Gustav Nyquist

Trade: Flyers add Braun to blue line as Sharks shed salary

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One day after the San Jose Sharks handed Erik Karlsson $92 million over the next eight years, they shipped defenseman Justin Braun to the Philadelphia Flyers in exchange for a 2019 second-round pick (No. 41 overall) and a third-round selection in 2020.

“Justin has been an important part of our organization since we drafted him in 2007 and over that time, we have seen him develop not only as a player on the ice but as a man,” said Sharks general manager Doug Wilson in a statement. “He has played a large role in our team’s success since joining the Sharks roster, including appearing in three Conference Finals and competing for the Stanley Cup in 2016. I want to thank Justin and his wife, Jessie, for their commitment to the Sharks organization and wish them all the best in their future.”

In the wake of the Karlsson extension Wilson needed to shed some salary off the Sharks’ cap. This trade does that, freeing up $3.8M from their books for the 2019-20 NHL season. Braun has one year left on his deal and is eligible to become an unrestricted free agent in 2020.

Wilson and the Sharks now have a little over $16M in cap space, per Cap Friendly, to try and re-sign some of the team’s restricted free agents like Timo Meier and Kevin Labanc, and figure out what to do with UFAs Joe Pavelski, Joe Thornton, Joonas Donskoi and Gustav Nyquist.

“Under a cap system, choices and decisions need to be made,” Wilson said on Monday. “I don’t think anybody should rush to conclusions on anything. There’s many ways to accomplish different things.”

The Braun acquisition continues an aggressive off-season by Flyers GM Chuck Fletcher. In the span of a week he’s acquired the negotiating rights to pending UFA Kevin Hayes, swapped defensemen with the Washington Capitals by shipping Radko Gudas in exchange for Matt Niskanen, bought out Andrew MacDonald‘s contract, and now added Braun.

This now gives the Flyers a blue line with a left side featuring Ivan Provorov (RFA), Shayne Gostisbehere, Sam Morin, Robert Hagg, and Travis Sanheim (RFA). Who will be on the move out of that group? Judging by how some NHL GMs are talking this week, it could be a very busy summer of player movement.

“I think there’s been more conversation, more communication between the GMs in the last month than maybe ever since I’ve been a GM,” Wilson said. “There’s so much competition, especially for the high-end player. … There’s a lot of things going on.”

MORE:
Sharks set to sweat salary cap after Karlsson extension
Teams looking for defense should seek trades, not free agents
Free agent market for defensemen looks thin without Karlsson

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Sean Leahy is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @Sean_Leahy.

Sharks re-signing Karlsson sets table for busy NHL offseason

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Erik Karlsson had no wanderlust to test the free agent market before re-signing in San Jose.

”I never thought outside that box,” Karlsson said. ”I’m happy that it didn’t get to that.”

A handful of other teams aren’t so happy because the two-time Norris Trophy-winning defenseman would have been the best unrestricted free agent available. Karlsson signing a $92 million, eight-year contract with the Sharks is the first big off-ice development since St. Louis won the Stanley Cup because of all the ramifications it could have on the NHL offseason.

With Karlsson off the board, any team looking for a No. 1 defenseman has to either hope veteran Alexander Edler doesn’t re-sign with the Canucks and win that bidding war or go the trade route. Salary-cap concerns for San Jose, Washington and a handful of other Cup contenders could open the door to some significant player movement even before free agency starts July 1.

”I think there’s been more conversation, more communication between the GMs in the last month than maybe ever since I’ve been a GM,” San Jose’s Doug Wilson said Monday. ”There’s so much competition, especially for the high-end player. … There’s a lot of things going on.”

Less than 24 hours after Karlsson signed, the dominos began to fall.

Karlsson was linked to the New York Rangers and Tampa Bay Lightning, and it took less than 24 hours for the first direct responses to him re-signing with the Sharks. New York on Monday night acquired defenseman Jacob Trouba from the Jets, and Tampa Bay on Tuesday re-signed veteran Braydon Coburn to a $3.4 million, two-year deal – cap space it likely would have needed for Karlsson if he was available.

