Alexis Lafreniere is currently a restricted free agent and without a contract for the 2023-24 season. The Rangers are also relatively tight to the salary cap with only $2,278,417 in projected space. This allows potential teams with cap space and draft capital to make an offer sheet to Lafreniere.
The San Jose Sharks are a team at the early stages of their rebuild and expected to shed the salary of star defenseman Erik Karlsson sooner rather than later. They also have the necessary draft picks, in this case, a second-round pick, to offer sheet Lafreniere at a contract that New York couldn't currently match.