What happened: released opening for the 2027 Stanley Cup, placing the San Jose Sharks in a long-shot tier. The announcement follows the conclusion of the 2025-26 postseason. This valuation positions the franchise among the league's biggest underdogs for the upcoming year.

Why it matters: The long odds reflect a franchise still deep in a transition phase despite recently securing the No. 2 pick in the 2026 NHL draft. The market has the Sharks grouped with other struggling veteran rosters like Toronto and Pittsburgh in the tier. While the team is amassing elite young talent, oddsmakers suggest significant roster development is required before they can challenge for a title.

What to watch: The Sharks front office is expected to be active in the upcoming draft and free agency period to continue their rebuild.