San Jose needed to clear room and did some of that by trading defenseman Justin Braun and his $3.8 million cap hit to Philadelphia for a 2019 second- and 2020 third-round draft pick.

The trade talk is just heating up ahead of the draft Friday and Saturday in Vancouver. Pittsburgh’s Phil Kessel, Evgeni Malkin or Kris Letang and Nashville’s P.K. Subban are among the high-profile players who could be on the move.

”There’s lots of things on the go,” Winnipeg GM Kevin Cheveldayoff said. ”It’s probably an unprecedented time of conversation.”

Many of the moves that come from those conversations will set the table for free agency, where Columbus winger Artemi Panarin, center Matt Duchene and goaltender Sergei Bobrovsky are the top three players available.

Toronto defenseman Jake Gardiner, Dallas winger Mats Zuccarello, Islanders winger Anders Lee, Sharks forward Joe Pavelski, Bruins winger Marcus Johansson and Hurricanes winger Micheal Ferland are among the other possibilities. The salary cap is expected to increase by $3.5 million to roughly $83 million, and money will be spent.

”It’s a pretty good class this year,” Colorado GM Joe Sakic said. ”(We) already have targeted players in mind if they become available that we’ll want to talk to about joining our club. We see positions of need, of what we’re looking to do. There’s a few guys we’re going to want to talk to if they become available. We’ll be more aggressive this year with that, but if it doesn’t work out with the players we want to talk to, we’re not just going to go spend on anybody.”

Sakic’s Avalanche have the most projected cap space in the league with $36 million, according to PuckPedia . The Flyers and rival New Jersey Devils, New York Rangers and Islanders will also have cap space to burn and a need for an elite defenseman or two.

”They’re not easy to find,” Philadelphia GM Chuck Fletcher said. ”Certainly, if we can find a guy that can play in our top four that we’d have the ability to acquire, we’ll certainly look at it.”

BUT FIRST, THE DRAFT: New Jersey is widely expected to select American center Jack Hughes first overall, leaving Finnish winger Kaappo Kakko for the Rangers.

”Obviously one team’s going to indicate to us exactly how it might go for the rest of the draft,” Rangers GM Jeff Gorton said. ”I think we’re in a good spot. We know that we’re going to get a really good player no matter what happens to us.”

Chicago picks third and will get a nice boost to aid its turnaround after missing the playoffs the past two seasons.

BITE OUT OF SHARKS: Committing $11.5 million a year to Karlsson cuts significantly into San Jose’s offseason maneuvering with Pavelski, Joe Thornton, Gustav Nyquist and Joonas Donskoi set to be unrestricted free agents and emerging star Timo Meier needing a new contract as a restricted free agent.

”Under a cap system, choices and decisions need to be made,” Wilson said, not ruling out bringing back Pavelski and others. ”I don’t think anybody should rush to conclusions on anything. There’s many ways to accomplish different things.”

RUSSIAN PACKAGE DEAL: Panarin and Bobrovsky played together with the Blue Jackets for two seasons and are hitting free agency at the same time. When Panarin switched agents to be represented by Bobrovsky’s agent, Paul Theofanus, it raised eyebrows that the Russian countrymen might want to go to the same team.

With some creative roster work, the Florida Panthers could be the ideal landing spot for Panarin and Bobrovsky and go from close to the playoffs to real contenders.

CAPITALS CONCERNS: Even though Alex Ovechkin and the Capitals are no longer reigning Cup champions, Hagelin insisted he wouldn’t have signed an $11 million, four-year contract with them if he didn’t think they could win it again over that time. To do so, GM Brian MacLellan will have to navigate a difficult cap situation around pending free agent winger Brett Connolly and restricted free agent Andre Burakovsky and knowing deals with center Nicklas Backstrom and goaltender Braden Holtby expire next summer.

”I hope (Connolly and Burakovsky are) still here,” Hagelein said. ”But at the end of the day, Conno, he’s a UFA so it’s up to him what he wants. You understand if a guy tests the market to see what’s out there. But I hope both of those guys come back.”

AP Sports Writers Pat Graham and Josh Dubow contributed to this report.

