If you were wondering how exactly the Montreal Canadiens were able to fit Kirby Dach’s contract under the salary cap today, you weren’t alone. The deal seemingly put them over the 10% offseason cushion, with a team cap hit of more than $92.7MM. Arpon Basu of The Athletic has the answer – Carey Price is going on long-term injured reserve early.
Contrary to widespread belief, LTIR can actually be used in the offseason. The Toronto Maple Leafs did so in the summer of 2017 when signing Patrick Marleau, and the Tampa Bay Lightning did it with Nikita Kucherov in late 2020 when signing Mikhail Sergachev to his bridge deal.
CapFriendly notes that to use LTIR, a team must “provide doctors proof that the player in question will continue to be injured at the beginning of the regular season for 10 NHL games and 24 calendar days.” Price may not play at all this season, with general manager Kent Hughes explaining that there did not appear to be a path for him without undergoing another surgery.
Essentially, giving Price the injury designation now will increase the Canadiens’ upper limit by more than $10MM, allowing them to officially file the Dach contract without breaching the 10% cushion. It should be noted that the release this morning indicated that the two sides had agreed to terms on a contract but Dach does not yet appear on the official roster, meaning the order of operations has not been completed.
Carey caught a flight to Robidas Island this AM.
Huge price to pay!
Price stopping pucks at 50% health is more valuable to Les Habitants than Dach at 100%, but that’s just par for the Canadiens course!
Price hasn’t been 50% of himself besides 1 playoff run in 4+ years.
Nothing to see here.