The San Jose Sharks are trading star defenseman Erik Karlsson to the Pittsburgh Penguins, according to Daily Faceoff's Frank Seravalli.
Sportsnet's Elliotte Friedman first reported a third team could be roped in to help the Sharks and Penguins maneuver around the salary cap. Karlsson carries an $11.5 million cap hit for 2023-24, while Pittsburgh is projected to be $3.2 million over the cap.
Sheng Peng of San Jose Hockey Now reported Jeff Petry and Mikael Granlund could both be included in Pittsburgh's trade package. Petry would be sent to the Montreal Canadiens rather than staying on the Sharks.