Salary Cap Deep Dive: Montreal Canadiens
Navigating the salary cap is one of the more important tasks for any GM. Teams that can avoid total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful. Those that don’t see struggles and front office changes.
PHR will look at every NHL team and give a thorough look at their cap situation for the 2022-23 season and beyond. This will focus more on players who are regulars on the roster versus those who may find themselves shuttling between the AHL and NHL. All cap figures are courtesy of CapFriendly.
Montreal Canadiens
Current Cap Hit: $93,451,094 (over the $82.5MM Upper Limit)
Entry-Level Contracts
F Cole Caufield (one year, $880.8K)
D Kaiden Guhle (three years, $863K)
D Jordan Harris (one year, $842.5K)
F Juraj Slafkovsky (three years, $950K)
D Arber Xhekaj (two years, $828.3K)
Potential Bonuses
Caufield: $850K
Guhle: $420K
Harris: $507.5K
Slafkovsky: $3.5MM
Total: $5.2775MM
Slafkovsky has the richest entry-level deal in league history as the ceilings got a small boost this season (and will go up again in 2024 and 2026). The first-overall pick has had a limited role so far as they ease him with a decision on whether or not to run him past the 40-game mark and accrue a season of service time still to come. If he can become the impact power forward they hope he can be in the next couple of seasons, he’s a strong candidate to bypass the bridge deal. With the limited usage, he’s unlikely to achieve any of his bonuses at this point.
Caufield’s next contract is shaping up to be an intriguing one already. He recently reached 100 career NHL regular season appearances but has been one of the top goal-scorers in the league dating back to midway through last season. If Montreal wants to sign him to a max-term agreement (which they likely do at this point), they’ll have to make him the highest-paid forward on the team (and in franchise history) while a bridge contract could run in the range of Jason Robertson’s $7.75MM with Dallas. Notably, he still is five years away from UFA eligibility so a four-year bridge deal (like Robertson’s) is a legitimate option for both sides to consider. He’s on pace to reach all his ‘A’ bonuses.
Guhle hasn’t been eased into things in his rookie season, logging more than 20 minutes a night, often on the top pairing. If he stays in that role, he’s likely to hit his two ‘A’ bonuses this season and if he continues there for the next couple of years, he’s someone GM Kent Hughes will likely want to try to lock up long term. Harris, meanwhile, already is in line for a new deal after burning his first season down the stretch last year. He’s likely heading for a bridge contract with an AAV likely checking in a bit below the $1.5MM range while he’s on pace to hit his two ‘A’ bonuses and most of his ‘B’ ones for games played. Xhekaj has gone from being an undrafted free agent signing a year ago to a regular in Montreal’s lineup on the third pairing. Having burned the first year while playing in junior last season, he’ll be hard-pressed to command a long-term second deal and is likely heading for a bridge contract himself, potentially a little above the $1.5MM mark if he remains a fixture on the third pair.
Signed Through 2022-23, Non-Entry-Level
F Paul Byron ($3.4MM, UFA)
F Evgenii Dadonov ($5MM, UFA)
F Jonathan Drouin ($5.5MM, UFA)
F Sean Monahan ($6.375MM, UFA)
F Michael Pezzetta ($750K, RFA)
Calgary had to pay a high price tag (a first-round pick in either 2024, 2025, or 2026) to dump the final year of Monahan’s deal, allowing them to sign Nazem Kadri in the process. He has recovered well from the hip issues that plagued him over the last couple of years and is at his highest point-per-game pace since 2018-19. As a capable defensive forward that can kill penalties and do well at the faceoff dot, it’s certainly not impossible to think that he could get some interest as a second-line center on the open market this summer. If that happens, there’s a good chance that Monahan could land a contract similar to this one, a scenario that not many would have thought possible at this time a year ago.
Drouin hasn’t panned out as expected when Montreal sent Mikhail Sergachev (plus a conditional second-round pick that didn’t materialize) to Tampa Bay to secure him. He has the skills to play in the top six but hasn’t been able to produce with consistency or stay in the lineup with any consistency. He’s a prime candidate for a one-year pillow value elsewhere next season to try to rebuild some value in a new situation. Dadonov was picked up from Vegas in exchange for Shea Weber’s LTIR contract with the Canadiens likely hoping that they could flip him with retention at the trade deadline. Instead, he’s off to the worst start of his career offensively. His next deal could be closer to the $2MM mark if not a bit lower and at that point, it’s possible that he could look to return to the KHL if a significant offer materializes there.
