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Kevin Labanc Re-signs for 4 Years, $18.9 Million

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Kevin Labanc, San Jose Sharks
Credit: Douglas Stringer/Icon Sportswire

Pierre LeBrun reported today that the San Jose Sharks have re-signed RFA Kevin Labanc to a four-year, $18.9 million dollar contract. That’s a 4.725 million dollar cap hit.

“Kevin brings a rare level of offensive skill and creativity to our line-up and has established himself as a top-six forward in our league,” San Jose Sharks GM Doug Wilson said in a press release. “His Game 7 playoff performance last season is one of the most iconic moments in Sharks history and is a perfect example of the impact he can have on a hockey game. Kevin has shown a consistent ability to perform at a high level in both the regular season and the playoffs and he will be a big part of our club in the coming years.”

“Banker adds some important ingredients to our lineup, especially with how we want to play going forward,” San Jose Sharks head coach Bob Boughner said. “His creativity makes him a player that other teams have to be aware of and we’re excited to see that on display at both five-on-five and on the power play.”

From what I understand — and you can guess based on the size of this contract — the San Jose Sharks are rewarding Labanc more for his breakout 56-point 2018-19 campaign, and calling something of a mulligan on his tough 2019-20 season. In fairness to Labanc, the entire Sharks team struggled this year.

This contract is probably also something of a “make up” for the record-setting low contract that Labanc signed last summer. The 24-year-winger himself has called the one-year, $1 million dollar deal a “big favor”:

Kevin Labanc on Being USA Hockey’s Last Pick, Contract Regrets

More on this story as it develops. Both Wilson and Labanc should be available to the media shortly.

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Jackson Edward

I love Banker, and I desperately wanted DW to re-sign him, but this contract is profoundly insane and irresponsible.

Jackson Edward

Perhaps your right, and perhaps dispassion is a badge of honor among the pros, but for the armchair fan dying for a return to Playoff form DW’s moves (rather lack of moves) have so far been thoroughly disheartening and insulting to endure. We’re forced to watch quality players get snatched up for pennies on the dollar in once-in-a-century buyers’ market while DW sits on his hands seemingly content to once again bet on rookies stepping up and vets leading by example. Not one seriously contending team is satisfied to be comprised of AHL players, as most of their rosters are… Read more »

Jackson Edward

I have a bit more to say, but I’m gonna cool my jets for a day before I respond.

Speaking of Jets, I here Roslovic is on the bloc. Please tell me we’re interested in Roslovic! We talk a lot about having a good top-6, but we should really be focused on building a baller top-9! Let the 4th line be the revolving door for the “young guys”!

Thanks Sheng!

Alaskan_ice

I’m happy to see Labanc stay in teal for years.

david barnard

about 500k higher than i had him comp’d a year ago.

andrew

yikes.

david barnard

factoring in the 1 yr discount this really looks even better for DW at under 4M for 5. i’m not sure what Sharks fans are so bent over? middle 6 support scorers w/PP1 upside go in the 4-5M range.

San Jose Sharks

Agent on UFA Gridlock, Gambrell & Kellman on Jumbo’s Departure

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Credit: Michael Miller (CC BY-SA 3.0)

The free agency gridlock is real — and according to an agent, there’s no end in the sight.

It’s not just the money being handed out, or lack thereof, it’s also the rush, or lack thereof, to sign guys.

To illustrate, 19 days into free agency, six of TSN’s final top-20 free agents are still on the board: Mike Hoffman, Erik Haula, Corey Perry, Mikael Granlund, Anthony Duclair, and Sami Vatanen.

Last summer, just two of TSN’s top-20 were available after 12 days of free agency: Ben Hutton and Jake Gardiner.

“The length of time until the season starts is probably affecting [this off-season’s free agents],” an agent told San Jose Hockey Now. “There’s not much rush right now since who knows when NHL camps even open?”

This is on top of revenue concerns that every organization is facing.

So the teams are in no rush to commit — and in some cases, the players aren’t either.

This particular agent agreed that players might see better offers once there’s more certainty with when the 2020-21 season will begin.

So while we know there are multiple teams in on the likes of Hoffman, Haula, and Conor Sheary, it might be a while yet before all these dominos fall.

No Conor Sheary Update

Speaking of Sheary, San Jose Hockey Now broke last week that the San Jose Sharks were talking to his camp.

BREAKING: Sharks Are Talking to Conor Sheary

At the moment, however, SJHN doesn’t have an additional Sheary update.

That’s no surprise. It is, after all, an unusually stagnant market.

Gambrell, Kellman on Thornton

A week and a half ago, when Joe Thornton left the San Jose Sharks for Toronto, San Jose Hockey Now reached out to a few Sharks to ask them about Jumbo’s departure.

Kevin Labanc was quick to reply; over the last week, a couple more Sharks have responded.

Dylan Gambrell texted: “Huge loss, big presence, and has been such a key piece for the Sharks for a very long time. Someone I looked up to very much and learned a ton from.

“I wish him nothing but the best and you can ask just about anyone how much he’ll be missed. With that said, it’s up to us as a team to step up and make up for that presence going forward and I know we have the guys in the locker room to do that.”

Gambrell, who the San Jose Sharks hope can step up to help fill Thornton’s void on the ice, has spent most of the last half-year in Denver. The 24-year-old forward plans to be in San Jose in about a week, to join the likes of Logan Couture, Tomas Hertl, and Labanc, who have been skating together.

Meanwhile, over 5,000 miles away, Joel Kellman won’t be back soon — he’s playing for Allsvenskan’s Kristianstads IK right now.

Kellman messaged SJHN about the San Jose Sharks legend: “I was so happy I got to play with him for a couple months! He was just a true professional, always working hard on and off the ice. That’s why he’s been good for so many years.”

Welcome to your new home for San Jose Sharks breaking news, analysis and opinion. Like us on Facebook, follow us on Twitter and don't forget to subscribe to SJHN+ for all of our members-only content from Sheng Peng and the National Hockey Now network.
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Locked On Sharks

Meeting Mr. Robins

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Tristen Robins

Erik and JD look into the second of the San Jose Sharks’ two second-round draft picks, Tristen Robbins. We review his statistical profile and where he lands on some draft models. Then, we look at his tape to determine his strengths and weaknesses (8:00) as well as why his numbers exploded over the second half of the season. We finish by looking at his timeline for making the NHL (18:00). Check out the podcast on Twitter, Instagram, and Facebook.

 

 

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Welcome to your new home for San Jose Sharks breaking news, analysis and opinion. Like us on Facebook, follow us on Twitter and don't forget to subscribe to SJHN+ for all of our members-only content from Sheng Peng and the National Hockey Now network.
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