2020-21 record 21-28-7, 49 points
7th in the Honda NHL West Division
Missed the postseason for the second-straight year
Additions: F Nick Bonino, F Andrew Cogliano, F Nick Merkley (acquired from NJD), F Lane Pederson, D Jaycob Megna, G Adin Hill (acquired from ARI), G James Reimer
Subtractions: F Kurtis Gabriel (signed with TOR), F Fredrik Händemark (KHL), F Maxim Letunov (signed with CAR), F Marcus Sörensen (SHL), F Alex True (expansion, SEA), D Christian Jaros (traded to NJD), D Greg Pateryn (signed with ANA), G Martin Jones (buyout), G Josef Korenar (traded to ARI)
Still Unsigned: F Ryan Donato, F Noah Gregor (RFA), F Patrick Marleau
Re-signed: F Rüdolfs Balcers, F Joachim Blichfeld, F Jonathan Dahlén, F Dylan Gambrell, F Matt Nieto, F Jeffrey Viel, D Nicolas Meloche
Offseason Analysis: The Sharks have been quiet– too quiet– this offseason for a team that proclaims they’re “definitely not rebuilding” and “totally going to be back in the playoffs in 2022”.
Whether you buy into the speculation that Tomas Hertl is going to be shopped by the team or not, there is some uneasiness in the dressing room as Evander Kane’s bankruptcy court ongoings continue to unfurl in public amidst separation from his wife while San Jose is tight against the salary cap with about $3.361 million in cap space heading into the 2021-22 season.
Erik Karlsson’s made it known that he doesn’t want to experience another rebuild in his career– having been dealt to the Sharks originally as a casualty of the Ottawa Senators’ demise and subsequent retool/rebuild.
It’s not hard to feel empathy for the precarious position that Doug Wilson is in as General Manager, though it’s through much of his own doing.
For starters, Karlsson carries an $11.500 million cap hit through the 2026-27 season, which contributed to Joe Pavelski leaving for the Dallas Stars via free agency on July 1, 2019, and with it San Jose’s character amongst the Sharks’ leadership core.
Kane carries a $7.000 million cap hit through 2024-25, though he may reach a termination agreement at any point in time with San Jose to restructure his debt and may or may not end up signing for much less as a result with the Sharks if he isn’t forced to take a step back from hockey to focus on that whole debt thing that keeps getting mentioned.
Seriously, we’re hoping for the best here.
Forced to make minor moves due to a stagnant salary cap, Wilson signed Matt Nieto to a two-year extension worth $850,000 per season and continued to fill out his middle of the lineup/bottom-six forwards with Andrew Cogliano and Nick Bonino via free agency.
Cogliano received a one-year, $1.000 million deal, while Bonino earned a two-year contract that carries a $2.050 million cap hit.
Nieto recorded three consecutive seasons of 20 or more points with the Colorado Avalanche from 2017-18 through 2019-20 as he experienced a career resurgence as a bottom-six forward, prior to amassing 5-2–7 totals in 28 games last season with San Jose before a lower body injury cut his 2020-21 season short.
After spending the last few seasons in Dallas, Cogliano left the Stars for the Sharks in free agency after managing 11 points (five goals, six assists) in 54 games last season.
At this point, the 34-year-old center is just trying to hold onto what is likely the twilight of his career and looking for a way to either spice up his remaining playing days and extend his tenure in the league or find a way to be moved by the trade deadline to a Cup contender as the 14-year NHL veteran has only been to one Stanley Cup Final in his career thus far– losing in six games with Dallas to the Tampa Bay Lightning in 2020.
Bonino, on the other hand, brings some Cup winning experience to San Jose’s dressing room as the 33-year-old center won his first of two Cup rings with the Pittsburgh Penguins in six games against the Sharks in the 2016 Stanley Cup Final.
