Sharks Trade Noesen, Get 4th-Round Pick to Retain on Foligno

Columbus has traded Nick Foligno to Toronto, and they’re re-routing 25% of Foligno’s cap hit through the San Jose Sharks.

Here’s the full deal:

More details on today's transaction: https://t.co/3yh6WecQMC pic.twitter.com/wYurrLmWfw

— San Jose Sharks (@SanJoseSharks) April 11, 2021

The San Jose Sharks will receive Toronto’s 2021 fourth-round pick to take on $1.375 million of Foligno’s $5.5 million cap hit. They’re also sending Stefan Noesen to the Maple Leafs. Both Foligno and Noesen are impending UFAs.

Noesen, who’s on a one-way, $925,000 contract, had fallen out of favor with the Sharks after providing a spark to the big club last year when he was claimed off waivers. He has spent the majority of the season with the Barracuda.

Look for San Jose to continue to be active tomorrow as a potential middle man in other three-way trades. They still have over $9 million dollars of cap space available for rent.

Today #SJSharks got a 4th for $1.375M Cap Hit retained ($1M Salary)
Yesterday #LGRW got a 4th for $1.063M cap Hit & Salary Retained

Looks like the market price for $1-$1.5M cap hit retention is a 4th round pick.https://t.co/nM0EAq7n7I

— PuckPedia (@PuckPedia) April 11, 2021

If that’s the going rate for about a million in retention, what’s the price for retaining more? Last year, Toronto get a 5th for retaining $1.1 million dollars of Robin Lehner’s cap hit, on his way to Vegas. So could the San Jose Sharks be in line for an even better draft pick? The NHL Trade Deadline is 12 PM PT tomorrow.

What Should Sharks Expect Back for Renting Out Their Cap Space? | SJHN+