Connect with us

San Jose Sharks

The Cost of Buying Out Martin Jones | SJHN+

Published

on

Credit: NBCS Bay Area

The San Jose Sharks are moving on from Martin Jones, right?

“Our goaltending has to be better,” GM Doug Wilson said in his recent exit interview.

Exit Interview: Doug Wilson Plans to Add 3C, Address Goaltending | SJHN+

Jones has an .896 Save % over the last three seasons, tied with Jonathan Quick for worst among all NHL goaltenders (75+ games). Safe to say, that needs to be better, and after three straight seasons of sub-.900 save percentages, better probably isn’t coming from Jones.

So au revoir, Martin?

If only it were that simple – Jones also has three years left on his contract, $5.75 million per. Nobody is trading for the full freight there unless you attach significant premiums – a couple sources recently suggested two first-round picks at minimum. Even trading part of Jones’s contract – San Jose can retain up to 50% of the cap hit – would cost the Sharks plenty.

That leaves, of course, the buyout.

This off-season, the NHL’s buyout window opens 48 hours after the conclusion of the Stanley Cup Final, so we’re looking at early to mid-July. The buyout will extract a heavy price from San Jose too, as two-thirds of Jones’s remaining salary is essentially divvied up over six seasons.

Per Puckpedia, here’s the buyout cap hit breakdown for Jones:

Martin Jones, Buy-outCap HitCap Savings
2021-22$1,916,667$3,833,333
2022-23$2,416,667$3,333,333
2023-24$2,916,667$2,833,333
2024-25$1,666,667-$1,666,667
2025-26$1,666,667-$1,666,667
2026-27$1,666,667-$1,666,667

That’s not pretty. So is there a scenario where it might make sense…to keep Jones?

For this thought exercise, let’s assume that with or without Jones, the San Jose Sharks will bring in a new starting-caliber netminder. Next, we’ll run through various potential cap hit scenarios, with or without Jones.

Chris Driedger

The 27-year-old UFA has put up some gaudy back-up numbers (.925 Save %) over the last two seasons. Bad news for Driedger, it was a tough market for free agents last off-season, and it figures to be more of the same this time around.

Here are some UFA comps for Driedger – successful back-up, unproven starter, insignificant playoff resume, expected to come in and be at least a 1B – from last off-season:

This content is for SJHN+ subscribers only. Get this exclusive content and an ad-free experience for only $3.49 per month or get your first year for only $22.99!

Current subscribers, please log in to view.

Log In Join Now

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 plus an ad-free browsing experience.

Sheng’s Travel Fund

Help fund Sheng's travel! Every dollar goes to the cost of getting to and from Sharks road games.


Click here to contribute to Sheng's travel pool!

Get SJHN in your inbox!

Enter your email address to get all of our articles delivered directly to your inbox.

Extra Hour Hockey Training

Cathy’s Power Skating

Sharks Team & Cap Info

SJHN on Facebook

All the San Jose Sharks news that's fit to print

Enter your email to get the best Sharks coverage delivered straight to your inbox.

Thank you for subscribing.

Something went wrong.