After winning back-to-back Cups in 2016 and 2017, with Pittsburgh, Bonino made his way to the Nashville Predators and, most recently, the Minnesota Wild, where he had 10-16–26 totals in 55 games while the Wild rose to prominence and endured a seven-game First Round series loss to the Vegas Golden Knights in the 2021 Stanley Cup Playoffs.
Bonino may be at the point where he bounces around the league every other season or so, but he’s shown that he can still prove to be a valuable piece down the middle as a glue guy, which is welcome news for San Jose as they look for Logan Couture and Hertl to remain steady as a 1-2 punch at center on the first and second lines.
Drafting William Eklund 7th overall in the 2021 NHL Draft, then signing him to a three-year entry-level contract was another quality move made by Wilson in the ongoing restructuring of the organization’s depth and future foundation.
Ranked as the No. 1 European skater by NHL Central Scouting, Eklund fell to the Sharks in the draft and could end up playing this season for San Jose. Sure it might be throwing him to the fire a bit early, but if he’s as good as he looked with Djurgårdens IF, then it’s worth it to spur the *ahem* rebuild in San Jose as he managed to have 11-12–23 totals in 40 games in the SHL last season.
But the biggest change this offseason for the Sharks comes in the crease, where San Jose has bought out Martin Jones– freeing themselves from his 15-13-4 record in 34 games last season, with a 3.28 goals-against average, an .896 save percentage and one shutout in that span– and traded for Adin Hill before signing Hill to an extension and landing James Reimer in free agency.
Jones will carry a $1.917 million buyout penalty on San Jose’s cap through the 2026-27 season, but at least he’s the Philadelphia Flyers’ reclamation project now.
In the meantime, Hill was acquired in exchange for Josef Korenar and a 2022 2nd round pick back on July 17th.
The 25-year-old former Arizona Coyotes goaltender was given a two-year extension worth $2.175 million per season and went 9-9-1 in 19 games last season, recording a 2.74 goals-against average, a .913 save percentage and two shutouts in that span.
It’s important to note that he had a 2.62 goals-against average and a .918 save percentage in 13 games in 2019-20 with the Coyotes and has shown that, perhaps, in a better defensive situation, he just might improve.
Meanwhile, Reimer reunites with the Sharks for the first time since San Jose’s 2016 Stanley Cup Final appearance as he was acquired by the team on Feb. 28, 2016, with Jeremy Morin for a 2018 3rd round pick, Ben Smith and Alex Stalock in return to the Toronto Maple Leafs back in the day.
Since then, Reimer had a stop with the Florida Panthers and, most recently, with the Carolina Hurricanes as a tandem duo with Petr Mrazek.
The 33-year-old goaltender might have an edge going into the season over Hill as Reimer managed to record a 15-5-2 record in 22 games last season for Carolina and had a 2.66 goals-against average, as well as a .906 save percentage in that span.
He signed a two-year deal worth $2.250 million per season with the Sharks on July 28th.
In both cases, it’s a low-risk, high-reward move that Wilson can defend simply as a placeholder if it all goes south while searching for a long-term solution in net.
Offseason Grade: C-
It’s time for the Sharks to make some serious roster decisions in a proactive manner instead of forcing their own hands tied and reacting to the alarming situation that may only worsen as the team desperately tries to avoid using the term “rebuild”.
San Jose’s unprecedented success in the regular season throughout the 2000s and 2010s meant that the team never really had to rely on the uncertainty of going through growing pains and struggles, but for the first time since franchise’s infancy it appears that it’s inevitable once more.
Whether removing Wilson is something to be done sooner rather than later or not hinges upon whether or not Sharks ownership is informed of a solidified plan.
There cannot be any wavering any longer for a team that, sure, finished ahead of the Anaheim Ducks last season, but is expected to bottom out in the Pacific Division by virtually every expert and analyst on paper going into 2021-22– and that’s even with the uncertain nature of the expansion, Seattle Kraken, to consider.
San Jose is close to getting a “D+”, but cutting their losses and buying out Jones now brings them up to a “C-“.
Down the Frozen River 
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