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Montreal Could Weaponize Cap Space Before Summer Is Over

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The Montreal Canadiens are set to begin the 2024-25 NHL season with approximately $5.45MM in cap space. With no other restricted free agents left to sign, the organization may weaponize its cap space and effectively buy draft and prospect capital (Article Link).

The Canadiens hold a major trump card up their sleeve as the team could still place goaltender Carey Price on long-term injured reserve once this season begins which would open up another $10.5MM in cap space for next season. Montreal is no stranger to weaponizing their cap space as general manager Kent Hughes has swung trades in the past which netted them a first-round pick for taking on the contract of Sean Monahan and a second-round pick to take on 40% of Jeff Petry’s salary.

There are several teams close to the cap including the Washington Capitals, Vegas Golden Knights, Philadelphia Flyers, Edmonton Oilers, New York Islanders, Vancouver Canucks, and Nashville Predators. A few of these organizations will utilize LTIR in their own right once the season opens up to shed some salary but some could call the Canadiens in the upcoming weeks to gain some financial breathing room for next season.

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Kaiden Guhle Signs Six-Year Extension With Canadiens

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The Canadiens have signed top-four defenseman Kaiden Guhle to a six-year, $33.3MM contract extension, per a team release. Guhle will cost $5.55MM against the salary cap starting in 2025-26 and will remain under contract through the 2030-31 season. Renaud Lavoie of TVA has the full breakdown of the deal:

2025-26: $2MM base salary, $5MM signing bonus
2026-27: $5.25MM base salary
2027-28: $6.55MM base salary
2028-29: $5MM base salary
2029-30: $5MM base salary, modified no-trade clause (five-team no-trade list)
2030-31: $4.5MM base salary, modified no-trade clause (five-team no-trade list)

It’s a hefty second contract for the 22-year-old, who was entering the final season of his entry-level deal. He’s the second young Hab to ink a long-term extension this month, joining 2022 first-overall pick Juraj Slafkovsky, who signed an eight-year, $60.8MM deal immediately upon becoming eligible to extend on July 1. This isn’t a max-term extension for Guhle, but it is long enough to walk him to unrestricted free agency upon expiry in 2031, when he’ll be 29.

The deal provides some cost certainty for both the Canadiens and Guhle, whom they selected 16th overall in 2020. After a pair of post-draft seasons in juniors, Guhle jumped to the NHL in 2022, bypassing an assignment to AHL Laval. Leg and ankle injuries cost him nearly all of the back half of his rookie season, limiting him to 44 games overall in 2022-23.

But the Edmonton native showed he was on track to shoulder top-four minutes. He averaged 20:31 per game, providing decent offensive contributions with four goals, 14 assists and 18 points (0.41 PPG) despite not seeing significant power play time. Things were a bit of a struggle defensively as Guhle posted a -19 rating, 43.6 CF% and 40.2 xGF%, but that was to be expected for a rookie blue liner thrust into difficult usage on a rebuilding team. He did see usage on the Habs’ second penalty kill unit, primarily with Mike Matheson, averaging 2:07 per game shorthanded.

Last season, Guhle’s point totals took a step back, but his all-around game avoided a sophomore slump. His average time on ice increased by 20 seconds, and perhaps most importantly, he avoided any major injuries, playing in 70 of Montreal’s 82 games. He finished third among Canadiens defensemen in scoring with 22 points (six goals, 16 assists). He finished second on the team in blocks with 178, trailing only Matheson, his usual defense partner at even strength. That’s notable for the lefty, who’s been able to look comfortable on his off side in top-pairing duties with Matheson. Guhle’s possession metrics improved in 2023-24 across the board as well, despite seeing an uptick in defensive zone starts.

For the Canadiens, it’s a sizeable long-term investment in a player who projects to be a strong anchor piece of their top four on defense for years to come. He doesn’t have upside as a true No. 1 at this stage, but he isn’t being paid like one on this extension. $5.55MM is a comparable cap hit to what players like Brett Pesce and Matt Roy earned on the open market this summer, both good comparables for Guhle’s ceiling.

Considering his prime will come near the tail end of this deal when it costs a lower percentage of the salary cap, it seems like a smart choice early on. Becoming a UFA at 29 also permits Guhle to land a second big payday, either on a max-term extension or elsewhere on the open market.

Guhle will cost just $863K against the cap this season in the final year of his ELC.

Image courtesy of USA Today Sports.

Canadiens Re-Sign Justin Barron To Two-Year Deal

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The Canadiens have re-signed defenseman Justin Barron, according to a team release, which states that the Canadian righty will receive a two-year, $2.3MM contract. He’ll cost $1.15MM against the cap through 2025-26.

