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Salary Cap Deep Dive: San Jose Sharks

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Navigating the salary cap is one of the more important tasks for any GM.  Teams that can avoid total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful.  Those that don’t see struggles and front office changes.

PHR will look at every NHL team and give a thorough look at their cap situation heading into the 2021-22 season.  This will focus more on players who are regulars on the roster versus those who may find themselves shuttling between the AHL and NHL.  All cap figures are courtesy of CapFriendly.

San Jose Sharks

Current Cap Hit: $78,138,334 (under the $81.5MM Upper Limit)

Entry-Level Contracts

D Mario Ferraro ($925K in 2021-22)
D Nikolai Knyzhov ($797K in 2021-22)
F John Leonard ($925K in 2021-22)

Leonard managed to hold down a regular spot in the lineup in his rookie season, albeit in a limited role.  Barring a jump forward offensively, he’s unlikely to land much more than his current price tag on his second contract which would almost certainly be a short-term one.

Ferraro’s sophomore season didn’t see him upping his production all that much but his role certainly changed.  Instead of being on the third pairing in sheltered minutes, the 22-year-old was a regular on the top pairing, playing in all situations.  There’s little reason to think that will change this coming season and while limited production will limit his earnings upside, Ferraro could triple his current AAV on a bridge deal.  Knyzhov had the role that Ferraro had in his rookie season, seeing some sheltered minutes on the third pairing but played in every game.  Even if he stays in that role in 2021-22, he’ll be able to pass the $1MM mark on his second contract.

One Year Remaining, Non-Entry-Level

F Alexander Barabanov ($1MM, UFA)
F Andrew Cogliano ($1MM, UFA)
F Jonathan Dahlen ($750K, RFA)
D Dylan Gambrell ($1.1MM, RFA)
F Tomas Hertl ($5.625MM, UFA)
D Nicolas Meloche ($750K, RFA)
F Nick Merkley ($750K, RFA)

Hertl’s name has been in trade speculation over the last couple of weeks following some comments earlier this month that suggested he may not be with the Sharks beyond the upcoming season.  He has become their top-producing center, successfully making the transition from playing the wing at the start of his career.  In doing so, his market value has increased considerably.  While he may not be able to market himself as a true number one center, quality middlemen are always in high demand and low supply on the open market.  Accordingly, a $2MM jump in AAV seems realistic and if it’s not coming from the Sharks, will whoever acquires him closer to the trade deadline hand him an extension as part of the swap?

Gambrell had a big jump in playing time last season but the production was still middling.  He’s serviceable in a limited role and can kill penalties but that’s not a spot where they can afford to pay much more than what they’re currently paying and his arbitration eligibility could work against him.  Cogliano is a capable placeholding veteran that could be a trade candidate if they’re out of contention at the trade deadline.  He’ll be subject to the 35-plus designation next year so he’ll probably be going year-to-year from here on out.  Barabanov did well in a very limited stretch after coming over from Toronto and should get a shot at a bigger role.  A good showing could have him in line for a considerable raise but if that doesn’t happen, he’ll be a candidate to go back to the KHL.  Dahlen managed to land a one-way deal which is impressive for someone who played in Sweden’s second division last season.  He’ll get a shot at earning a regular spot in camp and if that doesn’t happen, his time in North America could be short-lived.  Merkley came over in an offseason trade from New Jersey and will push for a spot on the fourth line; that roster spot will likely continue to be filled by someone making the minimum or close to it moving forward.

Meloche split last season between the Sharks and the taxi squad and at this point, they’re likely to carry a seventh defender that can clear waivers and go back and forth when needed.  He’ll battle Jacob Middleton ($725K) for that role unless someone else is brought in between now and then.

