With 8 roster forwards under contract (along with promising prospect Jamie McGinn) for roughly $28 million, and Evgeni Nabokov slated for a cap hit of $6 million, that leaves $1.1 million for at least 3 forwards and a backup goaltender. Qualifying offers were made earlier this summer to goaltender Thomas Greiss (07-08 salary: $725,000), center Torrey Mitchell (07-08 salary: $725,000), and agitating winger Brad Staubitz (07-08 salary: $475,000). All are scheduled for a raise (QO over $1M no raise, under $1M 5% raise, under $660,000 10% raise), giving the Sharks $2.045M in additional salary if the QO offers are accepted.
That would leave the Sharks with 11 forwards, 7 defenseman and 2 goaltenders under contract with a cap hit of $57.745M (55.7M + 2.045M). The San Jose Sharks would be $945,000 over the $56.8M salary cap with one forward left to sign. NHL teams are allowed a 10% overage until the regular season starts.
Like Aaron Portzline said, something has got to give.
via Sharkspage San Jose Sharks, NHL, hockey and local sports blog.
For my crunching of these same numbers, see this.