KARLSSON TRADE specifics

Sharks receive: A 2024 first-round draft pick (top-10 protected), forward Mikael Granlund and defenseman Jan Rutta from Pittsburgh, and forward Mike Hoffman from Montreal.

Penguins receive: Defenseman Erik Karlsson, forward Dillon Hamaliuk and a 2026 third-round draft pick from the Sharks and forward Rem Pitlick from Montreal.

Canadiens receive: A 2025 second-round draft pick, defenseman Jeff Petry, goaltender Casey DeSmith and forward Nathan Legare from Pittsburgh.

Details: Sharks retain $1.5 million of Karlsson’s $11.5 million contract annually for the next four seasons (approximately 13.04%). If Pittsburgh’s 2024 first-round pick is in the top 10, Pittsburgh can transfer pick to its 2025 first-round selection. Penguins are retaining $1.5625 million (25 percent) of Petry’s $6.25 million annual salary cap hit.