The Sharks undoubtedly would prefer if both players were healthy, but San Jose can take advantage of Tomas Hertl and Erik Karlsson's season-ending injuries.
Hertl already is on long-term injured reserve after tearing the ACL and MCL in his left knee last month, and Karlsson should soon join him after breaking his thumb. That puts the Sharks in a unique position heading into the trade deadline, as the fine folks at Cap Friendly observed Saturday.
It has been a season to forget in San Jose.— CapFriendly (@CapFriendly) February 15, 2020
However, with Hertl and Karlsson shut down for the season, the #Sharks now have over $17M in LTIR space that they can spend.
With so many teams up against the cap, SJ can now take on expiring contracts for teams in need of cap space. https://t.co/63llddw5TR
The Sharks were 11 points back of the Western Conference's final wild-card spot as of this writing, with four teams between them and the Arizona Coyotes. San Jose also doesn't own a 2020 first-round pick as a condition of the Karlsson trade, and its prospect pool is considered to be one of the weakest in the NHL. It would make a lot of sense, then, for the Sharks to take on -- or retain -- salary in exchange for prospects and/or picks.
There are a host of playoff contenders lacking salary-cap space, as Cap Friendly noted. The Coyotes, Vancouver Canucks, Edmonton Oilers, Vegas Golden Knights and Calgary Flames currently all have fewer than $3 million in space, per Cap Friendly. Trading with a Pacific Division rival might prove difficult, but Sharks general manager Doug Wilson should be able to field calls from the likes of the Florida Panthers ($141,250 in current space), Philadelphia Flyers ($2.08 million), Washington Capitals ($2.45 million), Dallas Stars ($2.93 million), Boston Bruins ($3.12 million) and Pittsburgh Penguins ($3.51 million), among others.
Finding a contract is another matter entirely. The Stars could trade injured center Martin Hanzal, but he already is on LTIR. It's difficult to envision the Panthers trading pending free-agent winger Mike Hoffman or the Capitals dealing soon-to-be free-agent goalie Braden Holtby for salary relief, let alone when you consider both players' trade protection (and Hoffman's history with Erik Karlsson).
The Bruins would love to trade David Backes, but he won't become a free agent until 2022 and can't be placed on LTIR after Bruins general manager Don Sweeney admitted Backes was "fit and able to play" after being waived. Wilson said he wants the Sharks to contend in 2021, and they can't afford to have another $5 million against the cap considering how many players have signed long-term contracts in the last few years.
Retaining salary seems to be a likelier option. The Sharks' pending free agents all have manageable contracts, but defenseman Brenden Dillon -- rumored to be one of the top blue liners available -- could be more appealing if teams aren't taking on all $3.275 million of his salary-cap hit.
The trade deadline now is just over a week away, and the Sharks probably won't be buyers as a result of Hertl and Karlsson's injuries. They'll still be in an advantageous position, however, and Wilson has a chance to start re-stocking San Jose's pool of prospects and draft picks.