After a trio of seasons with the QMJHL’s Halifax Mooseheads, the Avalanche selected Barron 25th overall in 2020. He spent his post-draft season back with Halifax before inking his entry-level contract with Colorado in April 2021, finishing out the season with their AHL affiliate. He made his NHL debut for the Avs the following season but played just two games before he was sent to Montreal in a deal for winger Artturi Lehkonen.

The 22-year-old has steadily climbed up the Montreal depth chart since. He’s spent the slight majority of the last two seasons on the Canadiens roster but has still seen significant time with their AHL affiliate in Laval. That’s where he played the back half of last season, playing almost exclusively in the minors after being sent down in mid-January. He was, however, recalled for a seven-game stretch in April to finish the regular season in Montreal.

In 94 games with the Avs and Habs the past few years, the Halifax native has 12 goals, 18 assists and 30 points with a -8 rating while averaging 18:33 per night. He’s already held his own offensively while playing fringe top-four minutes and likely still has second-pairing upside long-term. Barron has solid possession numbers and has consistently had better shot attempt shares than the Habs’ team average.

All signs point to him being ready to graduate to full-time NHL usage next season, but he enters a tight competition for spots with other youngsters like Lane Hutson, Jayden Struble and Arber Xhekaj, who signed a slightly richer two-year deal earlier today. Notably, Barron’s $1.15MM cap hit is the maximum that can be stashed in the minors without incurring a penalty. However, sending him to Laval would require exposing him to waivers, and he’d likely get claimed.

Barron was Montreal’s last remaining unsigned RFA. He’ll be eligible for arbitration when his new deal expires.

Eric Staal Announces Retirement

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It’s been all quiet on the Western Front for Eric Staal for over a year now. The free-agent center reached the Stanley Cup Final with the Panthers in 2023 but didn’t sign or play anywhere last season.

On Tuesday, Staal confirmed he’d played his last NHL game, signing a one-day contract with Carolina to retire as a Hurricane. The Canes will also retire Staal’s No. 12 at a yet-to-be-announced game this season.

“I want to thank my family, former teammates, coaches and staff members who played a role in helping me live my dream, playing in the NHL,” Staal said in a statement released by the team. “I will forever treasure the memories and friendships made during my 18 years in the world’s best league.”

“There was no doubt in my mind that when it became time to hang up my skates, I would want to retire as a Carolina Hurricane,” he continued. “To now also know that the team is retiring my No. 12 is truly humbling and I am extremely grateful and honored.”

Staal, 39, is often overlooked as one of the NHL’s early salary-cap-era stars. But the Thunder Bay, Ontario native was always expected to make an indelible impact on the Canes after being drafted second overall in the famously stacked 2003 draft. While he hasn’t played there in over eight years – his tenure ended with a trade to the Rangers in 2016 – he’s still arguably the most impactful talent in Carolina history since the franchise relocated from Hartford in 1997.

His best came early, erupting as a sophomore in the 2005-06 season to lead the Canes in scoring with 45 goals and 100 points, both career-highs. 21 at the time, Staal was the centerpiece of the Canes’ best season in franchise history to that point, crossing the 50-win and 100-point thresholds for the first time. It ended in glory, adding nine goals and 28 points in 25 playoff games as he led the team in scoring en route to their first and only Stanley Cup.

Over parts of 12 seasons in Raleigh, Staal solidified himself as the Canes’ post-relocation leader in games played (909), goals (322), assists (453), points (775), power-play goals (105), power-play points (252) and hat tricks (13) – hat tip to the team’s Walt Ruff for those stats. He averaged over 20 minutes per game in a Carolina uniform and served as their captain from 2009 to 2016, succeeding franchise pillar Rod Brind’Amour.

Age-related decline came for Staal early, though, and his point totals were steadily decreasing by the time he was traded to the Rangers at age 31. His stay with the Blueshirts didn’t extend past the last few months of the season, and he landed in the State of Hockey with the Wild as a free agent in the summer of 2016. He had a bit of a resurgence in Minnesota, most remembered for a 42-goal, 76-point campaign in 2017-18 that placed him 17th in Hart Trophy voting. But his days of being a dominant top-line threat were behind him.

He played the final few seasons of his career with the Sabres, Canadiens and Panthers, serving as a good veteran depth piece on Montreal and Florida teams that each reached the championship series (2021 and 2023, respectively). But he couldn’t recapture the honor he had nearly two decades ago and was on the losing end of both series.

