Erik Karlsson signs 8-year contract extension
Erik Karlsson signs 8-year contract extension with the San Jose Sharks

The San Jose Sharks have kept one of the premier free agents off the market, agreeing with defenseman Erik Karlsson on an eight-year deal for $11.5 million per season, according to multiple reports.

The deal makes Karlsson, 29, the league’s highest paid defenseman, barely surpassing the eight-year, $88 million deal the Kings’ Drew Doughty signed last summer. Per the NHL CBA, the Sharks were the only team that could offer Karlsson eight years; as an unrestricted free agent, another team could only go as high as seven.

The Sharks acquired the six-time All-Star and two-time Norris Trophy winner from the Senators in September. Since he re-signed with San Jose, Ottawa gets a second-round draft pick.

Karlsson had a down year offensively as injuries limited him to 54 games this past season. His three goals were the lowest of his career. His 45 points were the lowest since 2012-13, when he only played 17 games for Ottawa.

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