With the cap going up to 95 next year there's quite a few teams that could offer sheet him hypothetically. Not that I think it'll happen, but if you're trending upwards it's possible.A team will not risk the week where their money is tied up when the Sharks have all the cap space in the world to match. Also not many teams actually have their unprotected 1st, 2nd, 3rd picks and would be willing to risk them. Besides the offer sheet wouldn’t be till the 2026 off season.
Teams treat unprotected 1st like gold (see Askarov) and only teams that have already traded picks for rentals would feel comfortable trading away an unprotected 1st.
The offer sheet leverage is in the 2nd round pick compensation. Very few teams will offer sheet players for 1st round pick compensation.
The only reason the St Louis offer sheets worked is because Edmonton was incompetent and had zero cap space.
The offer sheet range for a 2nd is between 2.3 and 4.5 million so there is less than a zero chance Eklund would ever sign that, and if he does it would be a gift for us to match.
Also, it's not a question of how much cap space the team has. It's a question of how ready Grier is to make a financial commitment to a player. Right now it doesn't seem like he is. In fact, has Grier ever re-signed any of his own players for longer than a year?