Two Years Remaining

F Rudolfs Balcers ($1.55MM, RFA)
F Nick Bonino ($2.05MM, UFA)
D Adin Hill ($2.175MM, UFA)
F Timo Meier ($6MM, RFA)
F Matt Nieto ($850K, UFA)
F Lane Pederson ($750K, RFA)
G James Reimer ($2.25MM, UFA)

Meier hasn’t been able to get back to the per-game production he had before signing this contract, one that carries the poison pill of a $10MM qualifying offer at its expiry.  It’d be hard to justify paying him that much while that qualifier also hurts his trade value unless an early extension can be worked out in 2022-23.  Bonino came over in free agency, signing a deal that was below our projection for him.  As far as third centers go, he’s a decent one on a below-market contract.  Balcers has been one of the better recent waiver claims around the league and is in a spot where he can play a regular middle-six role.  As long as he stays there, they’ll get a good return on this deal.  Nieto and Pederson will be cheap depth players and will be retained around that price point or replaced by someone else making that money.

Hill hasn’t had much of an NHL opportunity but he’ll get one now as he goes from being Arizona’s backup to the starter with the Sharks.  We’ve seen the type of money even top backups get let alone starters; both are price points well beyond what he’s making now so the opportunity for a big jump in salary will soon be there.  Reimer returns for his second stint with the Sharks and after effectively being relegated to third-string duty in Carolina by the end of the year, he still landed a decent contract.  He’ll be 35 for next trip to free agency and likely will have to go year-to-year at that point.

Three Years Remaining

F Kevin Labanc ($4.725MM, UFA)
D Radim Simek ($2.25MM, UFA)

Labanc’s contract was a pricey one for the year he was coming off of but it was also a reward for taking a very team-friendly deal the year before.  Unfortunately for him and the Sharks, last season wasn’t much of an improvement.  If he gets even close to his 2018-19 numbers, they will get a reasonable return on his deal but right now, this one is a bit of an overpayment.

Simek’s deal also falls under that category.  He was their sixth defender some nights and that type of term and money for someone in that role is not good value.

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A Suggested Framework For A Tomas Hertl Trade

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Tomas Hertl’s comments earlier this month which expressed some uncertainty about his long-term future with the team have thrust him into trade speculation.  For the time being, it seems likely he’ll start the season and he and the Sharks will re-assess things from there.  However, if San Jose opted to trade him, Kevin Kurz of The Athletic examined (subscription link) what the framework of a potential deal might look like.  He suggests that San Jose’s preference likely wouldn’t just be draft picks but that adding a top prospect that’s a little closer to being NHL-ready – one that fits the timeline of their recent top selections – would likely be a goal for GM Doug Wilson.  Hertl carries a $5.625MM AAV for this coming season and stands to earn considerably more on his next contract and if they opt to set that high of a price point whenever the decision is made to move on, an extension may need to be part of the trade in order to justify the higher acquisition cost for the other team.

Latest On Evander Kane Investigation

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Even in the midst of a career year in terms of per-game scoring, Evander Kane’s 2020-21 campaign was dominated by off-ice issues. A bankruptcy filing and its ongoing proceeding, whispers of locker room discord, a divorce playing out in the public eye, and finally allegations that he bet on hockey has made Kane the most infamous name in the NHL right now. And unfortunately all of that noise may not be going away this season. A.J. Perez of Front Office Sports reports that the NHL’s investigation into Kane has stalled and a decision may not be possible before the San Jose Sharks open training camp, if Kane was going to be invited anyhow.

Kane’s estranged wife, who initially made the allegations that her husband had gambled on his own games, has been uncooperative with the NHL’s outside investigators. Anna Kane has been unavailable for interview, making it impossible for the investigation that centers around her claims to continue. The NHL will not wait around forever, but need to do their due diligence when it comes to something as serious as a player betting on his own contests and impacting the integrity of the game. While Kane had previously stated that these allegations were not true and a ploy by his wife to ruin his career – a claim that gains validity the longer she avoids the investigation – the NHL will be hesitant to take Kane at his word without any corroborating evidence.

Perez does note that the NHL analyzed betting trends for Sharks games this past season and found no abnormalities. While this does not eliminate the possibility that Kane was betting on his games, or even on other NHL action, it could be all that the league can lean on if not other information has been discovered and Kane’s wife will not comply with the investigation.

