Value of: Erik Karlsson at the draft

Fourier

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He’s already said multiple times that he’s not going to ask for a trade. He’s said he wants to win but also that he likes what SJ is building and wants to be around it.

That’s the thing with this. Everyone is telling us what EK is going to do and how we would be lucky to get shit for him but none of that is close to true.
I would be more than happy to see EK stay in SJ if that is what he wants. I'd also love to see where he has expressed a commitment to stay. This is basically what has been reported.

San Jose Sharks’ Erik Karlsson disappointed with Timo Meier trade:

ne of the biggest dominoes of this season’s trade window fell on Sunday when the San Jose Sharks traded Timo Meier to the New Jersey Devils in a multiplayer deal.

While Devils fans will be thrilled with the trade, not everyone in San Jose is quite so happy. Sharks star defenseman Erik Karlsson is concerned with what Meier’s departure means for San Jose’s future.

Karlsson seems to think that by trading Meier, the Sharks are committing to a long rebuild. At 32, the two-time Norris Trophy winner is unlikely to see such a project through.

“I don’t think that shows that this is going to be a quick turnaround,’ Karlsson said of the trade. “It just sucks that it happened to be where I’m at this stage in my career.”

He did say

Erik Karlsson on his immediate future: "I think it would be weird if (Mike Grier) comes to me with three days left and asked me to waive my no-move. We've had plenty of time for that if that was the case so I'm not too worried about it. I'm just here to play hockey."


— Corey Masisak (@cmasisak22) February 27, 2023

Not exactly a ringing endorsement but if you have an update that shows he is committed to the rebuild I'd be very happy to see it.
 

Sidgeni Malkby

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If he was a UFA he’d EASILY get the contract he has now and anyone saying otherwise is lying to themselves. If Sharks are retaining 50% they better be getting a top 5 leaguewide prospect or there’s no reason for them to do it.
Cale Makar has a cap hit of $9M. A 33 year old UFA Karlsson won't get more than Makar, but that's me.

You have to remember his prior cap hit was due to his stud D in the playoffs his final year with Ottawa. He was the single reason they made it that far, and SJ thought he would bring that playoff domination to them. That didn't happen, so here we are.

After 4 subpar seasons with SJ, he has a single stalwart season, and you expect teams to bend over backward for him? Doesn't work like that.
 

Pinkfloyd

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Asking for the Oilers to make trades in advance makes the deal significantly more complicated. Moreover, it really makes no sense for the Oilers to trade Cecis and Kulak in the hope of doing something to get Karlsson. If that deal fell through it would be a disaster. Moreover, the Sharks would have the luxury to wait until each defenseman's value could be maximized which the Oilers could not. But it does not matter since as I said, my guess is that the Oilers are out.

As far as risk of a player having a bad year, that risk is substantially greater with Karlsson than with Ceci. Ceci would not be getting traded after having a generational season. Karlsson is. He could regress to a 60 point defenseman next year and his value might be non-existent without massive retention. If Ceci regresses to his last three year low he might go from 2 seconds to 1 second and a late round pick. .
The deal is going to be complicated and that aspect is likely part of it. It wouldn't be the first time that a team put together a side deal contingent on another deal getting done. The Oilers getting some value back on guys they're replacing seems normal to me as part of offseason turnover. I don't think the risk on Karlsson really makes much of a difference. If you haven't noticed, talk has centered around them trading Karlsson with heavy retention even with him having a career season. There are still people out there saying he'll go nowhere because of the contract. Even if Karlsson regressed to a 60 point defenseman, there will still be people who would view him as an upgrade to what they have and would need to figure out what cap hit makes it work for them like they're going to do this offseason. I think Ceci in San Jose can regress much harder than what you're suggesting because the Sharks were already the team with the fewest or close to it with Karlsson being the offense. What happens when he's gone on top of Timo Meier being gone? They have Hertl, Couture, and then a bunch of plugs and kids having to step into roles likely above their current capabilities. Ceci isn't stemming that tide. Either he or Benning would be playing top pairing minutes with Vlasic or Ferraro or a kid like Thrun or Muk and it's not going to be pretty. I can't imagine any team wanting Ceci at 3.25 mil after being left to fend for himself a year in San Jose. Karlsson's trade value from this offseason to next is probably a 1st round pick's worth. Karlsson is still a well-proven commodity on a winning club.
 

