The San Jose Sharks have been in salary cap hell with 3 defenceman making at least $7.0 Million per season. The Sharks also haven't been a competitive team, missing the playoffs the last 3 years and are now finally trying to start a rebuild. But with so many players on the team with full No-Movement-Clauses or at least a modified one, the Sharks have 8 of these players currently, it has been difficult. But if one of their big name defenceman can waive their no-trade it would free up a ton of cap space.
It is being reported that the San Jose Sharks and Carolina Hurricanes are closing in on a deal to ship out 37-year-old Brent Burns to Carolina. Burns has 3-years remaining on his contract, with a cap hit of $8.0 Million. However, he would have to waive his no-trade as Carolina is on his no-trade list.