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Canadiens Testing Market for Carey Price’s Contract Ahead of Sept. 1 Deadline

The Sept. 1 bonus shrinks Montreal’s cash outlay, turning the $10.5 million cap hit into an appealing asset for salary-floor teams

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Apr 15, 2022; Montreal, Quebec, CAN; Montreal Canadiens goalie Carey Price (31) makes a save during the third period of the game against the New York Islanders at the Bell Centre. Mandatory Credit: Eric Bolte-Imagn Images
Carey Price, Montreal Canadiens (Amy Irvin / The Hockey Writers)

Overview

  • The Canadiens are actively gauging interest in moving Price’s $10.5 million cap hit but have not completed a trade.
  • A $5.5 million signing bonus due on Sept. 1 will cut the contract’s remaining cash obligation to about $2 million, with insurance covering the bulk.
  • Salary-floor teams such as the Chicago Blackhawks, San Jose Sharks and Anaheim Ducks have emerged as the most realistic suitors.
  • Moving the contract after the bonus would unlock pre-season and in-season cap flexibility for GM Kent Hughes, preserving the current roster.
  • Any return is expected to be modest, likely limited to draft picks or prospects in exchange for the cap asset.