Meanwhile, the Sharks have to decide how to deal with the situation, both if Kane is still under investigation when training camp begins or, even more intriguing, if he has been cleared. If the NHL rules that Kane did not bet on hockey, it doesn’t totally wipe the slate clean. He is still in the midst of bankruptcy proceedings related to gambling debts and has had other ugly allegations made against him by his wife (and vice-versa). All of this has certainly contributed to the numerous reports that there are many in the Sharks locker room who are unhappy with Kane’s presence and the organization’s continued support of the polarizing player. While none of his other off-ice issues beyond the NHL’s investigation will keep him from playing, there is serious question as to whether it will be in San Jose. Even at the top of his game, Kane likely lacks much if any value on the trade market right now, but the Sharks may need to do whatever they can to move on. A stalled investigation will make it near impossible to do that though.

San Jose Sharks To Hire John MacLean

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5:20pm: The Sharks have officially announced the hiring of MacLean, noting that his primary responsibilities will be the team’s forwards and powerplay. Boughner released a statement explaining why MacLean was hired:

John’s experience speaks for itself, and he checks a lot of the boxes we were hoping to fill with this role. He has won the Stanley Cup as a player and a coach and knows how to relate to today’s player. In doing our diligence for this role, I spoke with many people, and everyone had great things to say about John as both a coach and a person. I’m excited to add him to our staff and look forward to having a great training camp as we prepare to start our season.

3:47pm: After associate coach Rocky Thompson announced last week that he would not be able to fulfill his duties this season for the San Jose Sharks due to the new COVID-19 vaccination protocols, the team has brought in a replacement. As reported by Craig Morgan of AZ Coyotes Insider and confirmed by Kevin Kurz of The Athletic, the Sharks will be adding John MacLean to the coaching staff for the 2021-22 season.

MacLean, 56, spent the last three seasons with the Coyotes staff and has plenty of experience at the NHL level. A veteran of nearly 1,300 games as a player, MacLean spent most of his career with the New Jersey Devils, setting highs of 45 goals and 87 points.

He even spent a short period of time with the Sharks as a player, scoring 13 goals and 32 points in 51 games during the 1997-98 season. He served as an interim head coach with the Devils in 2010-11 and has experience on the Carolina Hurricanes bench as well.

MacLean will join John Madden–a former Devils great himself–on Bob Boughner’s staff this season.

Marcus Sorensen Signs In Sweden

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Former San Jose Sharks forward Marcus Sorensen has chosen to continue his hockey career overseas. Sorensen has signed a four-year contract with Djurgardens IF in the SHL, per Swedish outlet Telgenytt, meaning that Sorensen likely won’t be returning to the NHL anytime soon.

Sorensen returns to his native Sweden after a five-year NHL career which saw him tally 31 goals and 64 points in 226 games, all in a San Jose Sharks uniform. Originally drafted by the Ottawa Senators in 2010, the now 29-year-old forward never signed with Ottawa and instead signed his entry-level deal with San Jose on May 13, 2016. He played in the NHL right away as a 24-year-old at the time, scoring four points in 19 games. Sorensen continued to progress within the Sharks system, including a career-best 17 goals and 30 points in 80 games in 2018-19. Never more than a third-line depth option for San Jose, though, Sorensen never topped those numbers.

A pending unrestricted free agent this year, Sorensen put up arguably the worst performance of his NHL career. It’s not that hard to blame him given the state of the team this season, but only one goal and five points in 29 games was a far cry from the production he’d put up in the past. He’ll look to rediscover his game overseas while returning home to his native Sweden. Considering the fact that he’ll be 33 years old at the expiry of the deal, Sorensen may have played his last NHL game.

Tomas Hertl Uncertain About Future With Sharks

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Often the top impending free agents heading into a season are no longer available by the time that season comes to a close. With many of the biggest names in the 2022 UFA class being in their mid-to-late thirties and many others having already begun extension talks with their current teams, next year may be no different. However, the San Jose Sharks’ Tomas Hertl could be one of those rare wire-to-wire top impending free agents. Recent reports indicate that the skilled center is unsure about his relationship with the San Jose Sharks and whether he wants to remain with the team. The two sides are not expected to begin contract talks until later in the coming season and by then it could be too late.

