Overview

• San Jose acquired Ryan Ellis and a conditional 2026 sixth-round pick from Philadelphia for Carl Grundstrom and Artem Guryev, with the pick being the earlier of the Flyers’ or Blue Jackets’ sixth-round selections.
• Ellis, 34, has not played since November 2021 due to a torn psoas/back injury and is expected to be placed on long-term injured reserve as the Sharks take on the final two years of his $6.25 million AAV deal.
• The Flyers’ immediate cap reduction is reported at about $4.45 million, leaving over $7 million in space and allowing them to bank cap room rather than rely on LTIR.
• Philadelphia placed Grundstrom on waivers shortly after the trade, opening the option to assign him to the AHL where his $1.8 million cap hit would count at roughly $650,000 if buried.
• By sending Guryev, the Sharks reduced their contract total to 48, providing roster flexibility that could help keep prospects such as Michael Misa and Sam Dickinson on the NHL roster.