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Sharks Acquire Carey Price’s Contract From Canadiens

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The Montreal Canadiens have traded Carey Price’s contract and a 2026 fifth-round pick to the San Jose Sharks in exchange for minor-league defenseman Gannon Laroque. Price has not played since 2021, after undergoing surgery to repair a serious meniscus injury. He carries a $10.5MM cap hit through the end of this season.

Price has received a $5.5MM signing bonus on September 1st of each year of his contract. The Canadiens paid that tab earlier this week, opening the door for his lofty cap hit to be moved out. With no bonuses to worry about, San Jose will only have to pay Price $2MM in base salary, while reaping the benefits of a $10.5MM cap hit. That mark brings San Jose’s cap utilization up to $86.23MM – still $9.24MM below the cap ceiling. Montreal, meanwhile, will move forward with roughly $4.57MM in cap space.

The trade makes sense financially for both sides. The Sharks now distance themselves from the cap floor, while Montreal will be able to enter the season without utilizing long-term injured reserve. That latter point will prove particularly beneficial for Montreal, as they’ll now have the flexibility to bring in almost $5MM in lineup talent – rather than being forced to enter the season at the cap ceiling, since they exceeded the ceiling with Price’s contract on the books.

Montreal is planning to take full advantage of that newfound flexibility, per Marco D’Amico of Responsible Gaming. D’Amico shares that – whether it’s before the season or closer to December – the Habs have expressed interest in building out their roster. The team is noticeably lacking depth at the center position, with little to offer behind clear-cut, top center Nick Suzuki. That could make the Canadiens a strong candidate for a player like Jack Roslovic, who surprisingly remains on the free agent market despite scoring 22 goals and 39 points in his ninth NHL season last year.

The Canadiens will also receive an interesting prospect in this swap. Laroque has fallen victim to substantial injuries throughout each of the last few seasons. He had to undergo surgery on both hips in 2022, forcing him to sit out of all but four games of his final WHL season. He scored five points in those games. Recovery from the hip surgery continued through the 2023-24 season, though Laroque was able to play nine games, and record two points and eight penalty minutes, in both the AHL and ECHL. He seemed well-set to formally begin his pro career, before being pulled out of the 2024-25 season entirely by an undisclosed injury. It wasn’t revealed if this new injury was related to his previous hip surgeries. He was a productive, right-shot defender when he appeared at the junior level. Spending the better parts of two seasons with the WHL’s Victoria Royals, Laroque was able to record 59 points in 84 games.

Meanwhile, San Jose will move forward with balanced books and a clearer outlook of their expenses this season. This move drops San Jose from having the second-most cap space in the league, to the ninth-most. They also now carry 49 contracts, out of a possible 50. Sharks fans will zero in on how the team chooses to move forward with superstar prospect Michael Misa – the second-overall selection in this year’s NHL Draft. Misa scored an incredible 62 goals and 134 points in 65 OHL games this season, but still remains unsigned despite seemingly accomplishing everything he could at the junior flight. He’ll be a name to watch closely, and could even find his way onto the Sharks’ opening night roster, now that the team has a bit more financial security.

Photo courtesy of Kim Klement-USA TODAY Sports.

Canadiens' Kent Hughes Tempering Next Year's Expectations

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  • Despite qualifying for the playoffs for the first time since reaching the Stanley Cup Final in 2021, the General Manager of the Montreal Canadiens, Kent Hughes, is tempering down expectations for the team entering the 2025-26 campaign. Montreal gained a year of experience from last year’s playoff run and boosted its forward core this summer by adding Zachary Bolduc from the St. Louis Blues. Still, in an interview with Pierre LeBrun of The Athletic, Hughes was quoted as saying, “It’s great that the fan base is excited about it. As a general manager, you worry that the players don’t get too far ahead of themselves. It’s a little bit harder when people see you coming than when we sneak up on them.“

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Evening Notes: Laine, Salary Cap, 84-Game Schedule

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Montreal Canadiens winger Patrik Laine has a path to more minutes this season, after averaging a career-low 14:18 in ice time last season. Canadiens general manager Kent Hughes met with Laine to discuss areas he could focus growing in to earn a hardier role in the lineup, shares Sportsnet’s Eric Engels.