Hale The Villain

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If the Sharks are willing to take on Campbell's contract, easy to see a deal worked out with the Oilers in the off-season.
 
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SirloinUB

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Seeing how he just scored 100 points, it's definitely grasping at straws to call him that. That's like calling Gretzky a 90 goal scorer.

It's laughable really.
The thing is, like Gretzky scoring 90, I'm not expecting Karlsson to score 100 ever again.

Great player though. As a fan of rebuilding team myself, at least you'll get to watch Karlsson's excellence as you navigate some down years.
 

SupremeTeam16

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If the Sharks are willing to take on Campbell's contract, easy to see a deal worked out with the Oilers in the off-season.
Can’t see SJ doing that without significant value added from the Oilers which I doubt they’d be willing to do at this point.

I think the Karlsson to Edmonton ship has long since sailed. It was a long shot before the deadline but the addition of Ekholm likely reduces Edmonton interest but also increases the difficulty to make a deal from a cap perspective.
 
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Fourier

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The deal is going to be complicated and that aspect is likely part of it. It wouldn't be the first time that a team put together a side deal contingent on another deal getting done. The Oilers getting some value back on guys they're replacing seems normal to me as part of offseason turnover. I don't think the risk on Karlsson really makes much of a difference. If you haven't noticed, talk has centered around them trading Karlsson with heavy retention even with him having a career season. There are still people out there saying he'll go nowhere because of the contract. Even if Karlsson regressed to a 60 point defenseman, there will still be people who would view him as an upgrade to what they have and would need to figure out what cap hit makes it work for them like they're going to do this offseason. I think Ceci in San Jose can regress much harder than what you're suggesting because the Sharks were already the team with the fewest or close to it with Karlsson being the offense. What happens when he's gone on top of Timo Meier being gone? They have Hertl, Couture, and then a bunch of plugs and kids having to step into roles likely above their current capabilities. Ceci isn't stemming that tide. Either he or Benning would be playing top pairing minutes with Vlasic or Ferraro or a kid like Thrun or Muk and it's not going to be pretty. I can't imagine any team wanting Ceci at 3.25 mil after being left to fend for himself a year in San Jose. Karlsson's trade value from this offseason to next is probably a 1st round pick's worth. Karlsson is still a well-proven commodity on a winning club.
It certainly complicates the trade from the Oilers perspective. It's a timing issue. They would need trades for Ceci and Kulak in place at the same time they made the deal for Karlsson. Holland has not shown he is up to this sort of thing. Even if it is this off season, it would be a much easier deal if the Sharks handled the Ceci trade on their end since it would give them additional flexibility in timing.
 

Golden_Jet

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Cale Makar has a cap hit of $9M. A 33 year old UFA Karlsson won't get more than Makar, but that's me.

You have to remember his prior cap hit was due to his stud D in the playoffs his final year with Ottawa. He was the single reason they made it that far, and SJ thought he would bring that playoff domination to them. That didn't happen, so here we are.

After 4 subpar seasons with SJ, he has a single stalwart season, and you expect teams to bend over backward for him? Doesn't work like that.
His prior cap hit started 5 years before his lights out playoffs, and ran 2 years after that, so sounds like your misremembering.
 

Beukeboom Fan

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Now that the season has concluded, what would you(r team) offer up for the Century Man™? At this stage of his career, Karlsson is looking to go to a contending franchise, and this does not fit the timeline for a "retool" with the Sharks. Assumedly, GMMG would be looking for prospects and/or picks as the centerpiece of any deal. It's understood that his injury history, as well as a full NMC, will possibly affect the assets being offered in return. Offers may include retention or cap dumps, but this should also reflected in the returning value. May the best offer prevail!

He had 100 points. Ceci and Kulak offer nothing to us. The offer was a late first and a B prospect for the best defenseman in the league who just had the best season of any defenseman in the last 30 years AND we had to pay him 3.5M to not play for us. That’s shit.

And for the record I agree with your overall point. I literally said to add another first or good prospect for SJ to take 2 cap dumps and retain. Now we wouldn’t retain 3.5M without a team making it worth our while which this offer does not do in the slightest.