As Alex Didion notes for NBC Sports, Hertl recently stated in an interview at home in the Czech Republic that he wonders if San Jose wants him and if he wants to stay. There is clearly a disconnect between the two sides, despite Hertl’s place as one of the team’s best players. Over the past six seasons, Hertl has scored at a pace of .32 goals per game and .7 points per game. While health hasn’t always been on his side, he makes up for it with immense impact when he is on the ice. In five of those six seasons, Hertl either scored 20+ goals or would have in a full season. In the past three years, he did the same with the 60-point benchmark. While his injury absences are not inconsequential, it is still clear that Hertl is an elite player – and yet the Sharks are seemingly not pushing him to re-sign.

The biggest question may be why Hertl would want to stay anyway. As noted, the 27-year-old could be one of the prime options on the open market. Not only is his scoring ability apparent but he excels at the center position, playing with size and grit and getting the job done at the face-off dot. Analytics also support Hertl’s status as perhaps one of the more underrated stars in the NHL. He has a chance to cash in and find a new team that is more likely to contend and where he can truly shine. Why would he pass that up? The grass is likely greener outside of San Jose, who Didion’s colleague Adam Gretz points out is still likely several years away from getting back to postseason contention. Yet, Gretz also notes that the Sharks’ salary cap situation is not ideal either, meaning Hertl is not likely to make any more by sticking with the rebuilding team versus testing the market for a better fit financial and competitively. As the cherry on top, Gretz writes that Hertl is also believed to be one of the Sharks who is upset about the presence of Evander Kane in the San Jose locker room. While Kane’s hockey future is still very much up in the air, if he does keep playing it will likely be for the Sharks, who made a long-term commitment – a commitment they seem hesitant to make to Hertl.

As of right now, Hertl merely seems uncertain about his future with the Sharks and wants to see how the season plays out. However, all signs point to a departure from San Jose at some point in time and a distinct possibility that Hertl could be one of if not the most sought after name on the 2022 free agent market.

Rocky Thompson Leaves San Jose Staff Due To COVID Vaccination Status

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When the NHL revealed its 2021-22 COVID Protocol yesterday, there were a number of exceptions written in. One such exception was that players with a medical or religious reason for not receiving the COVID-19 vaccine would not be subject to the suspensions that other unvaccinated players would be. The protocol for staff was written much stricter, stating that anyone in direct contact with players or other hockey operations personnel had to be fully vaccination. However, it seemed reasonable that these medical and religious exceptions for players would also be considered for staff.

Well, that does not appear to be the case. The San Jose Sharks have announced that assistant coach Rocky Thompson will not return to the bench this season. The reason? A medical condition prevents him from receiving the COVID vaccination and the league has not extended any flexibility for that situation. In Thompson’s own words:

Due to a medical exemption that prevents me from taking the COVID-19 vaccine, under the new League protocols, I am not permitted to fulfill my duties on the Sharks coaching staff at this time. I will have no further comment on this matter.

While its fair for the NHL to do all they can to protect the integrity of the upcoming season as best they can with the threat of COVID still relevant, this may be a step too far. The league has outlined a number of strict conditions for unvaccinated players in terms of travel, testing, and more, yet were not willing to use those same policies to mitigate the risk of an unvaccinated assistant coach who has a legitimate medical cause.

The Sharks included in their release that they will be announcing a replacement for Thompson soon. As for Thompson, after just one season in San Jose he could be looking for work elsewhere, as there is no word as to whether Thompson will re-joining Bob Boughner’s staff after this season. 2020-21 had only been Thompson’s second season in the NHL, so the young coach still has plenty of contacts in the AHL and Canadian junior ranks that he could turn to this season and beyond.

