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What’s Sharks’ Cap Situation After Re-Signing Ferraro?

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Credit: Sammi Silber

Re-signing Mario Ferraro answers one big San Jose Sharks’ cap question.

This is what their cap situation looks like after bringing back RFA Ferraro with a four-year, $13 million dollar contract.

FORWARDS2022-23
Hertl, Tomas8,137,500
Couture, Logan8,000,000
Meier, Timo6,000,000
Labanc, Kevin4,725,000
Kunin, Luke2,750,000
Barabanov, Alexander2,500,000
Lindblom, Oskar2,500,000
Bonino, Nick2,050,000
Sturm, Nico2,000,000
Lorentz, Steven1,050,000
Eklund, William894,167
Nieto, Matt850,000
TOTAL41,456,667
DEFENSE2022-23
Karlsson, Erik11,500,000
Vlasic, Marc-Édouard7,000,000
Ferraro, Mario3,250,000
Simek, Radim2,250,000
Nutivaara, Markus1,750,000
Benning, Matt1,250,000
Knyzhov, Nikolai850,000
Megna, Jaycob762,500
TOTAL28,612,500
GOALIES2022-23
Kähkönen, Kaapo2,750,000
Reimer, James2,250,000
Hill, Adin2,175,000
TOTAL7,175,000
BUYOUT2022-23
Jones, Martin2,416,667
Balcers, Rudolfs8,334
TOTAL2,425,001
RETAIN2022-23
Burns, Brent2,720,000
TOTAL2,720,000
2022-23 TOTAL82,389,168

You’ll notice 12 forwards, eight defensemen, and three goalies to form an unusual, but just cap-compliant 23-man roster. The cap is $82.5 million for the 2022-23 season. You can also exchange waiver-exempt blueliner Nikolai Knyzhov for a forward. Knyzhov has been away from hockey for a year because of a groin injury and a post-surgery infection, so starting the season in the AHL isn’t an outlandish way for him to regain his timing.

Teams, of course, can go 10 percent over the salary cap during the off-season.

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

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

FORWARDS2022-23
Hertl, Tomas8,137,500
Couture, Logan8,000,000
Meier, Timo6,000,000
Labanc, Kevin4,725,000
Kunin, Luke2,750,000
Barabanov, Alexander2,500,000
Lindblom, Oskar2,500,000
Bonino, Nick2,050,000
Sturm, Nico2,000,000
Lorentz, Steven1,050,000
Eklund, William894,167
Nieto, Matt850,000
Gregor, NoahRFA
TOTAL41,456,667
DEFENSE2022-23
Karlsson, Erik11,500,000
Vlasic, Marc-Édouard7,000,000
Ferraro, Mario3,250,000
Nutivaara, Markus1,750,000
Benning, Matt1,250,000
Knyzhov, Nikolai850,000
Megna, Jaycob762,500
TOTAL26,362,500
GOALIES2022-23
Kähkönen, Kaapo2,750,000
Hill, Adin2,175,000
TOTAL4,925,000
BUYOUT2022-23
Jones, Martin2,416,667
Balcers, Rudolfs8,334
TOTAL2,425,001
RETAIN2022-23
Burns, Brent2,720,000
TOTAL2,720,000
2022-23 TOTAL77,889,168

That’s a more normal 13 forwards-seven defensemen-two goalies roster construction.

For cap purposes, by the way, you should consider Reimer and Adin Hill 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’ve sent Reimer away because his trade value is higher than Hill’s right now, but it could very well be Hill that goes.

So sans Simek and a goalie, and adding a 13th forward to the mix, the Sharks have about $3.5 million dollars of cap space to play with, if they so choose.

That said, the UFA market is pretty sparse now, and roster spots on the Sharks, for better or worse, are more or less accounted for. So this $3.5 million space could also go toward burying Simek’s contract in the AHL – the Sharks can save $1.125 million of cap space off Simek’s $2.25 million in that scenario – and of course, looming over everything, is the unresolved Evander Kane grievance.

It’s still impossible to say if the Sharks will get away scot-free from Kane’s terminated contract or if they’ll be saddled with some cap charge in the end.

But it looks like the San Jose Sharks have banked some cap space to handle most any situation from now to the beginning of training camp.

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david barnard

CF has it differently.

Screenshot 2022-08-04 at 13-20-38 San Jose Sharks Salary Cap Draft Picks and Player Contracts - CapFriendly - NHL Salary Caps.png
Fin Coe

CF has Reedy and Viel up, both their salaries can be buried in the A in Sheng’s first scenario

Sheng am I correct in understanding that even if Kane wins the dispute, the most the Sharks would owe in cap would be 1.875 (7 from the Sharks contact minus the 5.125 the Oilers will be paying him)?

david barnard

are they paying this arbiter by the # of days this case gets prolonged by? has the person even returned to work? what’s going on with this circus, SP?

david barnard

players on IR don’t count towards (active) roster limits, although their cap hit does. so, it’s more reflective of their actual current cap/roster situation. we all can/and do speculate of what roster moves management will make, but that’s not fact.

Last edited 7 days ago by david barnard
david barnard

Knyzhov, Merkley, and Reedy (currently on the CF roster) are waivers exempt, so can be safely moved to the Cuda. moving just the D results in a cap savings of +1.713333M. KL’s cap hit is factored into the numbers but hasn’t been moved off IR, so the Sharks actually have 13F’s. you can move Reedy safely (waivers exempt) to the Cuda, but then you’re back to 12F. Gadjovich ($874,125) and Gregor ($787,500) have accepted their QO’s. i don’t see the point of having Gregor play for the Cuda, so we should proceed with expecting him to make the NHL club… Read more »

Bob D

Good Analysis. But didn’t MG just hire a fourth AGM to figure all this out? Or is it Will’s job? If it is/was there’s no surprise that it’s such a mess

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