Sharks reach contract limit with Petrecki signing
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SAN JOSE - The Sharks have agreed to a one-year contract extension with defenseman Nick Petrecki, the club announced on Wednesday. According to CapGeek.com, the two-way deal for the restricted free agent is worth $107,500 at the AHL level and $715,000 at the NHL level.

Petrecki, a former first round pick (28th overall) in 2007 who has yet to pan out, has played in just one NHL game, making his debut last season when the Sharks were dealing with several injuries to their defense corps.

The deal is notable in that it puts the Sharks at the 50-contract limit, as stipulated by the NHL Collective Bargaining Agreement. If San Jose were to sign veteran forward Anthony Stewart, who is attending training camp on a tryout, it would have to move of one of its current signed players.

Prospect Chris Tierney's contract would "slide" if he's returned to London (OHL), which would potentially open a spot.