San Jose Sharks

Assessing how Sharks' two trades impact the rest of their offseason plans

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AP

Assessing how Sharks' two trades impact the rest of their offseason plans

Sharks general manager Doug Wilson got an early start to his morning on Tuesday, making a pair of deals before most of the team's fans had woken up. 

To recap: San Jose acquired winger Mike Hoffman, a pick, and a prospect from the Ottawa Senators in exchange for a package centered around struggling forward Mikkel Boedker. Ottawa announced that deal at 4:58 a.m. PT.  The Sharks then flipped Hoffman and a pick to the Florida Panthers for a trio of draft selections, a trade that Florida officially announced at 7:17 a.m. PT. 

Here's what each team acquired after the dust settled:

Sharks get:

  • Defenseman Cody Donaghey (from Senators)
  • 2020 fifth-round pick (from Senators)
  • 2018 fourth-round pick (from Panthers)
  • 2018 fifth-round pick (from Panthers)
  • 2019 second-round pick (from Panthers)


Senators get (from Sharks):

  • Forward Mikkel Boedker
  • Defenseman Julis Bergman
  • 2020 sixth-round pick


Panthers get (from Sharks):

  • Forward Mike Hoffman
  • 2018 seventh-round pick 


So what does it all mean for the Sharks? Perhaps most importantly, trading Boedker's contract, who was just seeming to find his place in the lineup down the stretch this season after signing a four-year deal with the team two summers ago, clears an additional $4 million in salary cap space over the next two seasons (and $6 million in total salary).  With the cap set to rise to between $78 million and $82 million, San Jose would (as of now) have between $14.5 million and $18.5 million in cap space, and that's before considering the possibility that the team buys out Paul Martin's contract. 

Even if no other moves are made, the Sharks are in position to make a splash in free agency. According to The Sporting News' Evan Sporer, their maneuvering is designed to chase not one, but two of the biggest free-agent fish this summer. 

In his statement announcing the trades, Wilson said the deals "free up a substantial amount of cap space for internal and external player options in the coming months," and re-stocked on draft picks. It was a tidy bit of trading, as San Jose improved upon each of the selections it traded away, and now has seven picks in this year's draft after entering the day with just five. 

He also said that the deal opens a spot for the young forwards in the organization to challenge for ice time. Wilson specifically mentioned Kevin Labanc (who actually averaged more ice time than Boedker this season), playoff hero Marcus Sorensen, newly-signed European free agents Antti Suomela and Vincent Praplan, as well as rookies Dylan Gambrell and Max Letunov. 

Meanwhile, Hoffman joined Theo Fleury and Mark Messier in the "Sharks For A Few Hours" club, and has a new home following accusations that his girlfriend, Monica Caryk, harassed a teammate's wife. Last week, the Ottawa Citizen reported that Melinda Karlsson, wife of Senators defenseman Erik Karlsson, had filed for an order of protection against Hoffman's girlfriend and accused her of an online harassment campaign throughout the season.

As a result, Hoffman's trade value plummeted from where it was at the trade deadline, according to ESPN's  Greg Wyshynski.

Pierre LeBrun told TSN that the trade was not a three-way deal, as the Sharks and Senators reportedly did not communicate about the subsequent trade with the Panthers. Wilson's no stranger to creatively facilitating some of the offseason's biggest deals, however. He acquired a pair of players and a pick from the Atlanta Thrashers in 2010 so Atlanta could acquire Dustin Byfuglien from then-Stanley Cup champions Chicago, and  he also acquired goaltender Martin Jones from the Boston Bruins three years ago just days after the Los Angeles Kings shipped him (and a first-round pick) up to Boston for Milan Lucic.

In series of deals, Sharks trade Boedker, acquire four draft picks

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USATSI

In series of deals, Sharks trade Boedker, acquire four draft picks

While you were sleeping, the Sharks were busy making moves.

At 4:58am PT, the Ottawa Senators announced that they had acquired forward Mikkel Boedker, defenseman Julius Bergman and the Sharks' 2020 sixth round pick for forward Mike Hoffman, Ottawa's 2020 fifth round pick and defenseman Cody Donaghey.

Hoffman played in all 82 games this season and finished with 22 goals and 34 assists. But before he could even be fitted for a Sharks jersey, San Jose flipped Hoffman to the Florida Panthers along with their 2018 seventh round pick for Florida's 2019 second round pick, a 2018 fourth round pick (previously owned by Vegas) and Florida's 2018 fifth round pick.

By trading Boedker, the Sharks cleared $4 million in salary cap space.

https://twitter.com/SanJoseSharksPR/status/1009078992748462083

All the key dates for the Sharks this offseason

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AP

All the key dates for the Sharks this offseason

UPDATE (June 19, 3:12 p.m. PT): A day after publication, the Sharks made a pair of trades. This article has been updated to reflect that.

The offseason inched along on Monday, as the Sharks announced their preseason schedule. San Jose will play six games, two each against a trio of division rivals in the Anaheim Ducks, Calgary Flames, and Vegas Golden Knights.

The Sharks’ preseason slate is bookmarked with games against the Sharks’ playoff opponents from this spring. It starts with a first-round rematch with the Ducks at SAP Center on Sept. 18, and concludes with a second-round rematch with the Golden Knights at T-Mobile Arena on Sept. 30.

The full schedule can be seen below.

The preseason schedule announcement marks the beginning of a busy couple of weeks leading up to the start of free agency on July 1. Here are the important dates to keep in mind as the offseason progresses, courtesy of the league’s collective bargaining agreement and CapFriendly.

