Fresh off his first goal since the trade, Kiefer Sherwood is expected to sign a five-year extension with the San Jose Sharks.

First reported by Pierre LeBrun of The Athletic, the Sharks and Sherwood’s camp made progress on a possible extension. Multiple reports followed, saying he was no longer on the trade market. Elliotte Friedman reports it will be for five years, with an average annual value just under $6 million.

The San Jose Sharks have not officially announced the deal, but early reports from trusted sources suggest it is close. TSN’s Chris Johnston says the deal is worth $5.75 million annually. The deal also includes signing bonuses and trade protection.

Sherwood’s new deal includes signing bonus payments in the first four years and some trade protection.

— Chris Johnston (@reporterchris) March 4, 2026

Per SHD’s sources, Mike Grier knew the extension price when he made the trade. Given Sherwood’s injury and the Olympic break, there was time to figure out if the former Vancouver Canucks winger was the right fit. On paper, Sherwood matched what the Sharks needed.

After five games, the Sharks seem to have found a good spot for Sherwood on a line with Alexander Wennberg and Philipp Kurashev. Kurashev showed great poise in his primary assist to Sherwood in the game-winning goal over the Montreal Canadiens on Tuesday.

After the morning skate on Tuesday, Sherwood spoke to reporters about his desire to stay in San Jose.

Postgame, Sherwood was asked about what it meant to score his first goal for the San Jose Sharks.

“It’s just about playing the right way and doing little things right,” Sherwood said. “Try not to judge based on results, and focus on adding to the identity and bringing energy to our team.”

At 30, Sherwood is a late bloomer by NHL standards. A career bubble player between the AHL and the NHL until the 2023-24 season. The Sharks winger found his scoring touch in Vancouver, scoring a career-high 19 goals in 78 games last season.

Despite missing time with his injury, Sherwood should become a 20-goal scorer for the first time in his career. Last night’s goal was the 18th of the season, in just 49 games played.

With his skating, forechecking, and now scoring ability, the 2026 off-season was the first and maybe only chance Sherwood would’ve had to cash in. The Sharks didn’t want to let him reach free agency and traded two second-round picks to the Canucks, and now have extended him. Sherwood will be a feature in the Sharks’ hopeful Stanley Cup Playoff lineup for many years.