Celebrini signs record five-year Sharks extension

San Jose Sharks center Macklin Celebrini sealed a five-year, $94 million contract extension that kicks in starting in the 2027-28 season, with an average annual value around $18.5–$18.8 million, which would make him one of the league’s highest-paid players by AAV. Celebrini opted to take less than the maximum 20% of the salary cap to preserve roster flexibility and help the team remain competitive as it rebuilds around him. Both sides emphasized the importance of cap space and long-term team-building, highlighting Celebrini’s desire to ensure everyone can be paid and that the Sharks can sign additional players as the cap evolves. The Sharks currently have limited cap space in 2026-27 but expect a substantial amount of room in the following season, allowing room to address other roster needs as they pursue a playoff return. On a personal note, Celebrini recently moved into a house with teammate Will Smith, continuing to blend a high-profile professional path with close friendships formed since their NHL debuts. Celebrini’s extension positions him to lead the franchise through its rebuild and potentially become the league’s preeminent star for years to come, while the Sharks hope the deal provides the flexibility needed to attract further talent.