Byron’s availability to play this season is in question as he continues to battle hip trouble. If he’s able to play next year, Byron would be eligible for a one-year deal with incentives due to his injuries (even though he’s not 35); such a contract would likely have a base salary closer to $1MM before bonuses. Pezzetta is on his first career one-way contract and has had a limited role so far. Assuming that continues, even with arbitration rights, it’s unlikely he’d be able to land more than $1MM for next season.
Signed Through 2023-24
D Joel Edmundson ($3.5MM, UFA)
F Mike Hoffman ($4.5MM, UFA)
G Samuel Montembeault ($1MM, UFA)
F Rem Pitlick ($1.1MM, UFA)
D Chris Wideman ($762.5K, UFA)
Hoffman was expected to help Montreal’s power play but that hasn’t been the case over his first year and a bit with the team to the point where he was scratched earlier this season. He’ll need to produce with much more consistency in the back half of this deal to have a shot at matching this price tag in 2024. Pitlick played well after coming to the Canadiens on waivers last season, earning this two-year deal, his first one-way pact. However, some early struggles landed him on the waiver wire again this season where he passed through unclaimed. Barring a change in his production, he’ll be in tough to match let alone beat this contract two summers from now.
Edmundson has battled injury trouble this season and last but when he has been in the lineup, he has been a dependable second-pairing option that can kill penalties and play physically. There’s a ceiling for those types of players in terms of their earnings upside but a small raise closer to the $4MM mark on a multi-year agreement could be doable if he’s able to stay healthy as he’ll hit the market at 31. Wideman is on a minimum deal for the second straight season and has a very limited role. In his second stint in the NHL, he’s more of a depth player so it’s likely that his next deal will also be close to the minimum salary.
Montembeault’s first full NHL season was a rocky one with Montreal struggling mightily last season. That allowed the team to give him a low-cost two-year commitment that could be fully buried in the minors. However, he’s off to a much better start this season and is starting to push for a little more playing time. He’s making well below the league average for a backup and a decent showing the rest of the way this season and next could push him closer to the $1.75MM range at least. Otherwise, he might be looking at something closer to this deal, a lower-cost one-way pact on a cap-strapped team.
Signed Through 2024-25
G Jake Allen ($2.875MM in 2022-23, $3.85MM in 2023-24/2024-25, UFA)
F Joel Armia ($3.4MM, UFA)
F Christian Dvorak ($4.45MM, UFA)
F Jake Evans ($1.7MM, UFA)
D Johnathan Kovacevic ($766.7K, UFA)
D David Savard ($3.5MM, UFA)
Dvorak was acquired to replace Jesperi Kotkaniemi in the 2021 offseason with the hopes that he could become a legitimate second-line center. That hasn’t happened yet. Instead, he appears to be heading for another season around the 30-point mark. His defensive game and faceoff ability give him some extra value but if this type of production is indeed his ceiling, he’s going to be in tough to get more than this on the open market. A similar contract is possible but even in a pricier cap environment, it’s hard to see him pushing for $5MM.
Armia’s strong showing in Montreal’s improbable run to the Stanley Cup Final strengthened his market to the point where he was able to land this commitment. Since then, he has 16 points in 76 games. Armia can kill penalties but he’s more of a fourth liner that should have a price tag closer to half of his current one. Evans had a strong year last season with 28 even-strength points in a bottom-six role but his playing time has been more limited this year. If he can get back to pushing for 30 points in that lower spot on the depth chart, he could generate enough interest to push his AAV past the $2MM mark in 2025.
Savard is playing a much bigger role than he was used to at the end of his time with Columbus (and a brief stint in Tampa Bay) as he sits second on the team in ATOI. Right now, they’re getting some value for their buck but he’ll turn 35 early on his next deal and at that point, Savard will likely be best suited for a third-pairing role. That should push his price tag down a little bit. Kovacevic was claimed off waivers late in training camp and has played in most of Montreal’s games since then. It’s still a bit early to forecast what’s next as he’s a late-bloomer rookie but if he plays more often than not on this deal, he could have a shot at doubling his AAV on the open market. If Kovacevic turns into a full-time regular, the cost will only go up.
