The San Jose Sharks have reached five-year contract extension with pending unrestricted free agent Kiefer Sherwood carrying an annual cap hit of $5.75 million.
The deal is worth a total of $28.75 million for Sherwood, who carries a cap hit of just $1.5 million under his current expiring contract. Sherwood’s career earnings to date total less than $8 million.
The move comes after speculation that the Sharks could look to flip Sherwood if they could not reach a new deal.
Sources: Kiefer Sherwood has agreed to a five-year extension with #SJSharks carrying a $5.75M AAV
— Chris Johnston (@reporterchris) March 4, 2026
Speculation around Sherwood’s future seemed to start soon after he was acquired by San Jose from the Vancouver Canucks for defenceman Cole Clayton and two second-round picks in January.
The 30-year-old winger has appeared in just five games with the Sharks, posting a goal and an assist Tuesday against the Montreal for his first points with the team. He had 17 goals and 23 points in 44 games with Vancouver before the trade.
Sherwood posted a career-best 19 goals and 40 points in 78 games last year.
The Sharks remain in the playoff race, sitting three points back of the Seattle Kraken for the final wild-card spot with a game in hand. San Jose is also four points back of the Edmonton for third in the Pacific Division with three games in hand.