The Montreal Canadiens are grappling with salary cap challenges as they aim to finalize their roster for the upcoming season. Currently, they face a $5.42 million overage with only restricted free agent Jayden Struble left to sign. The Canadiens are hoping to avoid using Long-Term Injured Reserve (LTIR) for Carey Price, whose contract, owed a $5.5 million bonus soon, could be a target for trade. Teams like the San Jose Sharks and Pittsburgh Penguins may be interested, particularly as they seek to bolster their rosters without exceeding their own cap limits.

The Penguins are also in a precarious situation, looking to shed contracts for younger talent. Rickard Rakell is a player who may be on the move, with potential suitors including the Detroit Red Wings, Los Angeles Kings, and Seattle Kraken. These teams are in need of forwards or defensemen to enhance their lineups. The Penguins face a steep price for Rakell, especially given the dwindling free-agent market, making trades a likely necessity for contentions.

The San Jose Sharks are actively seeking to bolster their scoring capabilities while managing their defensive roster. Recently, they signed John Klingberg and Dmitry Orlov, and claimed Nick Leddy off waivers to strengthen their backline. However, reports indicate that they are still on the hunt for a top-six forward. The team had shown interest in Nic Hague before his trade to the Nashville Predators and is now eyeing Bowen Byram as a potential target.

Looking to make strategic trades, the Sharks are considering moving defensemen Timothy Liljegren, Henry Thrun, or Mario Ferraro, with the latter possessing increased trade value closer to the deadline. Ferraro's name has been circulating in trade rumors for the past couple of seasons, and it seems the Sharks may wait for the right opportunity to leverage his value for offensive reinforcements. Meanwhile, other teams, including the Buffalo Sabres, are also in need of skilled forwards as the market for available players tightens.

Haoxi “Simon” Wang, a 17-year-old defenseman from Beijing, made history as the highest drafted Chinese-born player in NHL history when the San Jose Sharks selected him 33rd overall. Wang's achievement marks a significant milestone for hockey in China, as he is only the third player from the country to be drafted into the NHL, leading the way for future prospects. With impressive statistics from his time in the Ontario Hockey League and a hopeful outlook for his development, Wang aims to inspire young hockey players back home.

At 6-foot-6 and weighing 220 pounds, Wang's physical presence on the ice, combined with his talents, has garnered attention from scouts. After being drafted, he plans to continue honing his skills with the Oshawa Generals before heading to Boston University in the 2026-27 season. The Sharks will closely monitor his progress, preparing him for a future NHL debut.

Nikolaj Ehlers has signed a six-year, $51 million contract with the Carolina Hurricanes, marking a significant move in the NHL free agency landscape. The speedy winger, who previously played for Winnipeg, was the top free agent in the market and will carry an $8.5 million cap hit until 2031. Ehlers joins a team that has made the playoffs for seven consecutive seasons, boasting a strong offensive core that could greatly benefit from his skills.

In other news, veteran Dmitry Orlov has signed with the San Jose Sharks for two years at $13 million, bolstering their defense. Orlov, who won a Stanley Cup with Washington, brings experience to a Sharks team that is reshaping after recent struggles. Meanwhile, Brent Burns has taken his talents to Colorado with a one-year contract, continuing his storied career as he approaches 22 seasons in the league.

Dmitry Orlov has signed with the San Jose Sharks, bolstering their defensive lineup in a significant move during free agency. The two-year contract, valued at $13 million, adds a veteran presence to a team that needed to hit the salary floor following injuries affecting key players like captain Logan Couture. Orlov, a Stanley Cup champion with the Washington Capitals, brings experience from his recent tenure in Carolina. The Sharks have also picked up Nick Leddy through waivers, further strengthening their blue line alongside John Klingberg.

San Jose's general manager Mike Grier has indicated a strategic approach to this offseason, focusing on filling their roster with experienced players while managing salary cap constraints. The addition of Orlov and other veterans like Klingberg presents an interesting dynamic as the Sharks transition into a new era, aiming to achieve a balance between experience and youth development.