Allen has had some ups and downs since effectively taking over as the starter last season, a role he struggled with when he had it in St. Louis. Even with the inconsistency, what he’s making now is well below market value for a starter and on his next contract, as long as he can hold down a regular spot in the platoon, Montreal should get a reasonable return on it as well.
East Notes: Capitals, Krejci, Voronkov, Hellberg
The Capitals got some good news and bad news on their back end for tonight’s contest against Winnipeg. The good news is that after missing 16 games, defenseman Dmitry Orlov was activated off IR, relays Tarik El-Bashir of The Athletic (Twitter link). However, they also lost blueliner Erik Gustafsson to an upper-body injury, notes Samantha Pell of the Washington Post (Twitter link). The net trade-off is certainly a positive as Orlov, a long-term top-four player for them, is jumping right back onto their top pairing although Gustafsson is tied for the team lead in assists by a defender with ten.
More from the Eastern Conference:
- Prior to their game tonight against Vegas, the Bruins announced (Twitter link) that center David Krejci is out due to a lower-body injury sustained on Friday against Arizona. Fortunately for Boston, the absence is likely to be short-lived as the team hopes he’ll be ready to play in their next game on Tuesday. Krejci’s return to the NHL has been a very good one so far as the 36-year-old has 21 points in 23 games so far, the highest point-per-game average of his 16-year NHL career.
- Blue Jackets prospect Dmitry Voronkov is expected to sign with Columbus once his KHL season comes to an end, reports Aaron Portzline of The Athletic (subscription link). The 22-year-old center was a fourth-round pick by Columbus back in 2019 (114th overall) and has been a regular in the KHL since then. This season, he has 13 points in 28 games and is on pace for his best year offensively at that level. The Blue Jackets certainly could use some help down the middle and it appears they’ll get someone else to try at that position for next season in Voronkov.
- The Red Wings announced that they have recalled goaltender Magnus Hellberg from his conditioning stint with AHL Grand Rapids. The 31-year-old had a 2.50 GAA and a .932 SV% in four starts with the Griffins. He’ll be Detroit’s third-stringer so this might be the last game action he sees for a little while.
Jamie Oleksiak Suspended Three Games
4:00 PM: The NHL Department of Player Safety has announced that Oleksiak will serve a three-game suspension for his hit to the head on Alexeyev. He will be eligible to return when the Kraken take on the Winnipeg Jets on December 18th.
9:16 AM: It will be a busy day for the Department of Player Safety today. After previously announcing a hearing for Buffalo’s Jeff Skinner, they also announced (Twitter link) that they will have a hearing today with Kraken defenseman Jamie Oleksiak.
The veteran defender received a match penalty in the second period yesterday for a hit to the head on Washington blueliner Alexander Alexeyev. Alexeyev, who recorded his first career point earlier in the game, left with an upper-body injury and did not return. A clip of the hit can be seen here courtesy of NBC Sports Washington’s Matt Weyrich (Twitter link).
Oleksiak has been suspended once before in his career back in 2016. Notably, that was a two-game ban for an illegal check to the head, the same issue he’s being looked at for here. Seattle isn’t in action today with their next contest coming Sunday against Florida so if they want, the league can hold off on a decision for any potential supplementary discipline until tomorrow.
East Notes: Panthers, Anisimov, Benn
While the Panthers were without center Anton Lundell and goaltender Spencer Knight today, both players might be available for tomorrow’s contest against Seattle, relays Florida Hockey Now’s Colby Guy (Twitter links). Lundell is dealing with a mild upper-body injury but is skating and his absence is supposed to be a short-term one. He’s off to a quieter start to his sophomore campaign but still has 13 points in 24 games. As for Knight, he’s working his way back from an illness and while he won’t dress as the backup goalie this afternoon, head coach Paul Maurice indicated that there’s a chance that he’ll be able to start on Sunday. The youngster has been much better than Sergei Bobrovsky in the early going this season with a GAA nearly a full goal below the veteran.
