Complex sentence: On August 3,2011, Sharp signed a five-year contract extension with the Blackhawks worth $29.5 million, which comes into effect during the 2012--13 season and will carry an annual salary cap hit of $5.9 million.
Split into simpler sentences: On August 3,2011, Sharp signed a 5-year contract extension with the Blackhawks worth $29.5 million over 5 years. The contract has come into effect during the 2012--13 NHL season and will carry an annual salary cap hit of $5.9 million.