UPDATE (Tuesday at 1 p.m.) -- The Sharks have officially re-signed defenseman Brenden Dillon to a five-year contract, the team announed Tuesday afternoon.
"Brenden is an important part of this team going forward and we look forward to him playing an integral role on our blueline for years to come," GM Doug Wilson said in a statement. "He's a great fit for our organization now and for the future and we're excited to watch him blossom here in San Jose."
The Sharks have agreed to a five-year, $16.35 million contract extension with defenseman Brenden Dillon, his agent confirmed to CSNCalifornia.com on Monday.
ESPN originally reported the news.
“Both sides are extremely happy. Brenden wishes the season started tomorrow,” agent Jarrett Bousquet said.
The Sharks are expected to officially announce the news on Tuesday.
Dillon’s contract is worth an average annual value of $3.27 million. The breakdown is as follows: $1.9 million in 2015-16 (with a $500,000 signing bonus); $2.75 million in 2016-17; $3.4 million in 2017-18, and $3.9 million in 2018-19 and 2019-20. It does not include any sort of no-trade or no-movement clause.
The 24-year-old was a pending restricted free agent.
Dillon was acquired by San Jose from Dallas on Nov. 21, 2014, in exchange for defenseman Jason Demers and a third round pick in 2016. The Sharks retained $1.19 million of Demers’ salary in the trade.
In 60 games with the Sharks, the 6-foot-3, 225-pound Dillon had 2 goals and 7 assists for 9 points and 54 penalty minutes. He has 35 points (11g, 24a) and 228 penalty minutes in 209 career NHL games with San Jose and Dallas.
Now that the Sharks have agreed to terms with Dillon and Melker Karlsson, the club has approximately $12.8 million of salary cap space. Unrestricted free agency begins on Wednesday.