The Sharks traded goaltender Mackenzie Blackwood, forward Givani Smith, and a 2027 fifth-round pick to the Avalanche in exchange for Alexandar Georgiev and Nikolai Kovalenko.
The Avalanche are retaining 14% of Georgiev's contract, which mitigates financial strain on the Sharks despite having ample salary cap space.
A conditional fifth-round pick in 2025 can become a fourth-round pick if Blackwood meets certain performance criteria during the 2024-25 season.
The Sharks aim to potentially flip Georgiev for a late-round pick or prospect, tapping into the trade's strategic aspect beyond mere player exchange.
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