Now until June 30 (2 p.m. PT)

All 31 teams are allowed to buy out players’ contracts during this stretch. A buyout is worth one-third of the value if the player is under 26, and two-thirds of the value if they’re older than 26. The buyout amount is paid out over double the remaining length of the contract, and teams are on the hook for a salary cap hit dependent upon the player’s age and the remaining salary.

The Athletic’s Kevin Kurz, citing a league source, reported on June 9 that there’s a “strong possibility” the Sharks will buy out veteran defenseman Paul Martin’s contract. Martin is signed through 2019 with a $4.85 million cap hit. If San Jose buys him out, the Sharks will carry a salary cap hit of $1,416,667 over the next two seasons, per CapFriendly’s buyout calculator.

June 20

The NHL will announce home openers for all 31 teams at 10 a.m. PT. San Jose’s opened its home slate against 14 different teams, but will a 15th join the mix this season?

At 5 p.m. PT (NBCSN), the league holds its annual awards show. One of Drew Doughty, Victor Hedman, and P.K. Subban will succeed Sharks blueliner as the Norris Trophy winner, and Hedman is the only potential first-time winner.

June 21

The NHL will unveil the full, 82-game regular season schedules for all 31 teams at 2 p.m. PT.

June 22-23

The 2018 NHL Draft begins in Dallas. The first round starts on Friday, June 22 at 4 p.m. PT, while the remaining six rounds begin the following day at 8 a.m. PT.

Currently, the Sharks hold seven picks: A first-round pick, two fourth-round picks, two fifth-round picks, and two sixth-round picks. The Sharks are without second-and-third-round picks, both of which (No. 52 overall and No. 83 overall) were traded to the Toronto Maple Leafs in 2016. If San Jose doesn’t acquire any additional picks, this would mark the first time in general manager Doug Wilson’s tenure that the team did not draft a player in the second or third rounds.

June 24-30

The Sharks can meet with center John Tavares and other pending unrestricted free agents (UFAs) during this time. On the flipside, that means soon-to-be UFAs Eric Fehr, Jannik Hansen, Joe Thornton, and Joel Ward can start meeting with other clubs as well.

UFAs are not allowed to sign new contracts until 9 a.m. PT on July 1.

June 25

San Jose can issue qualifying offers to pending restricted free agents (RFAs) until 2 p.m. PT. Defenseman Dylan DeMelo, plus forwards Tomas Hertl and Chris Tierney are the team’s only pending RFAs.

All qualifying offers are for one year, worth 105 percent of the player’s base salary for the previous year if the salary was between $660,000 and $1,000,000 and 100 percent of the base salary for anything above. DeMelo ($700,000 qualifying offer, per CapFriendly) and Tierney ($735,000) fall into the former category, while Hertl ($3.2 million) falls into the latter.

June 26

The Sharks can contact DeMelo, Hertl, and Tierney, as well as all other RFAs. RFAs cannot sign a new contract or an offer sheet until 9 a.m. PT on July 1.

A player has not signed an offer sheet with an organization other than their own since Ryan O’Reilly signed one with the Calgary Flames in 2013. This year’s offer sheet compensation is as follows, according to CapFriendly.

San Jose, which signed Niklas Hjalmarsson to an offer sheet in 2010, can issue an offer sheet worth up to $4,059,322 annually. The Sharks cannot sign RFAs outside of the organization to a bigger one since they ultimately traded their 2019 first-round pick to the Buffalo Sabres once Evander Kane signed a seven-year, $49 million extension to stay in San Jose last month.

June 30

In addition to the first buyout window closing and the free-agent window closing, the NHL will officially set the salary cap’s upper and lower limits for next season.

NHL deputy commissioner Bill Daly told reporters before Game 1 of the Stanley Cup Final last month that the ceiling will rise to between $78 million and $82 million. The Sharks will have between $14.5 million and $18.5 million in salary cap space at minimum, and at least $2.83 million more if Martin is ultimately bought out.

July 1

Free agency officially begins. RFAs and UFAs can sign contracts starting at 9 a.m. PT.

This is also the day that players entering the final year of their contracts, such as Sharks forwards Logan Couture and Joe Pavelski, can first sign contract extensions. San Jose signed defenseman Marc-Edouard Vlasic (eight years, $64 million) and goaltender Martin Jones (six years, $34.5 million) to extensions on this date last year.

July 5

If they choose to file for salary arbitration, DeMelo, Hertl, Tierney, and other eligible RFAs must file by 2 p.m. PT.

At 2:01, teams can first file for arbitration with RFAs if the player has not accepted a qualifying offer and the team’s made an offer that’s equal or richer than the player’s annual average value (AAV) last season.

July 6

The Sharks host their annual prospect scrimmage at SAP Center at 7 p.m. Dylan Gambrell, 2018 AHL All-Star Rudolfs Balcers, 2017 draft picks Josh Norris (first round) and Mario Ferraro (second round) are among the players expected to participate, according to the team.

The deadline for teams to file for arbitration is at 2 p.m. PT on this day.

July 15

Qualifying offers to RFAs expire automatically at 2 p.m. PT.

July 20-August 4

Arbitration hearings between RFAs and teams are held during this period. The two parties can agree to a deal at any point before the hearing, but must agree to a one-or-two-year deal at the awarded salary, but the party that didn’t file for arbitration decides on the term.

Beginning three days after a team’s last salary arbitration award or settlement, they will have an additional 48-hour buyout window.