Offer sheet season is almost here, and now teams know what it will cost to make one.
Here are the 2026 compensation thresholds for each tier of offer sheet, per Sportsnet's Elliotte Friedman:
Offer Sheet AAV | Compensation |
$1,575,969 or less | None |
$1,575,969 to $2,387,832 | Third-round pick |
$2,387,832 to $4,775,666 | Second-round pick |
$4,775,666 to $7,163,498 | First- and third-round picks |
$7,163,498 to $9,551,332 | First-, second- and third-round picks |
$9,551,332 to $11,939,166 | Two firsts, one second and one third |
$11,939,166 or more | Four first-round picks |
Teams can start talking to restricted free agents on the night of June 30, but nothing can be signed until free agency officially begins on July 1.
And remember that in determining the AAV of an offer sheet, you divide the salary by term length or five — whichever is lower.
There were no players signed to offer sheets last off-season, but two summers ago, the St. Louis Blues signed both Philip Broberg and Dylan Holloway to offer sheets that the Edmonton Oilers chose not to match.
