharks may be more inclined to lower their desired return.
- In a new article from David Staples of The Edmonton Journal, the General Manager of the Edmonton Oilers, Stan Bowman, defended his signing of forward Trent Frederic to an eight-year, $30.8MM contract this offseason. After highlighting his physicality and bulldog mentality, Bowman bordered on calling Frederic irreplaceable in the Oilers’ lineup, saying, “And he’s scored, you know, he scored what, 18 goals twice in a row at a fairly young, younger age. So I think he’s got the game in him. And I think when you add all that up, it comes down to he’s a very unique player. It’s not like if we passed on Frederic, we’ll just go get so-and-so, who’s maybe a little different, but the same type of player. Not a lot of guys like that out there. They just aren’t anymore.“
Evening Notes: Ferraro, Rutta, Sorensen, Ekman-Larsson, McCabe
The San Jose Sharks will swap out a pair of injured defensemen through the end of the season. Top defender Mario Ferraro has been ruled out for the remainder of the season, while depth option Jan Rutta will be activated from injured reserve for Friday night’s game, per Jason Gregor of Sports-1440. Ferraro suffered a lower-body injury in Wednesday’s overtime loss to the Minnesota Wild. Rutta was also facing a lower-body injury, and has missed San Jose’s last 27 games.
Ferraro’s season will come to a close on the heels of a streak of heavy utilization. He’s appeared in at least 24 minutes of play in six of his last 10 games. That mark raised his season-long average to 21:24 through 78 games. Ferraro recorded five goals, 17 points, and a minus-25 with those minutes. He also led the Sharks defense with 125 blocked shots and 150 hits on the year. His minus-25 was also Ferraro’s highest plus-minus since the 2021-22 seaosn. He had another year of a hard-fought role, and the defense will feel the weight of his absence through their final four games.
Rutta has handled far less of a role through his healthy games this season. He’s recorded eight points, a minus-six, and 28 penalty minutes in 51 games while rotating through a role on San Jose’s bottom pair. His average of 16:57 in ice time is the fewest of any Sharks defender with more than 30 games played. Nonetheless, Rutta will slot back into a role on the Sharks’ bottom two pairings with Ferraro out.
Other notes from around the league:
- Chicago Blackhawks head coach Anders Sorensen has been named an assistant coach for Team Sweden at the upcoming World Championship per Chris Johnston of The Athletic. It will be his first time coaching in an international tournament at any level. In fact, Sorensen didn’t play in any international tournaments during his short-lived playing career either – though his pro journey did span tenures in Sweden, France, and Norway. Sorensen has grown through the ranks of Chicago hockey, coaching prominent youth club the Chicago Mission for many years before graduating to the AHL’s Rockford IceHogs’ head coaching role, then assuming Chicago’s head coach role this season. Sorensen has set a 15-30-8 record in 53 games behind the Blackhawks’ bench this season.
- Johnston also reported that Toronto Maple Leafs defenseman Oliver Ekman-Larsson will miss Saturday’s game with a day-to-day injury. The Leafs will also be without Jake McCabe per Jonas Siegel of The Athletic, though Siegel adds that McCabe is nearing a return. He has missed the last three games. Both defenders have served strong roles with the Leafs this season, and sit right next to each other across many stats. Ekman-Larsson has scored 29 points in 77 games, while McCabe has managed 23 points in 66 games. Both defenders average 21 minutes of ice time, and round out Toronto’s left-hand side alongside Morgan Rielly. The Leafs will watch for the return of both options closely as they prepare for a long playoff run, after clinching a spot on April 2nd.
Post-Deadline Notes: Armia, Ferraro, Blue Jackets, Flames
The Canadiens elected to stand pat at the trade deadline, a small sign of confidence in their group that has gotten back to the edge of the playoff picture since the 4 Nations Face-Off. But in doing so, it appears as if they opted not to make at least one move of some significance as Sportsnet’s Eric Engels reports that they could have landed a second-round pick for winger Joel Armia. The 31-year-old has 11 goals and 14 assists in 63 games this season but also has been one of the most-used players shorthanded while carrying a $3.4MM cap charge (which they may have had to pay down to make the move). Armia is set to become an unrestricted free agent this summer.
Other notes from the recently passed trade deadline:
- Sharks defenseman Mario Ferraro had been in trade speculation going all the way back to last season but remained with San Jose through the deadline. Part of the reason for that might have been the asking price as Sheng Peng of San Jose Hockey Now suggests that GM Mike Grier was seeking a first-round pick plus another asset for the 26-year-old. Ferraro has 11 points along with 101 blocks and 136 hits in 65 games while logging over 21 minutes a night and has one year left on his contract that carries a $3.25MM AAV.
- Going back to the start of training camp, Blue Jackets GM Don Waddell had talked openly about being willing to take on a contract or even act as a third-party retainer to add some assets. Neither of those wound up happening. He told Brian Hedger of the Columbus Dispatch that they had a pair of trades lined up on Thursday that would have seen them be a third-party retainer fall through plus another on Friday so it wasn’t for a lack of effort that they weren’t able to utilize any of those retention slots.
