Inside the NHL’s Biggest Contract Surprises of 2025: Who’s Winning and Losing Big Bucks?

That can change with a max-term extension for Matvei Michkov when the time comes, but until then there’s not enough to love here to move out from the bottom third.

27. San Jose Sharks

Last season: 31st

As expected with one of the league’s worst teams, a lot of folks don’t look like they’ll be good value. San Jose doesn’t have a lot of bad money on the books thanks to a lot of expensive short-term bets, but what the Sharks are paying for isn’t likely to be worth the price. The 38 percent positive value probability is among the league’s lowest, driven mostly by having a lot of poor players. That the Sharks willingly claimed Barclay Goodrow on waivers remains a mystery to this day.

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