BREAKING: San Jose SWOOPS In to Claim Carey Price Contract | What’s Next?

BREAKING: San Jose SWOOPS In to Claim Carey Price Contract | What’s Next?

The Sharks add cap flexibility by acquiring Carrie Price’s contract from the Montreal Canadians. You’re Locked on Sharks, your daily podcast on the San Jose Sharks, part of the Locked On Network, your team every day. Hello, welcome to Locked on Sharks, the premier hockey podcast covering your favorite team in the Bay Area. My name is JD Young, caretaker at the Reef, my blog about the San Jose Sharks with a focus on prospects, also the co-host of Locked On NHL. I want to thank you for making Lockdown Sharks your first or maybe second listen of the day as we’re proudly part of the Locked Onet. We cover your team every day. If you want to be an everyday, all you have to do just follow along wherever you get podcasts and of course you can watch on YouTube as well. And today we’re gonna be uh discussing the trade uh as we’re spend about 15 minutes or so discussing the carry price trade, what this means for the Sharks, kind of where they’re at with their cap situation, and if Michael Misa is now the next uh order of business for Mike Greer. So, let’s start with the actual trade itself. The Sharks send uh defensive prospect Genanon Lorac to the Montreal Canadians for Carrie Price and his contract. Uh plus a 2026 fifth round pick. Uh so, we’ll start from the Shark side. Gan Lorac of course has not played hockey really much hockey over the last couple seasons. uh he had a hip injury uh before after the Sharks drafted him before his second year of juniors before uh and they just never really recovered from that. Uh missed all of last season. So, this is basically a a swap of of contracts for players who are most likely not going to uh have any sort of on ice contribution there. Maybe maybe Lorac gets in there, but uh at this point I would probably say it’s not going to happen for for Gan and Lorac, unfortunately. So uh the Sharks send off that contract uh and in return they get Carrie Price’s contract at a $10.5 million AAV plus a 2026 fifth round pick. We talked about this on Monday, but as a quick kind of crash course of why the Sharks wanted this contract from Carrie Price, the Carrie Price contract, and why the Canadians were so looking to get rid of him. Um, Carrie Price has a $10 million AAV hit. So, that is how much money will be on the Sharks cap. Um the Sharks of course uh they were comfortably over the floor but if they happen to trade make any big trades this season or you know kind of ship off some players whatever it would kind of put them skirting close to the cap floor without having and you know you might have to bring back a contract back by acquiring my by acquiring carrier prices contract the sharks comfortably over the cap floor and they can make any trades that they want without having to worry about cap ramifications because um you just added basically $10.5 million to your cap floor. What also makes this trade what made Carrie Price’s contract so tantalizing was one it has one year left. So his contract will come off the books after this season. um you know when we hit July 1st 2026 Carrie Price will no longer be on the books. Uh but two the actual cash that you know Hasso Platner Mike whoever signs the checks for the San Jose Sharks um is only $2 million. So the way that the contract was structured, um Carrie Price got, you know, a lot of signing bonuses, etc., etc., the kind of front-loaded. Um, and then on September 1st, he got a $5.5 million signing bonus from when he from when he signed his contract. So September 1st, he got a every year he was getting a signing bonus. $5.5 million signing bonus that the Canadians wrote him a check. Here you go, Mr. Price. Thank you for your services. Um, so the the remaining amount of money that was actually owed, like actually you have to write a check out form is only $2 million. So the Sharks are paying $2 million in actual like cash to get $10.5 million cap hit. That’s why this contract was so, you know, kind of appealing for teams like the Sharks, the Chicago Blackhawks, and the um, uh, Pittsburgh Penguins, teams who we all kind of expect to be at the basement, teams that are probably going to be selling off pieces, um, is that you’re getting a big cap hit on your cap without having to pay a lot of cash for said cap hit. Uh so and for the Canadians um now they are no longer in the LTIR. They’re able to kind of bank some of this cap space um for the trade deadline and go out and try to improve their team that you know I know they’re looking for a 