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Re-Signing Lorentz Triggers 2nd Buyout Window for Sharks, Adds to Logjam Up Front

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Credit: Carolina Hurricanes

Steven Lorentz isn’t just any re-signing.

The San Jose Sharks announced today that they had agreed to a two-year contract with Lorentz. Per the Mercury News, his AAV will be $1.05 million dollars.

The Sharks received Lorentz, goaltending prospect Eetu Makiniemi, and a 2023 third-round draft pick from the Carolina Hurricanes for Brent Burns on Jul. 13. San Jose will also retain 34 percent of the remaining three years of Burns’s contract.

“He’s an everyday NHL player,” an NHL scout told San Jose Hockey Now about the fourth-line winger. “He’s big, but an excellent skater, plays with consistent power and energy.”

NHL Scouts Like Sharks’ New Acquisitions — No, Really (+)

“One thing I’d like to do is maybe see my offensive side start to blossom a little bit more,” the 26-year-old told local media after the trade. Lorentz has scored 12 goals in 110 NHL appearances, all with the Canes.

Lorentz, Merkley Talk About Burns Trade

So what makes the San Jose Sharks re-signing Lorentz interesting?

Lorentz’s settlement opens a second buyout window specifically for the Sharks – the first buyout window was from Jul. 1 to Jul. 12 – three days from now. This second buyout window lasts for 48 hours.

However, you can’t buy out just anybody. Per Puckpedia, “the only contracts that are eligible to be bought out in this window are for players with Cap Hits greater than $4M AND they were on the team’s roster at the last trade deadline.”

For the San Jose Sharks, that means the likes of Marc-Edouard Vlasic and Kevin Labanc could be bought out. Not that it’s likely – you would think that one of these players would’ve been bought out in the first buyout window to create cap space before free agency started on Jul. 13. The Sharks have also made their feelings about Vlasic clear. But it’s an option for GM Mike Grier and something to monitor.

REACTION: Balcers Bought Out, Vlasic Stays With Sharks

By the way, Labanc was on IR at the Trade Deadline, but according to Puckpedia, that counts as being on the roster for cap purposes.

Besides the buyout window, re-signing Lorentz also adds to the logjam that the San Jose Sharks have up front.

By my count, the Sharks have 10 established NHL forwards: Tomas Hertl, Logan Couture, Timo Meier, Kevin Labanc, Luke Kunin, Oskar Lindblom, Alexander Barabanov, Nick Bonino, Nico Sturm, and Matt Nieto.

They also have 10 – ten! – younger, and/or inexperienced forwards who you can reasonably expect to challenge for an NHL spot: William Eklund, Thomas Bordeleau, Lorentz, Max Veronneau, Noah Gregor, Sasha Chmelevski, Jasper Weatherby, Scott Reedy, Jonah Gadjovich, and Jeffrey Viel.

Now quantity doesn’t mean quality, but there might a trade in the offing or a surprise prospect who starts the season in the AHL.

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spon

I feel like someone else is going to be gone. Vlasic, Lebanc, Simek. why? because the Sharks haven’t signed Ferraro yet. he’s gonna cost some money. Also the other RFAs need to be signed too.

Alaskan_ice

I get what you’re saying but I truly believe that they’re counting on the Kane decision to give them some wiggle room.

Alaskan_ice

I know multitudes of fans want them to buy out Vlasic but I don’t see it. I am not certain that any player is worth it. I think Labanc is still worthwhile, either as a player or to trade.

Last edited 20 days ago by Alaskan_ice
david barnard

to trade KL right now would require an asset (draft pick or prospect) going with. same for Simek. a MEV b/o right now only made sense if they were trying to bring in a bigger FA then what they’ve done. they’ll most likely kick that can down the road. Simek trade makes the most sense to both open up the logjam at LHD and cap space. KL makes some sense too, but prob better to play him and hope he re-establishes some of his worth by the TDL, which facilitates a trade w/o having to burn assets. the Sharks are… Read more »

Cheeon Yue

I like where the roster is headed. Cheaper annual average with shorter terms will provide flexibility in the future. Expendable players that can play well enough to make attending games fun with potential increased trade equity and a better chance at landing Bedard. 🤞

david barnard

all on board Team Tank!

david barnard

this is about how i saw the Lorentz thing playing out. he’s a roster player. 1 more F needed. Chmelevski, Gadjovich, and Gregor remain unsigned. the Sharks have about $280k in cap space right now (not counting the 10% overage allowed). look for a goalie and d-man to be moved soon.

Last edited 20 days ago by david barnard
jamnjon

I’m not sure where the $280k number comes from. Capfriendly shows $2.05 million in space, and that’s with 13 forwards (including LaBanc), 8 defense (including Knyzhov), 3 goalies, and all of the dead cap sources. At least 1 of those players would have to be sent down (or placed on IR) to be compliant to regular season roster size, so that frees an extra $750k minimum. When Mario is re-signed, an additional player has to be sent down, freeing another $762.5k in cap space minimum. Chmelevski, Gadjovich, and Gregor each probably get roughly $1 million or so average (Gregor could… Read more »

david barnard

CF moved Hatakka and Bordeleau’s cap hit off the active roster.

KE

GM qualified Gads

Last edited 20 days ago by KE
david barnard

everyone left is qualified.

Falco5

Hasn’t been brought up much, but is there any chance Bonino gets moved? It was talked about some at the deadline. Its pretty clear that he’s a bottom 6 winger that can pk a bit at this point in his career (if that). A lot of the new guys also fit that role and are younger.

david barnard

anything on what’s become a league-wide joke on the goalie situation? the Sharks have 10 goalies in their pipeline! 3 unsigned (Chrona, Beaupit, and Gaudreau), 4 AHL (Mann, Makiniemi, Dell, and Emond), and 3 (Kahkonen, Reimer, and Hill) on the NHL club.

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