Canadiens clear $4.6M cap space with Price trade, setting stage for strategic shifts
The Montreal Canadiens have made a significant move by trading the contract of star goaltender Carey Price, a development that could initiate a chain reaction of strategic decisions for the franchise. With an evident need for a second-line center and potential trades for defensemen on the horizon, the Canadiens are poised to capitalize on their newfound financial flexibility.
Financial Flexibility Achieved
The trade effectively removes Price’s contract from Long-Term Injured Reserve (LTIR) status, granting Montreal $4.6 million in salary cap space immediately. NHL insider James Wilson has noted that this maneuver could open up as much as $20 million in cap flexibility by the time the trade deadline rolls around. This injection of capital is crucial for General Manager Kent Hughes as the team looks to build on its recent playoff appearance.
“The deal finally removed Price’s contract from LTIR status, giving Montreal $4.6 million in cap space now and potentially up to $20 million by the trade deadline,” Wilson explained. This newfound flexibility positions the Canadiens to make impactful additions to their roster as they prepare for the upcoming season.
Addressing Roster Needs
Montreal’s primary focus will likely be on acquiring a second-line center. With Kirby Dach returning from injury but still working to prove himself in the role, the Canadiens are exploring external options to bolster their lineup alongside talented forwards like Ivan Demidov and Patrik Laine. Recent discussions have linked the organization to Jared McCann of the Seattle Kraken, although the Kraken have yet to show any inclination to part with him.
“With Kirby Dach healthy but unproven as a full-time 2C, the Canadiens may look outside for reinforcements,” Wilson noted, highlighting the urgency to shore up the center position.
Future Moves on the Horizon
Beyond the immediate need for a center, Montreal’s management is keeping a vigilant eye on the entire roster for potential upgrades. Decisions regarding players like Mike Matheson and Laine will be influenced by how the season unfolds. The Canadiens now possess ample assets, including draft picks and prospects, which could facilitate significant trades.
The cap space created by shedding Price’s contract allows the Canadiens to operate without the constraints of LTIR gymnastics, which has previously hindered their flexibility. “Shedding Price’s contract ensures Montreal won’t be handcuffed by LTIR gymnastics each year,” Wilson pointed out. This newfound freedom could lead to a more aggressive approach in the trade market throughout the season.
Looking Ahead
With just over $4.5 million in cap space, the Canadiens are in a solid position to pursue impactful players to enhance their playoff aspirations. While Price’s contract has been traded, the veteran goaltender’s playing days are behind him due to a long-standing knee injury. The Canadiens completed the transaction by sending Price’s contract along with a 2026 fifth-round pick to the San Jose Sharks in exchange for defenseman Gannon Laroque.
In the wake of the trade, Price took to social media to express his gratitude to Canadiens fans, stating, “Always a Hab. Just a teal one for now.” This sentiment resonates deeply as the Canadiens navigate a pivotal moment in their franchise’s trajectory. With the stage set for strategic maneuvers, all eyes will be on Montreal as they seek to maximize their potential moving forward.
