UPDATE: The General Manager of the San Jose Sharks, Doug Wilson, released a statement regarding Joe Pavelski’s departure:

“From being a seventh-round draft pick in 2003 to serving as captain of our team for the last four seasons, Joe Pavelski’s place in Sharks history is firmly cemented and he will be sorely missed. Joe led by example, not only as a player but as a person, and the impact he has had on this franchise and his teammates will be felt for years to come. Under a cap system, these extremely difficult separations are a reality and, unfortunately, we could not find common ground on dollars and term to keep Joe in San Jose. However, like many other players around the NHL, Joe has earned the right to become a free agent. We respect his decision and want to thank Joe, his wife Sarah and son, Nate, for 13 wonderful seasons. They will always be part of the San Jose Sharks family.”

SAN JOSE (AP) – The San Jose Sharks lost captain Joe Pavelski and winger Joonas Donskoi to free agency.

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A person with knowledge of the move says the Colorado Avalanche have agreed to sign winger Joonas Donskoi to a $15.6 million, four-year deal with an annual salary-cap hit of $3.9 million.

The person spoke to The Associated Press on condition of anonymity because the deal had not been announced.

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Donskoi set a career high last year with 37 points, his fourth NHL season, all with the San Jose Sharks. San Jose is up against the cap after re-signing defenseman Erik Karlsson to a long-term contract and have also lost captain Joe Pavelski to Dallas.

The Stars signed Pavelski to a $21 million, three-year contract, adding another scoring threat to their leading duo of Tyler Seguin and captain Jamie Benn.

Pavelski led Western Conference finals qualifier San Jose with 38 goals in 75 regular-season games while adding 26 assists for 64 points. The 34-year-old also led the Sharks with 12 power play goals.

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The addition of Pavelski comes after the Stars lost Mats Zuccarello to Central Division rival Minnesota in free agency. Dallas traded for Zuccarello before the deadline last season. The Stars lost to the Stanley Cup champion St. Louis Blues in Game 7 in the second round of the playoffs.