2C etc etc. it just gives them more roster flexibility. um where a SA team like they don’t have to kind of dip into that LTIR and now with the new LTIR rules and how things are kind of structured like it’s not as much of an advantage now especially when you look at going into the playoffs and what you know kind of being cap compliant the LT LTI rules are are just not as team friendly as they once were and you know what percentage of the LTI all that stuff it’s just not as as uh useful as it was even last year, right? So, um, very much like it it feels like a a kind of win-win situation for both teams. Uh, I know some people are like, well, this they only gave up a fifth round pick. Uh, you know, there was dreams and thoughts of maybe the Sharks might get like a, you know, second round pick or something like that. I never thought that was going to be a realistic thing because again, like both teams kind of needed this, right? Um, and you could argue the Canadians needed it more than the Sharks, but either one of them was happy kind of going into the situations that they were in, right? Canadians said like if we, you know, we have to use the LTR, we have to use the LT LTIR. And for the Sharks, like okay, like we’ll probably fine if we trade pieces away, but it’s not the end of the world if if we don’t add a buffer to our, you know, to the cap floor. So, fifth round pick, not much. And you look at the Shea Weber contract, which has been kind of the contract dour to trade over the past couple seasons for teams like uh, you know, looking to add to their cap floor. It’s been traded for a fifth round pick. Like that’s kind of been the cost of business. And you could argue, well, the contract, you know, the Sheay Weber contract is at like seven, like it’s a little under $8 million and this is a $10.5 million cap hit. So, the Sharks should get more back. But then there’s also more teams looking to add this contract, right? Like I just said that we we the reported teams were Chicago, Sharks, and Pittsburgh were all looking to add this contract. So, yeah, Shay Weber’s contract was uh you know, 7.87. But you look, you know, over the past couple seasons, his contract has been moved around. Um, and it’s, you know, it was moved around for a fifth round pick from Vegas to M to uh um to Utah and then Utah traded it for a fifth round pick uh to the Blackhawks. like that’s just kind of the cost of of these this you know especially for these kind of contracts here where it’s not really going to do like it’s not really both teams kind of benefit from this transaction. So uh I know some people you’re you’re probably mad well why didn’t we get a second round pick? You were never getting a second round pick. Like that’s just it is what it is right. So, um, we’re going to talk about kind of the cap situation here and, uh, where this leaves the Sharks, kind of a fun visual also, and we’ll talk about it too of, uh, how where are these Sharks cap space is going, uh, so far on this team, and then kind of Michael Misa if he’s kind of the next domino. So, we’ll get to that here in just one second. The NFL season is here and FanDuel’s making sure you’re ready for kickoff for a can’tmiss offer. Right now, new customers can bet just $5. If your bet wins, you’ll get $300 of bonus bets to use across the app. If you had $5 on a Mike Greer Friday news dump, congratulations. Um, FanDuel makes every game more exciting, whether you’re watching your team or just keeping an eye on your fantasy lineup. It’s quick, easy, and the best way to keep uh add a little bit more energy to Sundays. So, if you’re ready to play, download the FanDuel app now by visiting fanduel.com to get started. That’s fuel.com to place your first $5 bet. All right, before we continue, do of course want to thank you for making locked on Sharks your first listen or second listen. U make sure if you haven’t, perfect time to subscribe. Uh the push to 5K is on. If you’re watching on YouTube, hope is to the goal, the hope is to get to 5,000 subscribers before uh puck drop game one. We’re getting close. So, if you haven’t yet, perfect time to subscribe is we got uh we actually have real hockey a week from now. Like real hockey. We’re going to talk to see Michael Misa play. Uh we’re going to talk about him here in a little bit. So, make sure you uh subscribe wherever you’re following along. And of course, you can watch on YouTube as well. So, what does this mean? Where does this put the sharks in their cap situation? It’s a great question. So, uh, the Sharks right now are at 86,259,168. They’re a little bit more than $9.2 million