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NHL Teams Make Key Moves This Offseason

August 01, 2026

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The San Jose Sharks recently secured forward Collin Graf with a three-year, $12.75 million contract, which carries an average annual value of $4.25 million. Graf, 23, had a breakout season with 21 goals and 25 assists in 81 games, showcasing his value as a strong two-way player and effective penalty killer.

Sharks GM Mike Grier emphasized Graf's importance to the team's improvement and his hard-working attitude. Meanwhile, the Minnesota Wild are in discussions to re-sign star defenseman Quinn Hughes, who is in the final season of his six-year contract with an average annual value of $7.85 million.

Reports indicate that Wild GM Bill Guerin aims to negotiate a long-term deal, ideally before contract lengths are limited to seven years starting September 16. Hughes's potential extension could be a significant financial commitment, as he is expected to seek a raise commensurate with his elite status, potentially even making him one of the highest-paid players in the league.

The Wild have a projected $46 million in salary cap space for the 2027-28 season, but re-signing Hughes could impact their ability to maintain a competitive roster as they also need to address other key players like Ryan Hartman and Blake Coleman who are set to become unrestricted free agents next summer.

These developments are pivotal for both teams as they build their rosters for the upcoming season.

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