Laine finished the season with 20 goals in 52 games, but Montreal was also outscored 17-to-26 when Laine was on the ice at even-strength. Questions about Laine’s effort outside of the defensive zone have existed since his rookie season, but it’s hard not to imagine those are the attributes the Canadiens would like to see more. Finding an added step towards opponents in the defensive zone, and winning more battles in the dirty areas of the ice, would go a long way towards helping the 6-foot-4 Laine fit in with an otherwise undersized top-six. Laine reached the 30-goal mark in each of his first three seasons in the NHL, and could be a real X-factor in the Canadiens lineup should he take the necessary strides.

Other notes from around the league:

  • NHL Deputy Commissioner Bill Daly elaborated on upcoming changes to the league’s use of long-term injured reserve in an interview at the NHL’s pre-season coaches/GM meeting. He received many questions on the league’s new rule that playoff lineups must be cap-compliant. That includes one from Engels, who asked if there would be exceptions made for players working back from injury who are game-time decisions. Daly did not have an answer, other than to say that the league will answer that question in the future. The Stanley Cup playoffs are eight months away, allowing for plenty of time for the league to continue sorting out how they want to carry out changes to the CBA.
  • More light has also been shed on the league’s upcoming shift to an 84-game schedule, set to begin in the 2026-27 season. With that expansion, the season will be slated to begin in late-September and end in mid-June, per Pierre LeBrun of The Athletic. The shift to an earlier start to the season will be welcomed by many hockey fans, though a heavier workload will keep the season’s end tight to the NHL Draft and start of free agency on July 1st. That will be bittersweet news for many, especially NHL front offices, who have recently urged for a longer break between the end of the season and start of free agency.

Carey Price Trade Not A Necessity For Canadiens

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Trade attention has once again zoned in on Montreal Canadiens goaltender Carey Price as the league announces changes to the use of long-term injured reserve and salary cap in the postseason. The future Hall-of-Fame goaltender hasn’t played since 2021, after undergoing meniscus surgery to address a severe knee injury. Montreal has kept him on LTIR, and thus received full relief from his $10.5MM cap hit, in each of the three seasons since. That cap hit and LTIR relief could each be beneficial for teams across the league, but Canadiens’ general manager Kent Hughes told Sportsnet’s Eric Engels that he’s in no rush to find a deal. Hughes said:

We don’t have to trade Carey Price… If we can find a trade to move his contract that makes sense for us and makes sense for another team, we’ll pursue it. But we don’t have to.

The Canadiens are currently $5.93MM over the salary cap, per PuckPedia. Placing Price back on LTIR at the start of the season will bring them up to roughly $4.57MM in cap space, more than enough for next season. That cap relief underlines Hughes’ sentiment of not needing a deal, and would likely force Montreal to bring back another long-term injury in any Price trade. They could balance their budget by swapping Price for a player like Logan Couture from the San Jose Sharks, or even by acquiring Shea Weber’s contract from the Chicago Blackhawks. Both teams sit roughly $6MM over the salary cap floor as things stand, and could get a hardier budget by paying up for Price’s contract.

As for what Montreal could expect in return, the list of comparable IR moves has run a bit thin. Montreal used Weber’s contract to acquire NHL winger Evgenii Dadonov from the Vegas Golden Knights in 2022. He’s moved multiple times since – most recently in a trade to Chicago alongside minor-leaguer Aku Raty and the rights to Victor Soderstrom in exchange for a fifth-round draft pick.

In the year prior to Weber’s original move to Vegas, Chicago used Brent Seabrook’s contract to acquire NHL forward Tyler Johnson and a second-round pick. That could be a better structure to hope for – though it’s hard to gauge if the market remains the same four years later, and with the changes to LTIR. With no rush to make a deal, Montreal will have the luxury of sitting back until a strong offer comes through.

Lane Hutson Ranked 34th-Best Under-23 Player

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In a recent article on The Athletic, Corey Pronman ranked 173 players under the age of 23 who are currently on NHL teams’ reserve lists. This means that these players may not be playing for their respective teams just yet. In a major snub to the reigning Calder Memorial Trophy winner, Pronman ranked Montreal Canadiens defenseman Lane Hutson 34th on that list, lower than eight other defensemen.

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Snapshots: Price, Prokhorov, PHR Chat

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The Canadiens are reportedly intent on moving the contract of LTIR-bound goaltender Carey Price as it enters its final season, a feat that becomes astronomically more achievable after they pay out a $5.5MM signing bonus today. Today, Marco D’Amico of RG confirms that the Sharks are the most likely trade partner for Montreal, but that a move would require some maneuvering on San Jose’s behalf since they’re one contract shy of the 50-player limit. Given that, the framework of any deal would involve the Sharks sending a few AHL depth pieces back to the Canadiens to free up some flexibility, while taking on Price’s deal to ensure they stay above the salary cap floor throughout the season. Montreal still has seven open contract slots, per PuckPedia, so it’s a non-issue for them to take some two-way deals on in a Price trade.

