Karlsson traded to Penguins, ending uneven era with San Jose Sharks

Erik Karlsson’s time with the San Jose Sharks – a sometimes electrifying but all-too-often disappointing five-year period in which the team made only one playoff appearance – came to an end Sunday as the three-time Norris Trophy winner was traded to the Pittsburgh Penguins.

“We want to thank Erik for his contributions in San Jose over the last four years and congratulate him on a remarkable and historic 2022-23 season. We wish Erik, his wife Melinda, Harlow, and Stellan all the best in the future.” The Sharks, per CapFriendly, now have just under $4 million in cap space for next season. But the true benefit to the Sharks was freeing up an additional $10 million in cap space for the following three seasons, giving Grier more flexibility to reshape the roster as he sees fit.

“It’s definitely tough to move out salary and we understand that. At some point, they’ll probably have to be a little bit of give on our side,” Grier said on June 27. “But if people think we’re going to eat 50% of contract and all this type of stuff, it’s probably not going to happen.” In a Cup-or-bust blockbuster trade made by former Sharks general manager Doug Wilson on Sept. 13, 2018, Karlsson was acquired from the Ottawa Senators for four players and three draft picks.

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