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San Jose Sharks re-sign Patrick Marleau and Joe Pavelski

Jun 24, 2010, 11:49 AM EDT

You can take one talented center off the potential free agent list,
as the San Jose Sharks announced this morning that the team has
re-signed Patrick Marleau and Joe Pavelski. The Sharks, announcing that
the team was moving on with goaltender Evgeni Nabokov, made plenty of
room for themselves to sign the two talented forwards and they needed
every single bit of cap space they could get.

The team hasn’t released the exact financial terms, but it’s being
reported from several sources that Marleau’s contract is worth $6.9
million per season for four years, while Pavelski’s is worth $4 million
per season.

That’s a heft price to pay to keep your top two forwards, yet
obviously this is what the Sharks felt they needed to do to stay
competitive. We’ll have a full breakdown of what these contracts mean
for the Sharks both short and long-term, but right now things aren’t
looking very good: the Sharks now have 14 players under contract and
just $11 million or so left in cap space. That’s nine spots left to
fill, and not a lot of salary space to fill it with.

Between Dany Heatley, Joe Thornton, Dan Boyle and now Patrick Marleau
the Sharks have over $28 million in salary locked up in salary between
four players for next season.

Wow.

Here’s some of the press release.

SAN JOSE – San
Jose Sharks Executive Vice President and General Manager Doug Wilson
announced today that the club has re-signed Group III un-restricted free
agent forward Patrick Marleau and Group II restricted free agent
forward Joe Pavelski to four-year contracts. In keeping with club
policy, financial terms of the deals was not disclosed.

“We are
very pleased that Patty and Joe have committed to this organization now
and in the future,” said Wilson. “They expressed a strong belief in the
direction this franchise is heading but also understand the challenges
to keeping a talented group like ours together.

“Both players had a
tremendous regular season, excelled on the ice for their respective
countries at the Winter Olympics and elevated their game in the Stanley
Cup Playoffs. They have solidified their place in the game among the
League’s top forwards and we are excited as an organization to have Joe
and Patty back in San Jose to build on what we accomplished last
season.”

  1. Lars - Jun 24, 2010 at 12:16 PM

    If the Sharks have any chance they need to shed themselves of Joe Thornton. He is soft and disapears in the big games. Never puts a big hit on an opposing player when his teamates are getting roughed up.Sets the tone for mediocrity on the ice and probably in the locker room. Clearly the most overated player in the NHL

  2. Anonymous - Jun 24, 2010 at 12:29 PM

    another another another test

  3. logic - Jun 24, 2010 at 12:29 PM

    how is patrick marleau worth 6.9 mil a season??

  4. Kevin - Jun 24, 2010 at 12:31 PM

    Lars, Couldnt disagree with you more. Thornton might not get goals but he does everything out there. Sure in the hawks series he was getting clobbered by Bolland, but Thornton sets up that whole offense. Marleau, clowe, heatley all benefit from thornton’s work in the boards, his faceoff percentage, and his presence on the ice. Smart teams know to put a goon on him because if they don’t he runs rampid on the ice, and that’s why it looks like he disappears.
    on a side note I am soooo happy Marleau and pavs will be back. should be able to fill the roster up just fine, plus the cap will probably go up a bit.

  5. Kevin - Jun 24, 2010 at 12:33 PM

    Well he’s arguably the best player in the western conference. definitely tops in the pacific, though thats not saying a whole lot

  6. johnq - Jun 24, 2010 at 2:13 PM

    last time I check over 40 goal scores with rich history in a team are worth a 7 mill contract so clam up about it. Thornton does how up, and did show up this season. He carried them through the detroit series, marleau too. Good move by the sharks here today. They gotta sign malhotra and nichol now.

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