Locking up Evander Kane is smart business for Sharks (Updated)

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The San Jose Sharks arguably got the best bang for their buck at the trade deadline when they acquired Evander Kane from the Buffalo Sabres. No one was really sure how Kane would fit in with his new team, but he made enough of an impact that the Sharks are reportedly about to hand a new seven-year contract extension, according to Irfaan Gaffar of Sportsnet.

The report suggests that Kane’s new contract will come with a cap hit in the $7 million range. Locking up the enigmatic winger for that long could be seen as risky, but the fact that he’s going to be 27 years old when the season starts takes some of the risk out of the new deal.

When the trade between the Sharks and Sabres went down in February, many speculated that Kane would be nothing more than a rental. After all, if San Jose extends him, the second-round pick they’re sending to Buffalo becomes a first-rounder in 2019. Kane fit in so well on the top line with Joe Pavelski and Joonas Donskoi that it appears as though they don’t mind giving up their top selection in next summer’s entry draft (can you blame them?).

Oh, and by the way, the 2019 pick is lottery protected, according to the Associated Press. So if the Sharks were to fall apart next season, they could push the selection to 2020.

Kane hit a bit of a rut during his time in Buffalo, but it’s hard to blame him? No one should be making excuses for a millionaire on skates, but these guys are human, too. The Sabres haven’t played meaningful hockey in so long that daily motivation is probably hard to come by.

In San Jose, it became clear pretty early on that Kane was going to be comfortable in his new surroundings. He had 20 goals and 20 assists in 61 games before the trade and nine goals and 14 points in 17 games with the Sharks. In the postseason, he added four goals and one assist in nine contests.

As you’d expect, all of his advanced metrics went up after he moved to the West Coast. According to Natural Stat Trick, his CF% went from 49.94 in Buffalo to 53.60 in San Jose. His FF% 50.80 to 55.03, his SF% went up by almost six percent. When Pavelski was on the ice with Kane, his CF% was 56.11. When Pavelski was on the ice without Kane, his CF% was 46.27 percent. Playing together clearly made both players better.

There’s a risk anytime a team hands out a long-term contract. In this case, Kane hasn’t been the most consistent player over the course of his career, so there’s a little cause for concern. But it’s also important to note that power forwards that can skate and that are under 30 rarely hit the open market. Even if they do hit free agency, you never know how well they’ll fit in with your current group of players. This situation is already different in that respect because the Sharks had a couple of months to evaluate him in their building, with their players. He fits.

Handing over roughly $50 million over to Kane likely means that they’ll be out of the running for John Tavares, but there’s no guarantee that the Islanders captain will go there if he hits the market anyway.

GM Doug Wilson is making the right decision here.

UPDATE: The Sharks made the signing official on Thursday morning. The financial terms of the deal weren’t officially released, but many insiders have speculated the it will be worth $49 million.

“At only 26 years old, Evander has established himself as one of hockey’s true power forwards and an impact player,” GM Doug Wilson said in a release. “We think his abilities mesh perfectly with our group of skilled, young players and veteran leaders. It’s extremely heartening to have Evander join a trend of elite players who have chosen to remain in San Jose. It speaks volumes as to how players view this organization and further illustrates the continued commitment to our fans by our owner Hasso Plattner.”

Joey Alfieri is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @joeyalfieri.