CarltonTheBear said:White wasted no time getting picked up by another team, the Sharks signed him to a 1-year, $1mil contract:
http://blogs.mercurynews.com/sharks/2011/08/03/sharks-sign-d-colin-white-to-one-year-deal-that-costs-san-jose-1-million/
That works for the Sharks and still leaves them some wiggle room under the cap, it's up to Colin to prove he still has it in the playoffs, seems good for both player and team