Larry Bird, Steve Kerr, others pay tribute to Hall of Famer Oscar Schmidt after Brazilian icon dies at 68
Oscar Schmidt, the Brazilian basketball icon, has died at 68, leaving a legacy of greatness.
Macklin Celebrini, a standout 19-year-old player for the San Jose Sharks, is expected to enter contract extension talks this summer. Insider Elliotte Friedman suggests a three or five-year deal is likely, as a long-term agreement may not be favored by Celebrini's camp.
The San Jose Sharks have one of the best players in the NHL right now in 19-year-old Macklin Celebrini. Coming off a record-breaking season where he nearly carried the team into the playoffs, it appears the phenom will get rewarded with a new deal this summer.
On the latest episode of Sportsnet’s 32 Thoughts, insider Elliotte Friedman said San Jose will be proactive regarding extension talks with Celebrini once he’s eligible. He does not anticipate Celebrini’s camp being on board with a long-term deal for seven to eight years, but a four-year deal is also unlikely.
Related: Agents Reveal Potential Cost of Macklin Celebrini Contract Extension
Friedman went on to note that an extension could be for three or five years. A three-year extension would lead up to the final year before Celebrini is an unrestricted free agent. Alternatively, a five-year contract would effectively buy out the first year he’s eligible for NHL free agency as an unrestricted free agent.
What the two sides must figure out is how to strike the right balance between giving Celebrini a salary that reflects his value to the franchise while also having it at a point that allows the front office to build a great team around the face of the franchise.
Related: Why Macklin Celebrini Deserves the Hart Trophy
Based on informed speculation from agents who spoke to The Athletic, a three-year extension could land anywhere in the ballpark of $10 million to $12 million per season. If the two sides could agree to a five-year pact, then the average annual value of said deal could be closer to $14 million to $15 million.
Macklin Celebrini is likely to sign a three or five-year contract extension with the San Jose Sharks.
Macklin Celebrini will be eligible for a contract extension this summer.
Macklin Celebrini has a cap hit of $975,000 and will be a restricted free agent in 2027.
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At the very least, a contract extension seems likely to happen sometime this summer after Celebrini is first eligible on July 1. Once that matter is settled, the Sharks will have a much clearer picture of their long-term financial flexibility and how they can go about strengthening their defense in the years to come.
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