Follow AP Hockey Writer Stephen Whyno on Twitter at https://twitter.com/SWhyno

More AP NHL: https://apnews.com/NHL and https://twitter.com/AP-Sports

Sharks set to sweat salary cap after Karlsson extension

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For the San Jose Sharks, priority No. 1 has been checked off their offseason to-do list.

That bit came on Monday morning when the Sharks re-signed defenseman Erik Karlsson to an eight-year deal worth what reports suggest will be $92 million once the team makes it official.

That’s a hefty chunk of change for one of the game’s premier rearguards, and rightly so. A two-time Norris Trophy winner, Karlsson has game-breaking capabilities from the back end. It’s not surprising that he’s one of the highest paid players in the NHL.

But behind the elation general manager Doug Wilson is feeling at the moment, there also has to be a bit of trepidation.

With Karlsson’s contract expected to be in the $11.5 million AAV region, that leaves the Sharks with roughly $13 million in cap space remaining and only 16 players signed, including 11 forwards.

It’s safe to assume that the end of an era is coming for someone in the Bay Area.

Joe Thornton and Joe Pavelski are both unrestricted free agents come July 1. Thornton has signed one-year deals with the club for several years now. Pavelski enters the free agent arena for the first time in five seasons after completing the final year of a five-year, $30 million deal.

[MORE: Sharks give Karlsson eight-year extension]

Both are integral parts of the Sharks. And the Sharks may have to let them walk this time.

At 39, Thornton’s on-ice play isn’t worth the $5 million he made last season. He’s the de facto leader of the team, but the Sharks simply can’t afford him at that price point again. If they want him back, a low-salary, bonus-laden contract could be an option.

Losing Pavelski, their captain, would also be a blow.

Despite being 34 (35 next season), Pavelski had 38 goals and 64 points in 75 games last season. Not bad for $6 million, and perhaps he goes the Thornton route for a few years and signs one-year deals that allow the Sharks some breathing room.

Does Pavelski deserve a longer-term commitment? Sure. But the Sharks are once again going all-in with the Karlsson signing and this might be Pavelski’s best shot at a Stanley Cup ring as a captain of the team.

Aside from the two superstars, the Sharks need to make sure they lock down some of their younger talent.

Joonas Donskoi is set to become a UFA, as is Gustav Nyquist — a trade deadline pick up who meshed well with the team.

Nyquist is likely the odd-man out here. Going by Evolving Wild’s free agent model projection, Nyquist, 29, could earn a six-year deal in the $5.7 million range. That’s too rich if you’re planning on keeping Thornton and Pavelski around.

Donskoi, 27, is projected to get a three-year deal in the $3 million average annual value region.

And then there’s the restricted free agent crop.

Timo Meier and Kevin Labanc have become great pieces for the Sharks and both now need raises.

Evolving Wild has Meier taking a six-year deal with a cap hit close to $6 million while Labanc is more affordable at three years and around $3.5 million.

Remember, the Sharks have $13 million to play with following the Karlsson extension.

For the sake of argument, let’s say Pavelski gets $7 million and Thornton gets $5 million. That’s $12 million and roughly $1 million left on the cap.

See the problem? And how many extensions do the Sharks want to give older players? Logan Couture‘s six-year, $8 million AAV deal kicks in next season. He’s 30. Brent Burns, 34, has six more years left on a deal that’s paying him the same amount as Couture per season.

The Sharks only need to look further down on a California state map to see Los Angeles and the devastating effects handing big contracts to old players can have.

Still, banners fly forever and the Kings have two of them and the Sharks have zero.

The Sharks could sell off some assets, too, including a Justin Braun ($3.8 million, one year left) or a Brenden Dillon ($3.2 million, one year left) on the back end for some cap relief.

And the point of this exercise is that someone has to go.

The question now is, who?

Scott Billeck is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @scottbilleck

Karlsson gets eight-year extension from Sharks

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The most coveted pending free agent defenseman won’t be making it to the dance.

TSN’s Bob McKenzie reported Monday that “all signs” point to two-time Norris winner Erik Karlsson re-signing with the Sharks, the only team that can offer the talented 29-year-old Swede an eight-year deal.

