The deal is not 100% official yet, but numerous sources are saying it's almost a done deal. The Sharks will retain 50% or Meier's salary, and the Vancouver Canucks will join as a third party and get a 4th round pick in the 2023 draft for retaining 25% of Meier's salary.
Meier will be a restricted free agent this off-season after his four-year, $24-million deal expires, although his cap hit is $6 million for this season, he is being paid $10 million and he is owed a $10-million qualifying offer if the Devils choose to re-sign which is almost certainly the plan.