More things to keep an eye on throughout the hockey world:

  • Late last month, Islanders 2025 second-rounder Daniil Prokhorov signed a two-year contract with Dynamo Moscow in his native Russia to continue his development. Unlike with other Russian players, though, that won’t necessarily delay his North American arrival until 2027, Stefen Rosner writes for The Elmonters. His deal has a formal out-clause that could allow him to report to the Islanders or their AHL affiliate in Bridgeport if he’s offered an entry-level contract before his KHL obligation ends. The gargantuan 6’6″, 218-lb power winger scored 20 goals in 43 junior games for Dynamo St. Petersburg’s MHL club last year.
  • With preseason looming, PHR’s Josh Erickson will host a holiday edition live chat today at 1pm CT. You can click here to ask a question in advance, join in live when the chat begins, or stick around to read the transcript when it’s finished.

Canadiens Likely To Move Carey Price’s Contract

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Despite not having played since the 2021-22 season, goaltender Carey Price and his contract continue to weigh down the Montreal Canadiens’ salary cap flexibility. With just one year remaining on his deal, which carries a $10.5MM cap hit, the franchise may be close to moving the contract in the coming days, per Marco D’Amico of RG.org.

While Price’s playing days are long behind him, the Canadiens will look to trade his contract to a team looking to hit the salary cap floor. That market may be thinning out, but the Anaheim Ducks, Chicago Blackhawks, and San Jose Sharks may fit the bill. If the Habs can swing a deal, they too would become cap compliant, as they currently sit approximately $6MM over the limit, according to PuckPedia. Moving Price’s contract could also provide the team with the flexibility needed to make another move to solidify the current roster. While Price carries a $10.5MM cap hit, he is set to receive just $7.5MM in actual salary for the final year of his contract. Of that amount, $5.5MM will be paid out as a signing bonus on September 1.

As D’Amico notes, TVA Sports’ Jean-Charles Lajoie reported that the Habs are in the market for a center, and the cap savings from Price’s deal could help facilitate that addition. However, a slow market could force the Canadiens to wait well into the season before pulling the trigger on this kind of addition. Canadiens Executive Vice President Jeff Gorton noted as much, previously stating, “We don’t look at it like opening day as the end of when you can change your roster.” As D’Amico notes, there seems to be a standoff between GMs trying to add quality forwards and those unwilling to budge on steep return demands.

For his part, Price’s legendary career came to an end due to lingering knee issues. Price appeared in just 30 games over his final two seasons and unofficially retired following the 2021-22 season to focus on his overall quality of life. Over his 15-year career, Carey Price recorded 361 wins and 19,304 saves, both of which are all-time records for the Canadiens. He also ranks first in minutes played and third in shutouts with 49. Selected fifth overall in the 2005 NHL Draft, Price consistently proved why he was taken so high and is widely expected to be inducted into the Hockey Hall of Fame.

Poll: Who Is The Early Favorite To Win The 2026 Calder Trophy?

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The hockey world was treated to a true gift by the race for the 2025 Calder Trophy, awarded annually to the NHL’s top rookie. The class lived up to years of expectations, headlined by Montreal Canadiens defenseman Lane Hutson tying Larry Murphy for the most assists by a rookie defender. He took home the Calder ahead of San Jose Sharks top center Macklin Celebrini and Calgary Flames starting goaltender Dustin Wolf – who both managed star-studded and historic performances of their own. The heap of talent left players who could have won the trophy outright in seemingly any other year – options like 26-goal-scorer Matvei Michkov. A rookie class so strong will be impossible to follow up, but the group in 2025-26 seem to have a great chance to come close.

Early predictions will have the Calder Trophy staying put through in 2026. The Canadiens are set to award star rookie Ivan Demidov with his first NHL season, after he led KHL super-club SKA St. Petersburg with in scoring with 49 points in 62 games last season. He was a sheer force at Russia’s top level, showing a pace, strength, and finesse that was unmatched by his competition. Demidov finished the year with five points in six Gagarin Cup Playoff matchups, before scoring four points in his first seven games with Montreal.