Not long after, fellow TSN insider Pierre LeBrun reported that the deal was done.

And then official announcement came from the team.

“We are extremely pleased that Erik and his wife Melinda have committed to the San Jose Sharks and that they have done so prior to July 1,” said Sharks general manager Doug Wilson in a statement. “Players with Erik’s elite level of talent are rare and when they become available, it’s important to be aggressive in pursuing them. He is a difference maker who consistently makes the players around him better. We are pleased that he has been proactive in addressing his injury from last season and are looking forward to him being part of our organization for a long time to come.

The Sharks wouldn’t disclose the terms of the deal, but according to McKenzie it’s in the $11.5 million per year range, making the total worth of the contract around $92 million. — in the realm of the $88 million Los Angeles Kings defenseman Drew Doughty got last year.

The deal is the largest in Sharks’ history, besting both Brent Burns‘ and Logan Couture‘s eight-year, $64 million extensions.

The deal keeps Karlsson from hitting the open market, of course, on July 1. It also makes sure he doesn’t hit the courting period, which begins on June 23. The Sharks were the only team that could offer Karlsson the max eight years.

“I’m super excited to continue my journey with the Sharks,” said Karlsson. “Since my first day here, I have only good things to say about the people, organization and the fans. The entire Bay Area has been extremely welcoming to me and my family. I appreciate that and we can’t wait to spend the next eight years in San Jose.

“As far as hockey goes, I’m excited to continue the chase for the ultimate prize: the Stanley Cup. Last year was an unbelievable run but we didn’t achieve what we set out to do. But the dedication I witnessed from my teammates, coaches, staff and organization showed me that we all have a great future ahead of us, and that we are capable of fighting for that championship year in and year out.”

San Jose’s gain is a big loss to a few other teams that were in contention, including the Philadelphia Flyers, New York Rangers, Montreal Canadiens and Tampa Bay Lightning, among others reported — perhaps even a stunning return to Ottawa, as reported earlier this month.

[MORE: Sharks set to sweat salary cap after Karlsson extension]

Karlsson was traded to the Sharks last summer by the Senators, the team that drafted him 15th overall in 2008 and one he put on his back in 2017 as the Sens marched to the Eastern Conference Final before losing in overtime in Game 7 to the Pittsburgh Penguins.

At the time, the move appeared to provide the Sharks with a defensive core to die for.

Karlsson joined Burns and Marc-Edouard Vlasic, and other solid pieces that were supposed to carry the Sharks deep into the playoffs.

“It’s extremely rare that players of this caliber become available,” Wilson said at the time of the trade. “The word ‘elite’ is often thrown around casually but Erik’s skillset and abilities fit that description like few other players in today’s game. With Erik, Brent Burns and Marc-Edouard Vlasic, we feel we have three of the NHL’s top defencemen and stand as a better team today than we were yesterday.”

Karlsson started slow with the Sharks but regained his stride along the way, finishing with 45 points in 53 games. But it’s that game total that was a big issue throughout the year.

Karlsson dealt with multiple groin injuries right up until the Sharks were eliminated by the St. Louis Blues in the Western Conference Final. Karlsson had to watch the decisive Game 6 in that series from the press box as the nagging problem.

It’s not the ideal season, but the Sharks appear fine with gambling on that groin after Karlsson had surgery on it earlier this month.

It will be interesting to see how the Sharks navigate the salary cap after the Karlsson deal. It appears someone will have to go from the UFA pack of Joe Thornton, Joe Pavelski, Joonas Donskoi and Gustav Nyquist. Thornton and Pavelski would command the most in terms of dollars (perhaps there’s room for one-year, low-salary, bonus-laden contracts for both.

The Sharks also have Timo Meier and Kevin Labanc, both restricted free agents in a need of a raise.

Meanwhile, attention for a top-pairing defenseman should now shift to Winnipeg Jets rearguard Jacob Trouba.

Trouba’s a restricted free agent but is likely to be dealt at some point this week or at the 2019 NHL Draft this coming weekend. A 50-point d-man last year, Trouba is a solid top-pairing defenseman that can play in all phases of the game.