All in all, Staal wraps up his career with 455 goals, 608 assists and 1,063 points in 1,365 NHL games across 18 seasons. The eldest of the four Staal brothers with NHL experience, including Jared Staal, Jordan Staal and Marc Staal, retires at 76th on the league’s all-time scoring list. All of us at PHR congratulate Staal on a championship-caliber career and wish him the best as he enters the next phase of his hockey career.

Image courtesy of USA Today Sports.

Canadiens Re-Sign Arber Xhekaj To Two-Year Deal

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RFA defenseman Arber Xhekaj has agreed to terms on a two-year deal with the Canadiens, the team announced in a press release. The deal is worth $2.6MM and will pay him an average of $1.3MM per season.

Xhekaj, whose younger brother Florian Xhekaj is also in the Habs’ system, has spent the last two seasons in Montreal. He’s posted 23 points (eight goals, 15 assists) and a -3 rating while averaging 15:34 per game in 95 contests.

Undrafted, Xhekaj burst onto the scene directly out of junior hockey just one season after inking his entry-level contract with the Canadiens. After losing his 2020-21 season due to COVID-19, Xhekaj signed with Montreal in October 2021 and returned to the Ontario Hockey League for his final season of juniors, which the hard-hitting defender split between the Kitchener Rangers and Hamilton Bulldogs.

According to Elliotte Friedman of Sportsnet, Xhekaj was drawing trade interest throughout last season, with the Flyers named specifically as a suitor. No move materialized, though, and Montreal projects to enter next season with the same group of promising young defenders. Their only noticeable departure on the blue line this summer was stay-at-home depth piece Johnathan Kovacevic, who they traded to the Devils for a 2026 fourth-round pick after last month’s draft.

The deal comes in around expected for the 23-year-old, who didn’t have enough professional experience accumulated to file for salary arbitration this summer. While the Ontario native is certainly becoming a fan favorite in Montreal, he’s been given only sparse opportunities on special teams and has logged decisively bottom-pairing minutes at even strength. The left-shot defender can also play comfortably on the right side, potentially giving him the edge in a battle for a spot in the opening night lineup with other developing prospects like Justin Barron, Lane Hutson and Jayden Struble.

After the signing is registered, the Habs will be left with just over $6.6MM in projected cap space with a roster size of 22, per PuckPedia. The last remaining roster spot could go to Barron, who’s still an RFA in need of a deal for next season.

Image courtesy of USA Today Sports.

Canadiens’ Rafaël Harvey-Pinard Undergoes Leg Surgery

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Canadiens winger Rafaël Harvey-Pinard underwent successful surgery yesterday to repair a broken leg, the team announced. He’s expected to miss four months, putting his return to action around American Thanksgiving.

It’s tough news for Harvey-Pinard, who was already coming off an injury-plagued 2023-24 campaign. Various lower-body injuries limited him to 45 appearances, posting just two goals, eight assists, 10 points, and a -2 rating while taking only 26 shots on goal and averaging 12:38 per game. That was a massive step back from his 2022-23 showing when he erupted for 14 goals and 20 points in 34 games after a midseason call-up from AHL Laval.

The 25-year-old was a seventh-round pick of the Habs back in 2019 and has spent the five years since working his way up the organizational ladder. The 5’9″, 183-lb winger has always been a good scoring threat, averaging 1.06 points per game across five seasons in juniors in the QMJHL. He also put up an average of 0.74 points per game in three years to date with Laval, leading them in scoring back in 2021-22 with 56 points in 69 games.

Montreal’s depth chart at left wing is full of question marks entering the season behind 2022 first-overall pick Juraj Slafkovsky, who will reprise his first-line role alongside Cole Caufield and captain Nick Suzuki. But behind that, there was an opportunity for Harvey-Pinard to climb as far up as a second-line role on opening night with a strong preseason and training camp performance, competing with players like UFA signing Alex Barré-Boulet and veteran Brendan Gallagher. He’ll now have to work his way back into an everyday role upon returning from injury in late November.

Since he’s projected to miss more than 10 games and 24 days to open the season, Harvey-Pinard is a candidate to land on long-term injured reserve. His absence should mean more early playing time for those like enforcer Michael Pezzetta, and it indicates prospects such as Owen Beck, Filip Mesar and Joshua Roy should have a greater chance at making the opening night roster.

Canadiens' Ivan Demidov Likely To Remain On KHL Roster For 2024-25

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The Hurricanes are continuing to rebuild their minor-league pipeline after spending 2023-24 without full-time AHL or ECHL affiliates. They inked a three-year agreement to re-affiliate with the AHL’s Chicago Wolves earlier this offseason, but they remain without a full-time third-tier affiliate.