- The Flames were hoping to act as a third-party broker heading into the deadline, relays Wes Gilbertson of the Calgary Herald. However, it doesn’t appear that any options were available to Calgary on rental contracts. While they had options to act as a retainer for a contract that ran through next season, Calgary was not willing to take on dead money beyond this year, keeping their salary cap flexibility as much as possible.
Sharks Still Open To Moving Mario Ferraro, Avalanche Interested
The Avalanche are one of the teams displaying interest in Sharks defense mainstay Mario Ferraro as they continue to listen to trade offers, David Pagnotta of The Fourth Period reports.
San Jose hasn’t been actively shopping Ferraro but has been listening to offers for over a year. Elliotte Friedman of Sportsnet reported in December 2023 that the Sharks were beginning to field calls on the blue-liner. Pagnotta said before last year’s draft that they continued to weigh offers. He’s stuck around in the Bay Area in part due to a high asking price, something that made sense for Grier earlier in the process with plenty of term left on his contract and no urgency to move him.
However, Ferraro will enter the final year of his contract in 2025-26 and has a $3.25MM cap hit right in line with his market value, if not slightly lower. The Sharks could always opt to hold onto him and initiate extension negotiations over the offseason, but that would be out of line with Grier’s recent moves. Pending UFAs Mackenzie Blackwood and Cody Ceci both expressed interest in extensions with the Sharks midseason but have both been traded.
At first glance, Ferraro’s numbers are ghastly. He’s logged heavy minutes on an understaffed San Jose blue line over the life of his deal and has a cumulative -91 rating in 205 games over the last three seasons. He’s not a factor on the power play and has 11 points in 55 games, so he’s not a considerable factor offensively, either. But his relative possession metrics have improved in recent campaigns, especially considering the quality of competition he faces without much support. His 43.8 CF% last year and 45.2 CF% this year are right in line with team averages. Ferraro’s pairings with Timothy Liljegren and Jan Rutta this season have also been the best of a bad bunch at controlling possession quality, ranking first and second among qualified Sharks defense units with a 44.4 xGF% and 43.9 xGF%, per MoneyPuck.
There’s slightly more reason for the Sharks to move on with a year left on his deal, and there’s likely more interest from trade suitors with less financial risk if he doesn’t pan out. The 26-year-old lefty could have increased effectiveness in reduced usage, although he hasn’t seen third-pairing deployment since his rookie season in 2019-20.
Regarding the Avalanche’s interest, they have a clear need for a third-pairing upgrade, especially on the left side. Calvin de Haan and Oliver Kylington have been unimpressive enough to lose their roles to career AHLer Keaton Middleton, who has two assists in 26 games this season but averages just 10:44 per game. While Ferraro wouldn’t be relied upon for 20-plus minutes behind Devon Toews and Samuel Girard on Colorado’s left side, he can certainly manage far more usage than that and be a factor on the team’s penalty kill, which is already clicking at an above-average 80.4%.
West Notes: Sharks Leadership, Lehkonen, Buchnevich
The San Jose Sharks have labeled their leadership for the 2024-25 NHL season with captain Logan Couture set to miss a significant amount of time. The team announced earlier today that Mario Ferraro would be an alternate captain for all games, Tyler Toffoli and Barclay Goodrow would be alternate captains for home games, and Mikael Granlund and Luke Kunin would serve as alternate captains for away games.
New head coach Ryan Warsofsky made it a point to re-commit to Couture as the team’s captain for the upcoming season although he may not play for some time. The 2024-25 NHL season will mark Couture’s 16th season with the Sharks organization and his fifth as the team’s captain.
Ferraro will be the only returning alternate captain from last year’s leadership group with Toffoli and Goodrow coming to San Jose this offseason. Granlund served as the team’s offensive leader last season with 12 goals and 60 points in 69 games.
Other happenings out West:
- Following reports that Colorado Avalanche forward Artturi Lehkonen would not be present for the team’s preseason or training camp, Corey Masisak of The Denver Post reports a return may not be far off. Masisak shares that Lehkonen could be a participant in the team’s opening night game on October 9th if he’s medically cleared for contact from his shoulder injury. Lehkonen and the Avalanche will certainly be looking for a cleaner bill of health from the Finnish winger as Lehkonen looks to expand upon last season in which he scored 16 goals and 34 points in only 45 contests.
- Lou Korac of the NHL reports St. Louis Blues forward Pavel Buchnevich did not practice today due to a foot injury from blocking a shot in the team’s contest yesterday evening. Buchnevich was able to finish the game last night against the Dallas Stars and the injury is not considered serious. Buchnevich went pointless in the team’s first preseason matchup but did tally one shot on goal and a 35.3% success rate in the faceoff dot.