The issue with Trouba at the moment is that any team willing to pay Winnipeg’s price tag needs to be darn certain they can extend him.

A small piece of consolation in Ottawa: The Senators will gain San Jose’s 2021 second-round selection because of the extension for Karlsson.

Scott Billeck is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @scottbilleck

What’s next for Karlsson, Pavelski, Thornton?

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The San Jose Sharks have had their share of heartbreak over the last decade, but their elimination loss to the St. Louis Blues in the Western Conference Final might sting a little more because it might force them into some significant roster changes.

Heading into the offseason, the Sharks have several players on expiring contracts. They include: Joe Pavelski, Joe Thornton, Gustav Nyquist, Joonas Donskoi and Erik Karlsson. That list doesn’t include restricted free agents like Kevin Labanc and Timo Meier.

The Sharks are also without their first, second and fourth round draft picks this year, so making a trade without subtracting from the current team will also be difficult.

So, how will things shake out between the team and three of their key leaders?

Let’s start with Pavelski, who will be 35 years old by the start of next season. The veteran scored an impressive 38 goals and 64 points in 75 games during the regular season and he added four goals and nine more points in 13 postseason games.

As his teammates pointed out on numerous occasions during the playoffs, he’s more than just a goalscorer. After he went down with an upper-body injury in Game 7 of San Jose’s first-round series against the Vegas Golden Knights, it became clear that he’s an important figure in that locker room. But given his age, can they afford to bring him back at any cost? And where does he rank on the list of players they want to bring back?

He’s coming off a five-year, $30 million contract. Would the Sharks be willing to increase the money and would Pavelski be willing to bring down the term? Those are the biggest questions. In fairness to him, he’s been very durable throughout his career. Over the last eight seasons, he’s missed eight games but seven of those came in 2018-19.

No matter what the offseason brings for the Sharks, it would just feel wrong for us to see him in another jersey. They have to find a way to get him under contract before he hits the market.

As for Joe Thornton, the decision to return or not may be one sided. Thornton signed a one-year deal with the Sharks last summer, so agreeing on term shouldn’t be an issue. The big decision will have to be made by Thornton. Does he want to play another year?

[NBC 2019 STANLEY CUP PLAYOFF HUB]

Don’t get me wrong, I’m sure Thornton would like to win a Stanley Cup before his career is over, but he also seems like a guy that’s come to terms with the fact that that might not happen.

Even though he’ll be 40 years old by the start of next season, he can still serve as an effective third-line center on this team. He just has to figure out if he’s up to it or not.

Now, let’s tackle the situation with Erik Karlsson.

Where to start?

Does he want to be back in San Jose? We don’t know. Details regarding his interest in re-signing have been few and far between. Assuming he’s open to returning, how much term and money would he be looking for? You’d have to think that he’d want maximum term. So if he goes back to San Jose that would be for eight years and if he hits the market he’ll be looking for a seven-year contract.

But the reality is, anyone giving Karlsson that kind of term is taking a huge risk. He’s only 28 years old, but his body has taken a pounding over the last few seasons. He played 82 games per season for three years between 2013 and 2016. Since then, he’s suited up in 77, 71 and 53 contests.

It was obvious during these playoffs that he was playing through an injury. He didn’t suit up in Game 6 of the Western Conference Final and there was no guarantee that he could’ve played in Game 7 had the Sharks been able to force one. Since Ottawa’s run to the Eastern Conference Final in 2017 (they made it to double overtime in Game 7 against the Pittsburgh Penguins) Karlsson has been playing banged up. He underwent a serious ankle procedure after that run and he’s been fighting through injuries ever since.

As of this moment, the Sharks have over $24 million in cap space. But as we mentioned before, there’s so many key players that need to be paid that it might not be possible for them to bring them all back. We know that Pavelski and Thornton would want to stick around, but there’s no guarantee Karlsson will be willing to take a discount.

It’s shaping up to be a very busy offseason for general manager Doug Wilson.

MORE: Stanley Cup Final: Blues vs. Bruins full schedule, TV info

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.