Sharks Sign Dmitry Orlov to $13M Deal, Adding Veteran Leadership Amid Rebuild and Cap Floor Push

Dmitry Orlov
Dmitry Orlov (NHL)

Veteran defenseman Dmitry Orlov has signed a two-year, $13 million contract with the San Jose Sharks as part of the team’s aggressive free agency strategy. Orlov, a Stanley Cup winner with the Washington Capitals, will carry a $6.5 million annual cap hit through the 2026-27 NHL season.

Turning 34 later this month, Orlov brings a wealth of experience to a rebuilding Sharks team that is actively reshaping its roster while trying to meet the league’s salary floor.

Orlov Brings Experience and Stability to Sharks’ Rebuilding, Salary-Floor-Conscious Blue Line

General Manager Mike Grier praised Orlov’s physicality, versatility, and leadership, highlighting his postseason pedigree. Orlov played the past two seasons with the Carolina Hurricanes, where he was a consistent and healthy presence on the ice.

Last season, he logged nearly 20 minutes of ice time per game and posted a +19 rating, contributing six goals and 28 points. His durability and steady performance make him a valuable asset for San Jose’s blue line.

Dmitry Orlov
Dmitry Orlov (NHL)

Orlov’s signing is one of several moves by the Sharks, who were compelled to increase their payroll to reach the NHL’s salary minimum of $70.6 million. The Sharks also claimed defenseman Nick Leddy off waivers from St. Louis and signed veteran John Klingberg to a one-year, $4 million deal. These additions indicate the team’s commitment to adding experience to support their developing roster, especially on defense.

Balancing Cap Requirements While Prioritizing Youth Development in Long-Term Roster Rebuild

Much of the Sharks’ spending this offseason has been driven by the need to meet salary cap requirements. With longtime captain Logan Couture effectively retired due to injury, his contract still contributes to the cap total. Signing experienced defensemen like Orlov, Klingberg, and Leddy helps the Sharks balance their financial obligations while maintaining a competitive edge during their rebuild.

Despite these high-profile additions, Grier emphasized that the Sharks remain focused on their long-term development plan centered around young talent. He noted that the team did not pursue major free agents beyond necessary salary moves.

Among all the new veteran signings, Orlov is the only one with a contract extending beyond 2026, highlighting San Jose’s cautious approach to long-term commitments as they continue to rebuild their roster.