Oh yes because we should be lining up to pay a team to take Karlsson. Brilliant post. Again the offer was two cap dumps, a B prospect, and a late first in a not great draft for again the best defenseman in the league who just had the best season of any defenseman in the last 30 years AND we had to pay him 3.5M to not play for us. Stupid offer. That’s like me saying give me Nuge for NJD 1st, Bordeleau, Labanc, and Benning. Stupid post. Even then I think my offer is better than that shitty Karlsson one.
Not sure if you realize that Karlsson is owed essentially $40M over the next 4 years? He's obviously had an EPIC season, but with his injury history it's an ENORMOUS risk for the acquiring team. I doubt that any team would be willing to set his value based on his amazing season, which is why I think he'll be in SJ for the forseeable future.
 

Pinkfloyd

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It certainly complicates the trade from the Oilers perspective. It's a timing issue. They would need trades for Ceci and Kulak in place at the same time they made the deal for Karlsson. Holland has not shown he is up to this sort of thing. Even if it is this off season, it would be a much easier deal if the Sharks handled the Ceci trade on their end since it would give them additional flexibility in timing.
I get that from the Oilers perspective but it's already asking a lot from the Sharks to retain what Edmonton is probably going to want to make this work (likely in the 3-4 mil per year area) and then ask us to handle Ceci's trade value after the fact. If the other particulars in the deal are enough then I wouldn't worry but you're talking about Karlsson's value as a player plus the retention ask that is in the neighborhood of two to three 1st round picks. Some of this is also dependent on whether Campbell either has San Jose on his 10 team no-trade list or if he's willing to waive. I think a lot of the issues around Karlsson going to Edmonton can be alleviated by Campbell's availability to come here because then the Oilers don't have to have such a heavy retention ask which would lower the cost significantly.

Personally, I'd take three first round pick level assets from Edmonton for Karlsson while taking on practically all of your cap issues. Campbell, Foegele, Yamamoto, Ceci, and Kulak plus those three 1st round pick asks for Karlsson either at full value or the 18% originally reported on. Karlsson at 9.5 mil for cap that equals close to 17 mil. If you wanted to keep someone like Kulak because he's still fine relative to his cap, that can be done with likely no changes being necessary on the Sharks end. You're still moving out 14 mil while alleviating the issue that comes with an overpaid backup goalie.

But look at all those pieces involved. You can't avoid it being complicated. This will largely depend on what any acquiring team landing Karlsson wants to accomplish in doing so in terms of his cap figure and what they want to move out as part of it. Sharks are likely willing to work with teams significantly on these fronts. You just have to pay in futures to the level being asked which is probably three assets give or take.
 

Pinkfloyd

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Not sure if you realize that Karlsson is owed essentially $40M over the next 4 years? He's obviously had an EPIC season, but with his injury history it's an ENORMOUS risk for the acquiring team. I doubt that any team would be willing to set his value based on his amazing season, which is why I think he'll be in SJ for the forseeable future.
39 mil for four years of Karlsson is the full price. It is very unlikely any team acquiring him is going to be paying that price. The 18% retention number would put that number to about 32 mil over four years that the acquiring team will pay. I don't know how anyone would say that isn't worth what EK65 brings to the ice. His injury risk at this point is being exaggerated. He was healthy coming into this year, through the season, and at the end of it. He wasn't healthy for the previous three seasons but he played in 83% of the team's games the past four seasons. That's about 68 games in an 82 game season where some of those injuries he suffered he sat because the team was already done and nothing could be accomplished by him sticking it out. At least one of them, he would have stuck it out if they were competitive. You don't have to set his value on this season alone but you do have to account for it. He's probably a 60-70 point defenseman minimum on a playoff team. When they tilt the game like Karlsson does, they're worth a premium.
 

Fourier

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I get that from the Oilers perspective but it's already asking a lot from the Sharks to retain what Edmonton is probably going to want to make this work (likely in the 3-4 mil per year area) and then ask us to handle Ceci's trade value after the fact. If the other particulars in the deal are enough then I wouldn't worry but you're talking about Karlsson's value as a player plus the retention ask that is in the neighborhood of two to three 1st round picks. Some of this is also dependent on whether Campbell either has San Jose on his 10 team no-trade list or if he's willing to waive. I think a lot of the issues around Karlsson going to Edmonton can be alleviated by Campbell's availability to come here because then the Oilers don't have to have such a heavy retention ask which would lower the cost significantly.

Personally, I'd take three first round pick level assets from Edmonton for Karlsson while taking on practically all of your cap issues. Campbell, Foegele, Yamamoto, Ceci, and Kulak plus those three 1st round pick asks for Karlsson either at full value or the 18% originally reported on. Karlsson at 9.5 mil for cap that equals close to 17 mil. If you wanted to keep someone like Kulak because he's still fine relative to his cap, that can be done with likely no changes being necessary on the Sharks end. You're still moving out 14 mil while alleviating the issue that comes with an overpaid backup goalie.