More from the Eastern Conference:
- The Flyers have converted veteran center Artem Anisimov’s AHL PTO to a full-season contract, notes Tony Androckitis of Inside AHL Hockey (Twitter link). The 34-year-old has played six games since joining them in mid-November and has been productive with three goals and an assist in that stretch. At the beginning of the month, it was reported that Philadelphia was hoping to convert Anisimov’s deal into an NHL one which would allow them to recall him but they remain at the maximum 50 contracts on the books. Until they’re able to free one up, Anisimov will have to settle for this full-season AHL agreement.
- Maple Leafs defenseman Jordie Benn took part in the morning skate today for the first time as he works his way back from an upper-body injury, reports Sports Illustrated’s David Alter (Twitter link). The veteran has been out for a little more than two weeks due to the issue, his second extended absence of the season after missing the first 13 games due to a groin injury. Benn has a goal and an assist in six games so far while logging a little over 17 minutes a night on Toronto’s back end.
Minor Transactions: 12/10/22
There have been a few international transactions today with some sort of present or former NHL connection. We’ll run through those here plus an early minor move at the NHL level.
- Veteran winger Pontus Aberg has joined the SC Rapperswil-Jona Lakers in Switzerland, per a team announcement. The 29-year-old had been playing in the Czech Extraliga until now as he notched 13 points in 26 games. Aberg has 132 career NHL games under his belt over parts of four seasons and has been quite productive at the AHL level with 199 points in 277 games. He last was under contract with Ottawa last season before having his deal terminated to go play in Sweden.
- It didn’t take long for Victor Berglund to find his next team. After clearing unconditional waivers yesterday, the Bruins terminated his contract and he has caught on with HIFK in Finland who announced they’ve signed the defenseman for the rest of the season. The 23-year-old had played in just five games with AHL Providence this year and it was looking likely that he wouldn’t be tendered a qualifying offer this summer.
- After splitting time this season between two different teams in Finland’s SM-liiga, Maple Leafs prospect Kalle Loponen will be dropping down a level as Kettera of the Mestis announced they will the defender on a long-term loan during the Christmas break. Loponen spent seven games with them last season after having a limited role in the top division. Toronto has until June 1st to sign the 2019 seventh-rounder who has two assists in 18 games so far this season.
- Following their game last night, the Avalanche announced (Twitter link) that they’ve sent forward Cal Burke back to AHL Colorado. Burke played just under seven minutes last night in his second career NHL appearance. The Avs are off until tomorrow and at that point, it’s possible that Burke will be recalled.
Jeff Skinner Suspended For Three Games
With Buffalo and Pittsburgh playing the back end of a back-to-back set tonight, the Department of Player Safety had to make a quick decision on what supplemental discipline Sabres winger Jeff Skinner would receive. That decision has now been made as the league announced (Twitter link) that the veteran has been suspended for three games.
The incident occurred late in Friday’s contest. Skinner took exception to Jake Guentzel making contact with Craig Anderson after the netminder froze the puck, delivering two cross-checks. The first hit the shoulder with the second getting Guentzel’s face; that’s the one that draws the suspension; in the video, it was noted that Skinner “aggressively and purposefully struck Guentzel… with sufficient force to merit supplemental discipline”. He received a major and a match penalty on the play for cross-checking.
Skinner will miss tonight’s rematch against the Penguins as well as Tuesday’s game against Los Angeles and Thursday’s contest in Colorado. He’ll be eligible to return on Saturday in Arizona. It’s the second suspension of his career with the first incident occurring more than a decade ago and didn’t play a factor in this three-game ban. He forfeits nearly $146K in salary which goes to the Players’ Emergency Assistance Fund.
Golden Knights Sign Jakub Brabenec To Entry-Level Deal
The Golden Knights have agreed to terms with one of their prospects, announcing the signing of forward Jakub Brabenec to a three-year, entry-level contract. Financial terms of the deal were not disclosed.
The 19-year-old was a fourth-round pick by Vegas in 2021 (104th overall) after he was able to hold down a somewhat regular role in the Czech Extraliga which is something that typically isn’t the case for draft-eligible players. Brabenec was selected in the first round of the CHL Import Draft back in 2020 and the Golden Knights indicated that their preference was for him to play at the major junior level and that is where he has been since then.
