Overview

• The Sharks acquired Ryan Ellis and a conditional 2026 sixth-round pick from the Flyers for Carl Grundstrom and Artem Guryev.
• San Jose is expected to place Ellis, who has not played since November 2021 due to a torn psoas/back injury, on long-term injured reserve.
• The pick condition gives San Jose the earlier of Philadelphia’s or Columbus’ 2026 sixth-round selections currently held by the Flyers.
• Philadelphia placed Grundstrom on waivers shortly after the trade, positioning the club to bury his cap hit in the AHL if he clears.
• The deal leaves the Flyers with over $7 million in cap space and the ability to accrue room in-season, while the Sharks’ contract count drops to 48, creating flexibility to keep prospects such as Michael Misa and Sam Dickinson.