Overseas Notes: Sorensen, Josefson, AIK

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2020-21 was a season to forget for Marcus Sorensen. After recording 30 points in 80 games in 2018-19, Sorensen looked like he was emerging as a two-way threat for the San Jose Sharks. However, he followed that up with only 18 points and a -12 rating in 66 games in 2019-20. Sorensen was looking to get back on track this past season, but instead the decline continued. Sorensen recorded just five points and was a minus player yet again in 29 games with the Sharks. Unsurprisingly, it has been a quiet summer on the NHL market for Sorensen. However, he may have found a good option back home in Sweden. Swedish source Afton Bladet reports that the SHL’s Djurgardens IF is closing in on signing Sorensen to a long-term deal. The 29-year-old has been offered a four-year contract worth $12MM Krona ($1.44MM US). Sorensen was a prolific scorer for Djurgardens for several years before leaving for the NHL and the club hopes he still has gas left in the tank.

  • Fueling the pursuit of Sorenson is the indefinite loss of former NHLer Jacob Josefson from the Djurgardens roster. Afton Bladet notes that Josefson has been struggling with post-concussion symptoms since this past spring and that a recent resurgence has sidelined him without any certain timeline for a return. Josefson, 30, has been Djurgardens’ captain for the past four years since leaving the NHL, not to mention one of their best players. If he isn’t available this season, Sorensen will be asked to step in and take on that leading role. The hope is that Josefson, who played eight seasons in the NHL with New Jersey Devils and Buffalo Sabres, will be back on the ice before too long.
  • Elsewhere in Sweden, the Allsvenskan’s AIK is loading up with NHL prospect talent. On consecutive days, he club has announced loan agreements to bring in standouts from the 2020 NHL Draft for the upcoming season. Winnipeg Jets second-round pick Daniel Torgersson is on his way from Frolunda HC, while Anaheim Ducks fourth-rounder Thimo Nickl arrives from Rogle BK. Torgersson, a big power forward, was nearly a point per game player at the junior level last year and played briefly in the SHL. Nickl, a rangy, two-way defenseman, played in the QMJHL two years ago and held his own in the pros this past season between the SHL and Allsvenskan. The 19-year-olds will provide a major boost to AIK before they potentially look to join their respective NHL teams next year.

Ivan Chekhovich Placed On Unconditional Waivers

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Sep 1: Chekhovich has cleared waivers and is no longer a part of the Sharks organization. He has signed a new deal with Torpedo Nizhny Novgorod of the KHL, meaning you can forget about him joining a different NHL organization for the time being.

Aug 30: The San Jose Sharks have placed Ivan Chekhovich on unconditional waivers according to Elliotte Friedman of Sportsnet. This likely indicates a contract termination, allowing the young forward to pursue other opportunities this season.

Chekhovich, 22, was set to enter the final year of his entry-level contract signed in 2018. He made his NHL debut in 2020-21, playing four games for the Sharks, but recorded just a single point. He spent the early part of the season in the KHL, where he found a lot more success, before joining the San Jose Barracuda for a stretch run.

Originally selected 212th overall in 2017, it’s an impressive accomplishment that Chekhovich even made it to the NHL at such a young age. A termination will make him an unrestricted free agent able to sign anywhere, though a return to the KHL seems likely.

A huge scoring talent at the QMJHL level, Chekhovich recorded 105 points in 2018-19 with the Baie-Comeau Drakkar. The talented forward has struggled to bring that level of offense to the minor leagues, however, with just ten goals and 32 points in 70 AHL contests. Still young enough to develop, he’ll be a name to keep an eye on down the road.

Waiting For Contract Talks May Be Best For Sharks And Tomas Hertl

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  • The Sharks have a prominent pending unrestricted free agent in center Tomas Hertl and while some teams want to sign their top UFAs early, Kevin Kurz of The Athletic makes the case (subscription link) for both sides to wait it out. By waiting to see if San Jose is able to bounce back this season, GM Doug Wilson can hold off on deciding whether or not the 27-year-old will be his prize trade asset at the trade deadline while Hertl would get a better idea if San Jose is going to be heading for an extended rebuild which is something he may not want to sign up for.  That route does carry some risk but given the uncertainty surrounding the Sharks right now, waiting may be a good idea here.

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