But look at all those pieces involved. You can't avoid it being complicated. This will largely depend on what any acquiring team landing Karlsson wants to accomplish in doing so in terms of his cap figure and what they want to move out as part of it. Sharks are likely willing to work with teams significantly on these fronts. You just have to pay in futures to the level being asked which is probably three assets give or take.
IF SJ was willing to take on Campbell, Yamamoto, Ceci and Kulak (keep Foegele) for the equivalent of three first with 18% retention I think that is a definitely something the Oilers would have to think carefully about . But you have a poster here who thinks a 1st plus Bourgault for Campbell at full cap is bad for the Sharks. These two positions are not compatible. Depending on what Bouchard gets and what happens with the cap the Oilers could do very well with this trade. (The only concern would be that if the cap only goes up by $1M and Bouchard gets $4M or more this would be very tight to fit in.0 But I'd be really surprised if this happened and that the suggestion would come from a Sharks fan.
 

Patty Ice

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The thing is, like Gretzky scoring 90, I'm not expecting Karlsson to score 100 ever again.

Great player though. As a fan of rebuilding team myself, at least you'll get to watch Karlsson's excellence as you navigate some down years.

Doesn't change the FACT that both accomplished those milestones.
 

TheWayToRefJose

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I would be more than happy to see EK stay in SJ if that is what he wants. I'd also love to see where he has expressed a commitment to stay. This is basically what has been reported.

San Jose Sharks’ Erik Karlsson disappointed with Timo Meier trade:



He did say



Not exactly a ringing endorsement but if you have an update that shows he is committed to the rebuild I'd be very happy to see it.
His exit interview was a little different. Sounded more like a neutral stance and he’s not worrying about things out of his control. Doesn’t sound like he’s going to ask to be traded, but wouldn’t be against getting traded either.

“At the same time, I do enjoy it here. I like it here. I always have. We’ll see where it all lines up. Those are things that are kind of not in my hands.

I’m never going to shy away from the fact that I play this game to win. That’s always going to be my No. 1 priority. We’ll see where it goes, but I know that things here are going in the right direction. I know that the future is going to be really good here. When that is, we can’t predict that, unfortunately, and those are things that I don’t really control and can’t do very much about right now.”
 

Hale The Villain

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I can't see Karlsson returning what his quality of play this season would suggest he should for the following reasons:

1. He's one season removed from being considered one of the worst contracts in the league, as his play in 2020/21 and 2021/22 was nowhere close to what it would need to be to justify his 11.5M cap hit.

2. He has injury issues and missed 30 games ever year in San Jose before this season. Hard to see that getting better as he gets older and his body has more miles put on it.

3. The value of offensive D is lower than ever due to the new PP set up that only requires 1 to run the powerplay - most teams already have a PP QB and won't want to demote their existing PP QB to the 2nd unit.

4. He has a full NMC and has the ability to veto a trade to a non-preferred destination, which can severely limit the return if EK only wants to go to a particular destination or two (see Kane's return for Chicago as an example)

The Sharks aren't being forced to trade him and have the option to keep him should they decide to, but they'd be extremely stupid to hold onto him and his contract during a rebuild/re-tool.

If he regresses he'll go back to being an albatross contract no one wants, but even if he maintains his stellar play that's not great for them either. Keeping a Norris-worthy D during a rebuild will win them more games and cause their draft pick to be worse off. Had they traded EK earlier in the year they almost certainly would have finished in last place and been guaranteed a top talent. Something similar could happen next year if they hold onto him.

IMO the ask of multiple 1st round picks or similarly-valued assets is unreasonable unless there's significant retention on his contract or there are bad contracts heading back the Sharks way.
 