That won’t change for 2024-25, but they have landed what the team calls a “working agreement” with the Bloomington Bison, an expansion franchise beginning play in the fall. Bloomington has already landed an outright affiliation agreement for next season with the Rangers, but they’ll also be the preferred destination for the handful of players under contract with Carolina who get demoted all the way down to the ECHL. The Hurricanes had the same setup with ECHL Norfolk last season, whose primary affiliate was the Jets. Six players who were under contract with Carolina – Domenick Fensore, Griffin Mendel, Blake Murray, Yaniv Perets, Justin Robidas and Ronan Seeley appeared in action for Norfolk under the agreement.

Elsewhere from the East:

  • Following up on a report from The Montreal Gazette’s Stu Cowan earlier this week, it’s becoming more certain that 2024 fifth-overall pick Ivan Demidov will play out the final season of his contract with the Kontinental Hockey League’s SKA St. Petersburg next season. Speaking with matchtv.ru, SKA head coach Roman Rotenberg confirmed the plan is for Demidov to remain on the KHL roster instead of being loaned to a lower-level league (via Marc Antoine Godin of Radio-Canada). Demidov spent nearly all of last season on loan to SKA’s junior club in the MHL, where he had arguably the best draft-eligible season in league history with 60 points and a +47 rating in 30 games.
  • Coming off back-to-back Calder Cup championships, the AHL’s Hershey Bears have retained a core part of their club. The Capitals’ primary affiliate has re-signed left winger Matthew Strome to a two-year deal, per a team announcement. The brother of Washington center Dylan Strome and Ducks forward Ryan Strome had a career-best 20 points in 50 games with the Bears last season and scored the overtime winner in the series-clinching Game 6 of the Calder Cup Final against Coachella Valley. He was a fourth-round pick of the Flyers in 2017 but hasn’t been under an NHL contract since his entry-level deal expired in 2022 after not receiving a qualifying offer.

The Latest On Ivan Demidov

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The Calgary Flames announced today that their new arena will be called Scotia Place. The downtown building and culture and entertainment district will replace the aging Scotiabank Saddledome which has been the Flames home since 1983. The Flames released a first look at the new building today, showing drawings of the building that is expected to house the team beginning in the 2026-27 season.

The Scotia Place arena deal is expected to keep the Flames in Calgary for the next 35 years and will include upgrades to the infrastructure in the surrounding areas. The design plans currently show a capacity limit between 18,000 and 18,400 fans which will mark a small downsize from the current capacity limit of 19,289 at the Saddledome.

In other evening notes:

  • Stu Cowan of The Montreal Gazette believes that Montreal Canadiens prospect Ivan Demidov will play out the final season of his contract with St. Petersburg but concedes that there is a slim chance he will make the jump to the NHL this season. The fifth overall pick in this year’s entry draft is contractually bound to the KHL for this season but if SKA opts not to hold onto him, his situation could mirror that of Philadelphia Flyers forward Matvei Michkov. However, Szymon Szemberg the Managing Director of the Alliance of European Hockey Clubs doesn’t believe that is a possibility. Canadiens general manager Kent Hughes has been non-committal about where Demidov will play next season, saying simply that the KHL would be a good place for him to play for the upcoming season and that the team would keep their options open if he doesn’t play there.
  • Tony Androckitis of Inside AHL Hockey is reporting that forward Matt Strome has re-signed with the Hershey Bears. Strome signed a two-year AHL contract with the Bears that will keep him with the reigning Calder Cup champions through the 2025-26 season. Strome scored the championship-clinching goal in the AHL finals to help Hershey secure their second consecutive AHL title. The 25-year-old is the brother of NHLers Ryan Strome and Dylan Strome and was a fourth-round pick of the Philadelphia Flyers back in 2017. The two-time AHL champion posted seven goals and 13 assists in 50 games last season and is expected to play a depth role again next year.

AHL Laval Signs Zack Hayes To One-Year, Two-Way Deal

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The Laval Rocket have agreed to a one-year, two-way contract with defenseman Zack Hayes, per a team announcement. The Canadiens’ top minor league affiliate will play host to Hayes’ return to North America after he spent last season in Finland, suiting up for Vaasan Sport in Liiga.

Hayes will compete to play an enforcer role on a Laval blue line that’s expected to include top Canadiens defense prospects Logan Mailloux and David Reinbacher this season. A two-way deal indicates he may be demoted to their ECHL affiliate in Trois-Rivières, though.

Basu: What Do The Canadiens Need To Take A Step Forward This Season?

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