What’s the situation with the Sharks cap after Ferraro’s re-signing?

Re-signing Mario Ferraro answers a big question about the San Jose Sharks cap.

Here’s what their cap situation looks like after bringing RFA Ferraro back on a four-year, $13 million deal.

FORWARDERS 2022-23
Hert, Thomas 8,137,500
Sewing, Logan 8,000,000
Meier, Timo 6,000,000
Labanc, Kevin 4,725,000
Take it, Luke 2,750,000
Barabanov, Alexander 2,500,000
Lindblom, Oskar 2,500,000
Bonino, Nick 2,050,000
Sturm, Nico 2,000,000
Lorentz, Steven 1,050,000
Eklund, William 894 167
Nieto, Matt 850,000
TOTAL 41,456,667
DEFENSE 2022-23
Karlsson, Erik 11,500,000
Vlasic, Marc-Edouard 7,000,000
Ferraro, Mario 3,250,000
Simek, I work 2,250,000
Nutivaara, Markus 1,750,000
Benning, Matt 1,250,000
Knyjov, Nikolai 850,000
Megna, Jaycob 762,500
TOTAL 28,612,500
GUARDIANS 2022-23
Kähkonen, Kaapo 2,750,000
Remer, James 2,250,000
Hill, Adin 2,175,000
TOTAL 7,175,000
REDEMPTION 2022-23
Jones, Martin 2,416,667
Balzer, Rudolf 8,334
TOTAL 2,425,001
TO HOLD ONTO 2022-23
Burns, Brent 2,720,000
TOTAL 2,720,000
TOTAL 2022-23 82 389 168

You’ll notice 12 attackers, eight defenders and three goalkeepers to form an unusual formation, but just within the 23-player limit. The cap is $82.5 million for the 2022-23 season. You can also swap exemption-exempt defender Nikolai Knyzhov for a striker. Knyzhov was out of hockey for a year with a groin injury and a post-op infection, so starting the AHL season isn’t a weird way for him to get his groove back.

Teams, of course, can exceed the salary cap by 10% during the offseason.

The San Jose Sharks have yet to re-sign RFAs Noah Gregor and Jonah Gadjovich, but don’t expect either young forward to command much more than the veteran’s $750,000 minimum.

I obviously wouldn’t expect the Sharks to start the season with eight defensemen and three goaltenders. So what if they manage to swap a Radim Simek and a James Reimer? This should open up a forward spot for Gregor, Gadjovich, Thomas Bordeleau, Jasper Weatherby, Jeffrey Viel, Max Veronneau or Scott Reedy in my projection:

FORWARDERS 2022-23
Hert, Thomas 8,137,500
Sewing, Logan 8,000,000
Meier, Timo 6,000,000
Labanc, Kevin 4,725,000
Take it, Luke 2,750,000
Barabanov, Alexander 2,500,000
Lindblom, Oskar 2,500,000
Bonino, Nick 2,050,000
Sturm, Nico 2,000,000
Lorentz, Steven 1,050,000
Eklund, William 894 167
Nieto, Matt 850,000
Gregory, Noah FRG
TOTAL 41,456,667
DEFENSE 2022-23
Karlsson, Erik 11,500,000
Vlasic, Marc-Edouard 7,000,000
Ferraro, Mario 3,250,000
Nutivaara, Markus 1,750,000
Benning, Matt 1,250,000
Knyjov, Nikolai 850,000
Megna, Jaycob 762,500
TOTAL 26,362,500
GUARDIANS 2022-23
Kähkonen, Kaapo 2,750,000
Hill, Adin 2,175,000
TOTAL 4,925,000
REDEMPTION 2022-23
Jones, Martin 2,416,667
Balzer, Rudolf 8,334
TOTAL 2,425,001
TO HOLD ONTO 2022-23
Burns, Brent 2,720,000
TOTAL 2,720,000
TOTAL 2022-23 77 889 168

It’s a more normal build of 13 attackers-seven defenders-two goalkeepers.

For capping purposes, by the way, you should consider Reimer and Adin Hill to be interchangeable. Reimer has one year left on his contract at $2.25 million, Hill has one year left at $2.175 million. For this exercise, I fired Reimer because his trade value is higher than Hill’s right now, but it could very well be Hill leaving.

So without Simek and a goaltender, and adding a 13th forward to the mix, the Sharks have about $3.5 million in cap space to play in, if they choose.

That said, the UFA market is pretty sparse now, and places on the Sharks’ roster, for better or worse, are more or less on the cards. So that $3.5 million cap space could also be used to bury Simek’s contract in the AHL – the Sharks can save $1.125 million in cap space on Simek’s $2.25 million in this scenario. — and of course, Evander Kane’s unresolved grievance hangs over everything.

It’s still unclear whether the Sharks will walk away from Kane’s terminated contract unscathed or be saddled with a cap fee at the end.

But it looks like the San Jose Sharks have amassed room to handle most situations by the start of training camp.

Welcome to your new home for the latest San Jose Sharks news, analysis and opinion. Like us on Facebook, follow us on Twitter and don’t forget to subscribe to SJHN+ for all of our member-only content from Sheng Peng and the National Hockey Now Network, plus an ad-free browsing experience.

Posted In NHL

Leave a Reply

Your email address will not be published.