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Erik Karlsson re-signs with Sharks for 8 years

SAN JOSE, Calif. — 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.