of cap space. Um, more importantly, the Sharks are now $18 million over the cap floor, which is good. Uh, because again, if the Sharks are bad or as we kind of expect, right? Going to be a a bottom tier team again this year and you trade pieces away. And the Sharks have plenty of pieces that teams might be interested in, right? Alex Wenberg, that’s $5 million. Uh John Clingberg, that’s $4 million. Jeff Skinner, that’s $3 million. Maybe a guy like Grunstrom or Dandria or Kersev or, you know, again, like the Sharks have Mario Ferraro, that that’s a lot of potential pieces that the Sharks could trade. Again, I’m not saying the Sharks are going to trade all those, but it just gives you cap flexibility where you can jettison contracts without having to take something back. And especially at the end of the season if you’re trying to open up pathways for some of your young players to play. Taking on a contract is right just another like that’s just another dude you kind of have to worry about. So not to say the Sharks probably won’t take on some bad contracts here and there uh to maybe help sweeten you know the deal but for San Jose it just gives them flexibility where they don’t have to take on bad contracts. It doesn’t have to be a money in money out type of situation for them. Um, and it can be more about getting those sweet sweet assets back. Um, that we kind of expect Mike Greer to do. So, uh, I do kind of like I, you know, this contract thing like it’s it’s a little complicated. I totally get it. But this is and as weird as it sounds, like adding money onto the Sharks cap gives them more flexibility. I know it sounds counterintuitive, but it kind of does because again it like if they don’t have to worry about making hockey trades, they can make more asset trades if that makes sense, right? You don’t that doesn’t have to be a player for player. You can be more focused on picks and prospects, which the Sharks of course clearly want picks and prospects as they continue to go through this rebuild. So, um, a fun exercise I did was really quickly looking at kind of where the Sharks money is kind of being spent, right? Because, you know, they’re at uh, as of right now, they’re at 86 million uh, dollars in in cap, but where is that money kind of being spent? So, I uh, quickly fired I I went full nerd spreadsheet, put everybody’s cap hits in, and and kind of organized them. All right. So, if you’re watching on YouTube, you’ll see the chart here. If not, I will happily explain it for you. Uh, so, um, the Sharks are spending 33.6% of their cap space on their forward group. So, that equates to about $29 million. The next largest tier is their dead cap, uh, which comes up to 28 million. That’s Couttor, Couttor, and Prices Contracts. That’s Hurdle and Carlson uh, retentions. And then that’s the Vic, Martin Jones, and Kenhijav dead caps from the buyouts that they’ve had. Next, they’re spending 28% 28.6% on their defenseman. That’s Olaf, Ley, Clingberg, Ferrar, Lilrand, Darren, Muka, Madulan, and Muk and Dickinson. Um, and then 5.2% on their goalies with the Delkovich and Ascarov. So 28% or sorry, $28 million. 32% almost a third of their entire cap is dead cap space right now. So, um, which is a sneaky little way to kind of, uh, especially when you have so many ELC’s and young players on like who have not earned big contracts, deadcap is the way to hit the cap floor. So, the good thing is a lot of this stuff clears up here over the next couple years, right? the carry price contract uh comes off here, you know, neck off this season. Um Cotor’s got two years uh left. Velic’s got two years. Martin Jones, like everybody’s contracts are kind of coming off uh with the exception of the hurdle retention that 2728 season. So I think that kind of tells you what Mike Greer is thinking about when because you’re bas you know that that’s a lot of money that’s basically going to free up in the 2728 season. So I think it kind of tells you when Mike Greer thinks he’s going to be active. So, the other big thing is unfortunately Greer wasn’t able to offload another contract, which is kind of what I thought he would do would be to try to move another AHL contract um and to open up Michael Misa. So again, the Sharks are currently at 49 contracts um right now, but that doesn’t include Dickinson uh and that doesn’t include Michael Misa who still needs to get signed. That also does include um Leo Salenius who are both all those guys are, you know, Wenius expect is going to be over in the SHL like that contract’s 100% going to slide. So, um I do still expect Misa to get signed at some