The Sharks have signed unrestricted free agent defenseman Paul Martin to a four-year contract, a league source confirmed to CSNCalifornia.com.
The deal is worth $19.4 million, for a salary cap hit of $4.85 million annually. Martin just completed a five-year, $25 million deal in Pittsburgh.
The signing was first reported by ESPN.
In 697 career games, Martin has 43 goals and 272 points for the Devils and Penguins. Last year in Pittsburgh, the 34-year-old posted 3 goals and 20 points with a +17 rating in 74 games while averaging 22:47 a night, the second-most among Penguins defensemen.
The 6-foot-1, 200-pounder was originally drafted in the third round by New Jersey in the 2000 draft. A Minneapolis native, Martin has competed in the Stanley Cup playoffs for 11 straight seasons, with 5 goals and 40 points in 85 games for the Devils and Penguins.
A left-handed shot, Martin fills one of at least two holes on the Sharks’ blue line. Defenseman Matt Irwin is likely to leave San Jose as an unrestricted free agent, while Scott Hannan will not return.
"Paul is versatile, puck-moving veteran who enhances our younger group of talented defensemen," Sharks general manager Doug Wilson said in a statement. "He comes from a winning environment, is capable of playing heavy minutes and is accustomed to playing with high-end players. He was a player that we had targeted and this is a place that Paul wanted to come play."
It was known that the Sharks were looking to add to their defense corps. The team was believed to be interested in Cody Franson, who is still a free agent, while a trade for Vancouver's Kevin Bieksa fell through at the NHL draft. Bieksa ended up with the Anaheim Ducks.