12:42PM: The Sharks have confirmed Karlsson’s eight-year extension worth a total of $92 million. (Cap Friendly)
His cap hit will be $11.5 million and he has a full no-move clause. (Cap Friendly)
9:48AM: Bob McKenzie tweets that “all signs” are pointing towards Erik Karlsson signing an extension with the San Jose Sharks.
Karlsson has long been linked to the Rangers as a possible free agent addition.
Elliotte Friedman wrote over the weekend that the Sharks are believed to have offered Karlsson a deal “that will challenge” the eight-year, $88 million dollar contract that Drew Doughty signed last year. (Sportsnet)
Karlssons cap hit is expected to come in around $11.5 million per season, according to McKenzie.
Adam Rotter: The thing with Karlsson was trying to figure out how much interest the Rangers had in him compared to how much interest Karlsson had in the Rangers. Most around the league believed that the Rangers were one of 3-4 teams Karlsson was likely to be interested in, San Jose, Tampa and maybe Detroit as others, with Henrik Lundqvist, Mika Zibanejad and NY being a short flight from his wife’s family in Ottawa, as main reasons why. The Rangers are believed to have had a good amount of interest in Karlsson but not at seven-years and $11 million plus. The Rangers need and want to improve their defense and Karlsson would have done that but, at his age and with his recent injury history, the Rangers would have been taking on a big risk at a crucial stage of the rebuild. Had Karlsson come to the Rangers and said they were his only choice then something likely could have gotten done but it would have seen him leave a lot of years and money on the table. Now he stays in San Jose and will help them try to finally get over the hill and win the Stanley Cup.