The 2019 NHL free agent class — both restricted and unrestricted — is absolutely loaded. But perhaps the biggest fish of them all has already been taken off the board.
Erik Karlsson and the San Jose Sharks have agreed to an eight-year extension worth $11.5 million per year, according to Cap Friendly, becoming the highest-paid defenseman in league history. It’s a significant move for the Sharks, who are looking to keep the band together and take a few more stabs at a Stanley Cup before their window starts to close — Joe Thornton is 39, Joe Pavelski turns 35 in July, Brent Burns is 34, Marc-Edouard Vlasic is 32 and Logan Couture is 30.
How the Sharks make the math work going forward will be fascinating to monitor. Thornton, if he doesn't decide to hang up the skates, is a UFA. Same with Pavelski, who is coming off one of the most productive seasons of his career. Both of those players have become part of the Sharks identity, but their futures aren't guaranteed. And then there are guys like Kevin Labanc and Timo Meier, both of whom are RFAs and due big raises.
So how does the Karlsson extension impact the Blackhawks and the rest of the Western Conference?
For starters, the UFA defensemen class just got thinner and that could lead to overpayment across the board from teams looking for impact-type blue-liners because general managers that are looking to make a splash don’t want to come away empty-handed. The Blackhawks were never going to be in on Karlsson, but his contract set the market for this year's class and the fact the signing came before the NHL Draft now gives teams that would've been in on Karlsson an opportunity to refocus ahead of the negotiating period.
In the bigger picture, the Sharks just solidified themselves as legitimate Stanley Cup contenders for at least the next couple seasons. While the Karlsson contract may not look the greatest on the back half, given his durability issues, the Sharks had no choice but to offer him a blank check. When healthy, he is a game-changer and a two-time Norris Trophy winner who's still in his prime, and if the Sharks win a title in the next couple years then it was well worth it. You don't let players like him walk.
The Blackhawks are expected to be aggressive over the next several weeks, particularly in free agency but also continuing to explore the trade market. We already saw that when they acquired defenseman Olli Maatta from the Pittsburgh Penguins, a move that could only be the first of many this offseason. The West might be top heavy, but this past season proved that any team can turn it around quickly and the Blackhawks need to do everything in their power to make sure they're one of those teams.