May 22, 2018 | 7:22pm ET
SHARKS, KANE AGREE TO LONG-TERM EXTENSION
Evander Kane, left wing
The San Jose Sharks and left wing Evander Kane have reportedly agreed to terms on a long-term contract extension.
Sportsnet’s Irfaan Gaffar first broke the news on Twitter, suggesting the deal may be in the seven-year range and worth around $49 million.
Kane, 26, was set to become an unrestricted free agent July 1, as his six-year, $31.5 million contract was set to expire.
His average annual value (AAV) will increase from $5.25 million to around $7 million with his new contract.
Hearing the Sharks and Evander Kane have agreed to a long-term contract extension. Numbers may be in the 7-years 7-million per range.— Irfaan Gaffar (@sportsnetirf) May 22, 2018
Acquired from the Buffalo Sabres on Feb. 26, Kane registered nine goals and five assists for 14 points in 17 games with the Sharks after picking up 20 goals and 20 assists in 61 games with the Sabres.
With the Sharks and Kane agreeing to an extension, the Sabres will now receive a 2019 first-round pick instead of a second-round pick, as per terms of the trade agreement.
More details to follow...