point here. And again, just as a reminder, his contract, even if he signs, it doesn’t kick in until he plays that 10th game. The same thing with Sam Dickinson, uh where and the same thing with Igor Chernov. All these contracts can slide until next year unless they play 10 NHL games. And I do think Misa out of all those guys, Misa is going to be the first one to hit that. I I 100% believe Misa is going to sign here. So my again my assumption is he gets signed sometime be either this weekend or before um the rookie face off next, you know, next Friday. and then they just kind of play it by ear going into training camp and trade uh somebody one or two of these AHL type of forwards especially because the Sharks do the Barracuda do have a lot of AHL forwards on their roster right now you just trade one of these guys to a some you know a to somebody like whoever is looking for some AHL depth if you got to attach a late round pick whatever future considerations whatever it doesn’t really like getting something back for those. It’s not as important as getting Sam Dickinson and Michael Misa uh in a place to be on the roster. And you know, might like I know there’s people holding out hope that Misa is going to go to college. Like we talked about this recently, but uh if he was going to college, he’d already be on campus. He’s going to sign his ELC at some point here soon. Like just like it’s going to happen. The Sharks want him in camp. They want him uh to make a run for the team. And if he doesn’t make a run for the team, then he can go play in the OHL this year and destroy a bunch of 17 year olds, 16, 17 year olds. And then he can play either on the Sharks from the AHL next year because he’ll have hit four years of uh you know, of service time in the uh OHL or because of the 19-year-old exception that’s going to be going through. So, um, like Misa is going to sign and like I would rather have Misa, even if he doesn’t make the team this year, I’d rather him play in the AHL next year than play college. So, and if he doesn’t make it this year, he’s definitely going to make the Sharks next year. And but I like I think he’s going to make the Sharks. We’ve seen the Sharks be able to navigate young forwards. Uh, look at M Will Smith. I wouldn’t be I’ve said it before and I’ll continue to say it. I think Michael Mis is gonna be on the Will Smith plan of success. I just think he’s gonna go through it much quicker than Will Smith did last year. So anyway, um but yeah, Carrie Price, uh Carrie Price, San Jose Sharks legend. Uh just I do like again I do really hope the the Canadians like ressign him to a one-day contract when this is over and so he can officially retire retire as a Canadian. like it’s it’s it’s weird. It is a little weird. So, but um anyway, that’s going to be it for me today. We’ll be back uh Sunday night most likely unless Mike Reard decides to do something else. Um so, make sure you’re following along wherever you get podcast. And of course, you can watch on YouTube as well. Follow the show on Twitter, Facebook, Instagram, and on Tik Tok at Lockdown Sharks. Follow me on Twitter and Blue Skyfry Hole. Uh until Sunday night. Bye, friends.

The San Jose Sharks make a bold move, acquiring Carey Price’s contract from the Montreal Canadiens. This strategic trade adds $10.5 million to the Sharks’ salary cap while costing only $2 million in actual cash.

JD Young breaks down the intricacies of this deal, explaining how it benefits both teams. The Sharks gain significant cap flexibility, allowing them to stay comfortably above the salary floor even if they make additional trades. For the Canadiens, it’s an opportunity to escape the LTIR situation, which has become less advantageous under new rules.

The host dives into the Sharks’ current cap situation, now at $86,259,168 – about $18 million over the cap floor. This newfound flexibility opens doors for potential trades involving players like Alex Weinberg, John Klingberg, and Jeff Skinner. Young also explores the likelihood of signing prospect Michael Misa and how it might impact the team’s roster.

Tune in to understand how this savvy move by GM Mike Greer could shape the Sharks’ future and what it means for the team’s rebuilding strategy.

Timestamps:
0:00 Intro: Sharks acquire Carey Price’s contract
3:35 Price contract details and benefits for Sharks
7:41 Trade value and comparison to Shea Weber deal
10:18 Sharks’ updated cap situation after trade
13:22 Breakdown of Sharks’ cap allocation by position
16:29 Michael Misa’s contract situation and expectations

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