Last season, Brabenec was the QMJHL’s Rookie of the Year after leading all first-year players in assists (47) and points (64). He’s on pace for very similar numbers this season as he leads the Charlottetown Islanders with eight goals and 17 assists in 27 games, a pace of 42 assists and 62 points over a full season. Vegas had until June 1st to sign Brabenec but clearly felt they didn’t need to wait that long to make a decision.
Officially, the contract begins this season but since Brabenec is already back in junior, he’s not going to be seeing any NHL action in 2022-23. Accordingly, his deal will be eligible to slide this season and still have three years remaining on it in 2023-24.
Canadiens Notes: Hoffman, Matheson, Gallagher, Monahan
The Canadiens got both some good news and bad news on the injury front today. The team announced (Twitter link) that winger Mike Hoffman will be activated off injured reserve and suit up tonight against Los Angeles. The veteran has five goals and three assists through his first 16 games of the season and will at least give Montreal 12 healthy forwards to use after finishing up their road trip with only 11 healthy ones.
Meanwhile, defenseman Mike Matheson will be unavailable tonight due to an undisclosed injury. He left practice early on Friday and while he took part in the morning skate, he obviously isn’t healthy enough to play. The 28-year-old has six points in his first nine games with Montreal while logging a team-high 24:25 per night on the back end.
More from Montreal:
- To make roster room for Hoffman’s activation, the Canadiens moved winger Brendan Gallagher to injured reserve. The veteran has missed the last four games due to a lower-body injury and is expected to miss at least a few more days before being cleared to return. Montreal was eligible to back-date the placement and if they did so, Gallagher could be activated at any time.
- Center Sean Monahan is still sporting a walking boot, notes Marc-Antoine Godin of The Athletic (Twitter link). He was able to play through his foot injury for a few games but left Monday’s game early and hasn’t skated since then. There’s no timetable for his return. Monahan figures to be one of the more prominent middlemen available at the trade deadline after putting up 17 points in his first 25 games so it’s likely that Montreal will play things safe with the injury and not rush him back.
Nick Robertson To Miss At Least Six Weeks
It has been somewhat of a frustrating year so far for Maple Leafs winger Nick Robertson. Unfortunately for him, the news continues to be bad for him as Sports Illustrated’s David Alter relays that he will miss six to eight weeks due to the shoulder injury that he sustained on Thursday against Los Angeles. However, he won’t need surgery this time around and will simply rehab the injury this time.
This is the third straight season that he has sustained a significant injury. Two years ago, a knee issue limited him to just 27 games between the NHL and AHL and last season, a non-displaced fracture of his right fibula resulted in him suiting up just 38 times. This setback will cost him upwards of 20 contests as well, more if he winds up being out longer than this projected timeline.
Robertson had a very strong showing in the preseason that saw him pick up eight points in five games but he didn’t break camp with the big club. Early injuries that opted up Toronto’s ability to use LTIR landed the 21-year-old on the NHL roster soon after but he has been a frequent healthy scratch and hasn’t seen a lot of action when he has been in the lineup as he’s averaging less than 11 minutes a night over his first 15 appearances even though he has five points in those outings.
Robertson is still waiver-exempt through next season and it stands to reason that he’ll be back with AHL Toronto when he’s cleared to return in order to give him a few games to get back into playing condition. From there, the battle to lock down a regular spot in the lineup for the Maple Leafs will continue at a time when it will be just a few weeks away from the trade deadline in early March.
Jeff Skinner To Have Hearing With Department Of Player Safety
Late in Friday’s game, Sabres winger Jeff Skinner retaliated to a late jab from Jake Guentzel on Craig Anderson as the veteran goalie was freezing the puck. However, the method in which Skinner opted to retaliate was a costly one as he received a match penalty for cross-checking, one that resulted in the Department of Player Safety quickly announcing that he’ll have a disciplinary hearing with them today.
The incident occurred with just 22 seconds left in regulation. Buffalo killed off enough of the five-minute penalty to force overtime but Jeff Carter scored 1:36 into the extra session.
Skinner has been suspended once before although it was quite a while ago as he received a two-game back for a kicking incident late in the 2011-12 season. With the Sabres in action again tonight for a rematch against Pittsburgh, the league will have to rule quickly on what type of supplemental discipline Skinner will receive.