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Sharks sign D Karlsson for 8 years, $92M

(AP Photo/Josie Lepe, File)

SAN JOSE, Calif. (AP) The San Jose Sharks re-signed pending free agent Erik Karlsson to a $92 million, eight-year deal on Monday, turning a one-year rental into a long-term commitment to one of the league's most dynamic defensemen.

Karlsson was eligible to become an unrestricted free agent on July 1 but decided to stay in San Jose, where he will try to win his first championship and the first for a franchise that has reached the conference final five times in the past 15 years without ever winning it all.

"I'm excited to continue the chase for the ultimate prize: the Stanley Cup," Karlsson said in a statement. "Last year was an unbelievable run but we didn't achieve what we set out to do. But the dedication I witnessed from my teammates, coaches, staff and organization showed me that we all have a great future ahead of us, and that we are capable of fighting for that championship year in and year out."

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