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Sharks’ Cap Projection After Re-Signing Gregor

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Credit: AP Photo/Bill Kostroun

The San Jose Sharks have re-signed Noah Gregor.

Per Jason Gregor of TSN 1260, the 24-year-old winger has signed a one-way, one-year contract worth $950,000. He will be eligible for arbitration after this season.

“Noah elevated his play last season and set career highs in several offensive categories,” GM Mike Grier said in a team press release. “He can utilize his speed to create space in the offensive zone and we look forward to watching him take another step this year.”

Gregor is represented by agent Craig Oster.

Here’s how San Jose Hockey Now is projecting the San Jose Sharks’ cap situation right now. Jonah Gadjovich is the Sharks’ lone remaining RFA but is not expected to sign for much more than the veteran’s minimum.

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
Gregor, Noah950,000
Eklund, William894,167
Nieto, Matt850,000
TOTAL42,406,667
DEFENSE2022-23
Karlsson, Erik11,500,000
Vlasic, Marc-Édouard7,000,000
Ferraro, Mario3,250,000
Simek, Radim2,250,000
Nutivaara, Markus1,500,000
Benning, Matt1,250,000
Megna, Jaycob762,500
TOTAL27,512,500
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 TOTAL$82,239,167

In my projection, waiver-exempt prospect William Eklund has made the Sharks over fellow waiver-exempt prospects Scott Reedy, Jasper Weatherby, Thomas Bordeleau, Max Veronneau, among others.

Gadjovich and Jeffrey Viel are the key forwards who are likely to be exposed to waivers.

You should be able to swap Eklund out for any of these forwards, they all make less than the Swedish winger’s $894,167 AAV, save for Bordeleau’s $916,667 cap hit.

On defense, Nikolai Knyzhov’s long-term injury might open the door for Radim Simek to re-establish himself on the San Jose Sharks’ blueline. Alternatively, the Sharks can bury part of Simek’s cap hit – $1.125 million dollars of Simek’s $2.25 million – in the minors, and swap in waiver-exempt prospect Ryan Merkley ($863,333 AAV). That will give San Jose a little more cap breathing room.

You’ll notice that I’m projecting that the Sharks will enter the season with three goalies and remain just under the $82.5 million dollar cap. While that’s not ideal for a host of reasons, San Jose might find a more welcoming market for James Reimer or Adin Hill a month or so into the season.

That’s 13 forwards, seven defensemen, and three goalies for a 23-man roster. Of course, hanging over this projection is the result of Evander Kane’s grievance. An NHL source indicated to SJHN that the Sharks, Kane, and the NHL still haven’t scheduled a second hearing date at this time.

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