Demidov is now set to assume a key role in the Canadiens’ lineup. It’s hard to imagine he won’t play true top-line minutes. He offers the in-tight skill and low-zone grit to perfectly complement spot-shooter Cole Caufield and playmaking, two-way center Nick Suzuki. The stars will be Demidov’s ceiling if he gets a full year to such talented players. He nearly recorded a 20-30-50 season in the KHL – a league often lauded as near-equal to the NHL. That standing could set him up for 60, or even 70, points in his first year with Montreal.

It will be a tight race to catch up to, and overcome, Demidov. A slew of star collegiate players signed their entry-level contracts at the end of the season, and could easily be set for major minutes of their own. Sam Rinzel fills a need for right-shot defense for the Blackhawks and Oliver Moore seemed to bring his slick-passing to Chicago, Gabe Perreault looked like a strong utility player with the New York Rangers, and Ryan Leonard showed an ability to match the Washington Capitals’ pace.

And yet, all four could be outdone by Minnesota Wild defenseman Zeev Buium, who managed an impressive 98 points in 83 games at the University of Denver. He appeared in four Stanley Cup Playoff games, but only managed one assist. Also atop the defense charts is top KHL defender Alexander Nikishin, who ended a stalemate when he finally joined the Carolina Hurricanes for the playoffs. Nikishin ranked second on SKA St. Petersburg with 46 points in 61 games, and matched Buium’s postseason statline.

Even still, the OHL could emerge. Sam Dickinson served as the star of the 2025 Memorial Cup-winning London Knights, and seems well-primed for a big role with the desolate San Jose Sharks. He could be joined by the reigning ’OHL Player of the Year’ Michael Misa, who managed an incredible 62 goals and 134 points in 65 OHL games last season. Misa was drafted second in this year’s class, with New York Islanders defenseman Matthew Schaefer the only selection before him. The smooth-moving, sharp-eyed Schaefer could be another Calder candidate, though he hasn’t played a season-game since sustaining a broken collarbone during the World Junior Championships last December.

It will be hard for any player to rival the record-breaking heights that Hutson reached last season, but the list of candidates looking to follow him up seems endless. Any one of the aforementioned players could find their way into a star role, or the award could go to someone entirely different – like 2025 Hobey Baker Award-winner and Edmonton Oilers winger Isaac Howard.

With so much talent on the board, who do you think will win the 2026 Calder Trophy? If you choose ’Other’, comment your pick below!

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Canadiens’ Kirby Dach Nearing Recovery From Knee Surgery

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Canadiens center Kirby Dach practiced in full gear during an informal skate today as he skates off the rust following yet another extensive knee surgery back in February, per Marc-Olivier Cook of Dans Les Coulisses.

Montreal never issued a specific recovery timeline for the 24-year-old after he had the surgery, just that he wouldn’t return in 2024-25. There was never any official word on whether he was expected to be ready for training camp, either, so today’s news is the first real indication of his progress in more than six months.

The Habs acquired the 2019 No. 3 overall pick from the Blackhawks in 2022, hoping that he could be a long-term second-line option behind captain Nick Suzuki. While he spent a good portion of his first season in Montreal on the wing, early returns were at least strong with 38 points in 58 games.

His first major knee injury came just two games into 2023-24, tearing his ACL and MCL in his right knee simultaneously. That threw away the rest of the season, and the extended time off certainly showed when he returned to action for 2024-25. He spent more time down the middle with more limited offensive output – 10 goals and 22 points – in 57 games before the second right knee injury ended that year as well.

Canadiens EVP Jeff Gorton said during exit meetings that the team still had hope in Dach, but certainly wasn’t banking on him returning to a top-six role out of the gate this fall after another lengthy absence. They may not have much of a choice, though. Montreal didn’t make any significant moves at forward this summer besides losing depth veteran Christian Dvorak and acquiring promising youngster Zachary Bolduc from the Blues in exchange for defense prospect Logan Mailloux. Bolduc played center in his junior days but has only seen time on the wing through his two NHL seasons in St. Louis. After scoring 36 points in 72 games last year, though, he would be their best option as a No. 2 pivot from the standpoint of last year’s offensive output if he can make the adjustment.

Players Who Could Start The Season On LTIR

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While only a handful of teams project to need cap relief via long-term injured reserve to open the season, multiple candidates across the league might technically qualify for a placement. Doing so would bar the player from returning until Oct. 31 at the earliest – 24 days from the season start date of Oct. 7.