Pinkfloyd

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IF SJ was willing to take on Campbell, Yamamoto, Ceci and Kulak (keep Foegele) for the equivalent of three first with 18% retention I think that is a definitely something the Oilers would have to think carefully about . But you have a poster here who thinks a 1st plus Bourgault for Campbell at full cap is bad for the Sharks. These two positions are not compatible. Depending on what Bouchard gets and what happens with the cap the Oilers could do very well with this trade. (The only concern would be that if the cap only goes up by $1M and Bouchard gets $4M or more this would be very tight to fit in.0 But I'd be really surprised if this happened and that the suggestion would come from a Sharks fan.
Well, two people having two different opinions on player value doesn't really mean much, does it? Having the opinion that Bourgault, Campbell, and a 1st for Karlsson is bad for the Sharks is a defensible take. There isn't much being added to their rebuild with the deal and the biggest asset acquired there being cap space isn't something the Sharks have a dire need for when they're rebuilding. I'm pretty flexible with the return on here because I feel like the goal is to get something done this offseason. So everyone is going to have an assorted amount of potential parameters to a deal like this. The Sharks are capable of being flexible. They don't have specific needs financially that I'm aware of and they need everything they can get their hands on when it comes to young NHL level talent. I think the Sharks will look to strike a balance of saving cap dollars and young talent coming their way here but that balance likely will be leaning towards younger talent.
 

Fourier

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His exit interview was a little different. Sounded more like a neutral stance and he’s not worrying about things out of his control. Doesn’t sound like he’s going to ask to be traded, but wouldn’t be against getting traded either.

“At the same time, I do enjoy it here. I like it here. I always have. We’ll see where it all lines up. Those are things that are kind of not in my hands.

I’m never going to shy away from the fact that I play this game to win. That’s always going to be my No. 1 priority. We’ll see where it goes, but I know that things here are going in the right direction. I know that the future is going to be really good here. When that is, we can’t predict that, unfortunately, and those are things that I don’t really control and can’t do very much about right now.”
Thanks. Neutral is pretty much a good description for this.
 

Fourier

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Well, two people having two different opinions on player value doesn't really mean much, does it? Having the opinion that Bourgault, Campbell, and a 1st for Karlsson is bad for the Sharks is a defensible take. There isn't much being added to their rebuild with the deal and the biggest asset acquired there being cap space isn't something the Sharks have a dire need for when they're rebuilding. I'm pretty flexible with the return on here because I feel like the goal is to get something done this offseason. So everyone is going to have an assorted amount of potential parameters to a deal like this. The Sharks are capable of being flexible. They don't have specific needs financially that I'm aware of and they need everything they can get their hands on when it comes to young NHL level talent. I think the Sharks will look to strike a balance of saving cap dollars and young talent coming their way here but that balance likely will be leaning towards younger talent.
I have no issue with concern over Bourgault, Campbell and a 1st given Campbell's $5M cap. My issue was thinking that Bourgault and a 1st was not even enough as a starting price for an unretained Karlsson.
 

Pinkfloyd

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I have no issue with concern over Bourgault, Campbell and a 1st given Campbell's $5M cap. My issue was thinking that Bourgault and a 1st was not even enough as a starting price for an unretained Karlsson.
It depends on how many teams have interest. I tend to believe that other teams expressing even mild interest would probably put forward a package that includes more for their rebuild than Bourgault and a late 1st next year. I get that the unretained portion of things is a point of contention for you here but the Sharks don't need to trade Karlsson without retention. If they could and got the sort of return they'd want then yeah but I think they're going to choose to increase the return by retaining here to make it seem worth it for them.
 

Fourier

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It depends on how many teams have interest. I tend to believe that other teams expressing even mild interest would probably put forward a package that includes more for their rebuild than Bourgault and a late 1st next year. I get that the unretained portion of things is a point of contention for you here but the Sharks don't need to trade Karlsson without retention. If they could and got the sort of return they'd want then yeah but I think they're going to choose to increase the return by retaining here to make it seem worth it for them.
Bourgault and a 1st is pretty much as good as the package that the Oilers traded for Ekholm and it would be close to the package Arizona got for Chychrun unless that conditional 2nd round pick becomes a first which is very unlikely (maybe shy by a late 2nd or a 3rd). In the Oliers case it is not obvious they would trade Ekholm for Karlsson straight up at equal cap hits given team needs. But the extra $5.5M in cap space makes it obvious.
 

Pinkfloyd

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Bourgault and a 1st is pretty much as good as the package that the Oilers traded for Ekholm and it would be close to the package Arizona got for Chychrun unless that conditional 2nd round pick becomes a first which is very unlikely (maybe shy by a late 2nd or a 3rd). In the Oliers case it is not obvious they would trade Ekholm for Karlsson straight up at equal cap hits given team needs. But the extra $5.5M in cap space makes it obvious.
I would consider Karlsson more valuable than either Chychrun or Ekholm.
 

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