The Detroit Red Wings are sending forward Gustav Nyquist to the San Jose Sharks in exchange for a 2019 second-round pick and a conditional 2020 third-round pick,

The conditional third-round draft pick in the 2020 NHL Draft would become a second-round pick in the same draft should the Sharks advance to the 2019 Stanley Cup Final or should Nyquist re-sign with the Sharks.

The Red Wings will retain 30 per cent of Nyquist's remaining salary according to TSN Hockey Insider Pierre LeBrun.

The 29-year-old has 16 goals and 49 points while playing in 62 games this season. 

The teams then finalized the deal hours later after Nyquist waived his no-trade clause.

Nyquist is scheduled to become an unrestricted free agent this summer. He carries a $4.75 million cap hit this season.

Nyquist has spent his entire seven-year career with the Red Wings, who selected him in the fourth round (121st overall) at the 2008 NHL Draft.