Avalanche: Logan O’Connor

O’Connor underwent hip surgery in early June. Given the five-to-six-month projected recovery window, he won’t be available until early November at best, putting him past the 10-game/24-day threshold required for LTIR. Colorado, which has $2.10MM in current cap space, will likely place O’Connor on standard IR if they don’t make any other cap-affecting moves between now and October. If they need the relief, though, they could create up to O’Connor’s $2.5MM cap hit in cushion for the first few weeks of the season if they need it.

Blues: Torey Krug

St. Louis general manager Doug Armstrong announced in May that Krug’s career is done because of pre-arthritic conditions in his left ankle that surgical intervention only slowly corrected. Since the Blues only have around $625K in cap space, Krug and his $6.5MM cap hit will be going on LTIR as soon as they need the flexibility for a call-up.

Canadiens: Carey Price

What’s certain is that Price won’t play this season or ever again. He’s entering the final season of his contract at a $10.5MM cap hit after confirming nearly two years ago that his knee injury would prohibit him from suiting up again. What’s uncertain is whether or not he’ll begin the season on LTIR. Montreal isn’t in a great position to optimize its LTIR relief, either by matching his cap hit in excess or getting down to $0 in space before placing him on the list. That’s made his contract a trade chip for teams who might need the relief more.

Devils: Johnathan Kovacevic

Kovacevic underwent knee surgery in early May and won’t be ready for training camp and likely opening night as well. Whether that stretches past Oct. 31 and makes him eligible for an LTIR placement if New Jersey needs cap relief early on remains to be seen.

Flyers: Ryan Ellis, Rasmus Ristolainen

Ellis’ career is over after sustaining a wide-ranging muscular injury in his pelvis just four games into his Flyers tenure in 2021. Ristolainen underwent a procedure on his right triceps tendon on March 26 with a six-month recovery time, putting him right on the edge of potential LTIR eligibility. Philly will have a better idea of the latter’s LTIR deployment potential after he undergoes his training camp physical. With $370K in cap space, they’re in a good position for near-max LTIR capture and will almost certainly at least place Ellis there to begin the year to give them call-up flexibility.

Golden Knights: Alex Pietrangelo

Pietrangelo is already on offseason LTIR, meaning the Knights actually still have to add an additional $1.2MM to their roster before opening night to optimize his capture and unlock his full $8.8MM cap hit’s worth of relief for this season. The team confirmed he requires multiple undisclosed but significant surgeries that will likely mark the end of his playing career, but it’s unclear if he’s actually had them done yet.

Jets: Adam Lowry

Lowry underwent hip surgery in late May and won’t be available until after Thanksgiving at the earliest. Winnipeg likely won’t be formalizing an LTIR placement with nearly $4MM in cap space, though.

Mammoth: Juuso Välimäki

Välimäki underwent ACL surgery in early March. He likely won’t end up on LTIR given Utah’s current cap flexibility ($6.68MM), but he’ll be out until at least early November so he’ll be there as an early-season option in case they need relief for whatever reason.

Oilers: Zach Hyman

Hyman’s inclusion here is on the speculative side. The winger could very well be ready for the start of the season. However, there hasn’t been much clarity on how much recovery he still needs after undergoing surgery to repair a severe wrist injury that kept him out of the Stanley Cup Final. A report in early June indicated there was uncertainty about his status for training camp, with no meaningful updates since then.

Panthers: Matthew Tkachuk

Tkachuk told ESPN’s Greg Wyshynski earlier this month that he’s still deciding whether he wants to undergo surgery to address the adductor issue that hampered him down the stretch and in the playoffs after sustaining it at the 4 Nations Face-Off. All signs point to him opting for it and spending the next two to three months on the shelf as a result, though. Placing him on LTIR is the only way the Panthers, who currently have a cap exceedance of $3.725MM, can be compliant to start the season without shedding a significant contract, something they aren’t keen to do.

Wild: Jonas Brodin

Minnesota has $9.41MM in cap space, but that number will shrink once they re-sign restricted free agent Marco Rossi (or add salary while trading his signing rights). Neither scenario will likely push them into a situation where they need to use LTIR relief, but they might have Brodin and his $6MM cap hit as an option for some short-term flexibility if required. He underwent an upper-body procedure in early June and is questionable for the beginning of the season, so it’s not yet clear if he’ll miss enough time to qualify.

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