The San Jose Sharks have traded forward Dany Heatley to the Minnesota Wild for forward Martin Havlat.
Heatley scored 26 goals and added 38 assists in 80 games for the Sharks last season while Havlat scored 22 goals and added 40 assists in 78 games for the Wild.
The Wild inherit the last three years remaining on Heatley's deal that will count as $7.5 million a year under the salary cap. However in real money, Heatley will make $8 million in 2011-12, $6 million in 2012-13 and $5 million in 2013-14.
Havlat has four years left remaining on his current contract, with an annual cap hit of $5 million.
Heatley, who has a modified no-trade, had to submit a list of 10 teams he wouldn't go to before July 1. Minnesota was not on that list.
"When players that we have targeted become available, you need to be able to react quickly and you also have to pay a price in order to acquire them," Sharks general manager Doug Wilson said in a release. "When we made the Brent Burns trade, we knew we still needed to address our speed up front and we think the acquisition of Marty does that."
According to his agent Allan Walsh, Havlat agreed to waive his own no-trade clause earlier in the day to facilitate the move.
This is the second major deal between the teams over the past two weeks. The teams completed a draft-floor swap that sent Devin Setoguchi, former first-rounder Charlie Coyle and a 2011 first round draft pick to Minnesota for defenceman Brent Burns and a 2011 second rounder.
Heatley's tumultuous time in San Jose comes to an end after just two seasons. He demanded a trade from Ottawa following the 2008-09 season and was shipped to San Jose for Milan Michalek, Jonathan Cheechoo and a 2010 second round draft pick.
He has drawn criticism for his lack of production in the playoffs, scoring just five goals in 32 games over the past two post-seasons.
In 669 career NHL games, Heatley has scored 325 goals and chipped in 364 assists. His 26 goals last season tied for the second lowest single-season total of his career, equaling his rookie total in 2001-02 and better than only his 13 goals from 2003-04, in which he played only 31 games.
Havlat's 62 points from last season was good for the third-best total of his career, behind 2008-09 and 2003-04. He put up 77 and 68 points in those two campaigns, his last in Chicago and Ottawa respectively.
The Czech-born Havlat has scored 209 goals and added 303 helpers in 621 career NHL games between the three clubs.
Both players have a past with the Ottawa Senators. Heatley suited up for the team for four seasons between 2005 and 2009, while Havlat was drafted by Ottawa in the first round, 26th overall in 1999. The Sens would deal Havlat as part of a three-way trade in 2006.
Heatley was originally drafted second overall by the Atlanta Thrashers in 2000.