Last season, the San Jose Sharks traded with the Ottawa Senators for star defenseman Erik Karlsson, hoping to solidify the team for a deep Stanley Cup run from this playoff season and for future hopes.
And now it is reported that Karlsson will be staying for a while in the Bay Area.
The Sharks have re-signed Karlsson to an eight-year, $88 million deal, worth up to $11 million per year. Reports were confirmed by The Sports Network’s (TSN) Bob McKenzie and Pierre LeBrun.
It is expected to be the biggest contract resigning in team history.
Further to @TSNBobMcKenzie's report on Erik Karlsson, I'm told the deal is indeed done: 8 years max deal, north of $11 million per season… the Sharks with a huge move in keeping the superstar D from hitting the market.— Pierre LeBrun (@PierreVLeBrun) June 17, 2019
In his first regular season in San Jose last year, Karlsson scored 45 points (three goals and 42 assists) in the 53 games played. However, he missed a few games due to a groin injury.
He also contributed 16 points (two goals and 14 assists) in this year’s playoffs.
The 29-year-old’s contract is similar to rival Los Angeles Kings’ defenseman Drew Doughty’s contract when he signed the same exact deal in the 2018 offseason.
Doughty signed for 13.8 per cent of cap. If ceiling does hit the projected $83 — Karlsson comes in around $11.45.— Elliotte Friedman (@FriedgeHNIC) June 17, 2019
With Karlsson’s recent re-signing, the Sharks now have three defensemen (Karlsson, Brent Burns, and Marc-Edouard Vlasic) locked into multi-year contracts for the next six seasons.
However, it leaves over only $13 million for San Jose to re-sign other players to contracts as well.
This Karlsson signing, if confirmed, leaves the Sharks with about $13.3M in cap space to re-sign:— The Hockey Jerk™ (@hockey_jerk) June 17, 2019
As a result of the re-signing, the Sharks will send their 2021 second-round draft pick to the Senators as part of the trade terms.