Despite Erik Karlsson's remarkable 101-point season, one of the best by a defenseman in recent NHL history, the San Jose Sharks are actively seeking to trade him. The team's motivation stems partly from Karlsson's hefty cap hit of $11,500,000 for the 2023-24 season, comprising $1,000,000 in signing bonuses and $10,500,000 in base salary.
His contract, amounting to $92,000,000, extends from 2019-20 to 2026-27. As of June 16, 2023, the Sharks are working alongside Karlsson to secure a new team for him during the upcoming offseason.