Entering the season, it looked like the Sharks would be selling off multiple pieces from an already weak blue line. Four of their seven active names are pending unrestricted free agents, and for a team primed for another losing season, it looked prudent to cut bait on most, if not all of them, for futures.
Past the halfway point of the year, though, San Jose has exceeded all expectations and finds themselves in the thick of the Western Conference playoff race. While they may still look to flip some veteran names that don’t have a long-term future, Mario Ferraro is becoming less likely to be one of them. They’re still listening to calls on him but are “believed to have some interest in retaining Ferraro on a short-term deal,” David Pagnotta of The Fourth Period wrote last week.
That interest is mutual. The Sharks’ improvement in the standings has boosted his interest in sticking around – something Ferraro already said during training camp he was interested in doing, but Pagnotta wonders if he’d be open to a short-term offer with this summer being the 27-year-old’s best shot at a lucrative long-term contract.
Whether those offers would even be there for Ferraro if he hits the open market this summer remains to be seen. He’s been San Jose’s top minute-muncher throughout the rebuild – at least until this season, when their free-agent signing of Dmitry Orlov has bumped Ferraro down to a more comfortable role as their No. 2 lefty.
His results haven’t been great. Per 82 games for his career, the 5’11” rearguard averages 18 points and a -22 rating. Whether that’s a product of his game or his environment is the million-dollar question for teams entering the summer.
AFP Analytics projects Ferraro’s extension at $5.9MM annually for five years. That’s likely longer than the Sharks are willing to go, but they’re in a position to outcompete that AAV by a significant margin. They’ve shown a willingness to go for high-dollar, short-term deals recently, although with Macklin Celebrini and Will Smith needing new deals in the 2027 offseason, that’s likely to fade fast.
Even if both sides were willing to go for a high-dollar, shorter-term deal in the $6-7MM range, it’s fair to question how much that makes sense for San Jose’s depth chart as soon as next season. Orlov will remain in the picture, Pagnotta relays, and youngsters Sam Dickinson and Shakir Mukhamadullin are solid locks for the other two spots on San Jose’s left side. Unless they’re willing to shift Mukhamadullin to his offside longer-term, there isn’t a pressing need to retain Ferraro past this year.
As for what Ferraro’s brought to the table this season, it’s more of the same. His -2 rating is greatly improved, but his possession numbers remain middle-of-the-pack in defensive-minded usage, controlling 43.7% of shot attempts at even strength. He’s also chipped in four goals and 12 points in 50 games while averaging 20:50 of ice time per game, his lowest workload since his rookie season.