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Montreal Canadiens Extend Sean Monahan

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After impressing in the early part of the season, Sean Monahan will run it back with the Montreal Canadiens next year. The veteran center has signed a one-year, $1.985MM contract to return in 2023-24. Chris Johnston of North Star Bets adds that the deal has a $15,000 bonus if he plays a certain number of games, which could take it to $2MM total.

Acquired from the Calgary Flames, along with a conditional first-round pick for essentially nothing (future considerations don’t really mean anything), Monahan was a relatively low-risk gamble for the Canadiens. Montreal wasn’t expected to challenge for the playoffs, so even if Monahan’s injury history reared its ugly head and he was a financial anchor, it wouldn’t change things.

Things actually got off to an incredible start, with Monahan showing well coming back from hip surgery. He had 17 points in 25 games and appeared to be a trade chip for the Canadiens to dangle at the deadline.

Then, in early December, he suffered a foot injury that took him out of the lineup. While rehabbing, Monahan suffered a groin injury, which eventually shut him down for the rest of the year after surgery.

That long, varied medical history makes him such an enigma. There has always been talent in Monahan, with three 30-goal seasons under his belt. He reached a career-high of 82 points in 2018-19, but things would soon come crashing down to earth.

Since that season, he has just 116 points in 210 games. In Calgary, he quickly went from a top-line option to someone lucky to get 14 minutes a night in the bottom six. This could be a huge win for the Canadiens if he can rediscover his early-career success.

Still just 28, Monahan will try to use this contract as a springboard to show he’s still a capable NHL talent. Montreal, meanwhile, can use him as a trade chip again, or determine if he’s more of a long-term fit. Either way, the risk of a one-year deal under $2MM is minimal.

Latest On Canadiens Draft Strategy

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  • One of the top picks under a more significant media microscope leading into the draft is the Montreal Canadiens’ top pick at #5 overall. That’s because this draft is considered to have a clear top tier of four center prospects, meaning if each of the four teams ahead of Montreal chooses to select one of those pivots, the draft could truly open up at the fifth pick. Speaking on the 32 Thoughts podcast, Sportsnet’s Elliotte Friedman said “there’s a lot of teams that think if [the Canadiens] don’t get [USNTDP Center Will Smith] they’re taking Reinbacher,” meaning Austrian right-shot blueliner and projected top defensive prospect David Reinbacher. We previously covered reports that the Canadiens were “seriously considering” Reinbacher alongside Smith’s teammate Ryan Leonard, and now a key insider has added to those rumors of Montreal’s interest in Reinbacher.
  • Also on the 32 Thoughts podcast, Sportsnet’s Jeff Marek spoke on the San Jose Sharks (owners of the fourth overall pick) stating “they want defensemen and they want goaltenders.” Marek wondered about the team’s interest level in Reinbacher, and whether that would lead to them trading down at the draft once again after doing so at last year’s event. It has already been reported that the Canadiens are “aggressively” looking to move up in the draft, so perhaps based on this report a potential one-spot pick swap that would secure the Sharks Reinbacher and the Canadiens Smith could be in play. It must be noted, though, that it is incredibly rare for top-five picks to change hands, so the more likely scenario is always that each team simply picks from the pool of players left available to them.

Canadiens Notes: Gurianov, Belzile, Draft

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The Canadiens are not expected to tender winger Denis Gurianov a qualifying offer this summer, reports Arpon Basu of The Athletic (subscription link).  The 26-year-old was acquired from Dallas just before the trade deadline with the hopes that a change of scenery could help him rediscover his scoring touch.  While Gurianov did manage five goals in 23 games following the swap (after scoring just twice in 43 games in Dallas), he was held without a point in his final ten games which isn’t the best result when you’re trying to earn a qualifying offer.  That offer is worth $2.9MM and salary arbitration eligibility and it appears that Montreal won’t be giving him that opportunity.  However, Basu adds that they are open to bringing him back at a discounted rate if there isn’t strong interest in him in free agency, similar to what they did with Rem Pitlick last summer, non-tendering him before handing him a two-year contract days later.

More from Montreal:

  • Basu also reports that winger Alex Belzile appears set to test the market next month. The 31-year-old started the year in the minors but was brought up when injuries struck, giving him his first taste of NHL action.  Belzile played in 31 games with Montreal this past season, picking up six goals and eight assists while averaging more than 12 minutes per game.  As a result, Basu notes that he’s hoping to secure a one-way contract this summer which is an offer that the Canadiens are evidently not willing to make at this time.
  • The team is aggressively trying to move up from the fifth selection, per Radio-Canada’s Alexandre Gascon.  There seems to be a growing expectation that the first four selections later this month will all be centers with Russian winger Matvei Michkov sliding past that group.  Accordingly, if Montreal wants to land one of those, they’ll need to get into the top four.  Gascon suggests that San Jose’s selection at number four is the target while Basu adds in his piece that they’ve also reached out to Anaheim to inquire about the price of moving up to pick number two, a cost that would certainly be significant.  The draft gets underway two weeks from today.

Report Suggests Canadiens Making Changes To Off-Ice Training Staff

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The new owner of the Ottawa Senators was revealed today, with Canadiens minority owner Michael Andlauer proving victorious after a long sale process. But while we now know the identity of the team’s new owner, the team won’t officially change hands for a few more months. Postmedia’s Bruce Garrioch reports that the deal for the team may not close until September, as there remains “a lot of work to be done” and Andlauer must also sell his stake in the Canadiens before taking control of their division rival.

  • While a variety of factors influenced the Montreal Canadiens’ fall from 2021 Stanley Cup finalist to league basement-dweller between 2021 and 2022/2023, one significant contributing factor is injuries. The team has been absolutely ravaged by injuries over the past two seasons, including this year when 2022 number-one pick Juraj Slafkovsky and star forward Cole Caufield were among the multitude of Canadiens to suffer season-ending injuries. The Canadiens have placed a high priority on player development at this stage of their rebuild, but head coach Martin St. Louis’ development efforts have been consistently hamstrung by injuries to key young talent. Now, off-ice changes are being made to address this situation. TVA Sports’ Tony Marinaro reports that the Canadiens have parted ways with head physiotherapist Donald Balmforth and head athletic therapist Graham Rynbend, a report that was confirmed by Jean Francois Chaumont of Le Journal de Montreal. 

Latest On Montreal Canadiens Draft Strategy

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  •  Basu and Godin got the impression at the combine that it “doesn’t seem very likely” the Canadiens will draft Michkov with the number-five pick should he be on the board. Instead, they feel the team is giving serious consideration to two other top prospects with that pick: polished Austrian defenseman David Reinbacher and versatile American winger Ryan Leonard. Reinbacher is a valuable right-shot blueliner who impressed playing against men in Switzerland’s top pro league, while Leonard is a competitive winger who alongside fellow first-round talents Will Smith and Gabe Perreault shattered U.S. National Team Development Program scoring records.

Canadiens Notes: Montembeault, Hart, Monahan, Galipeau

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A year ago, Samuel Montembeault was just getting through his first full NHL season, one that didn’t go all that well with the Canadiens finishing dead last.  As a result, he didn’t have much leverage in contract talks, ultimately signing a two-year, $2MM deal, one that takes him straight to UFA eligibility in 2024.  Now, following an improved campaign and a strong showing at the World Championship last month, his trajectory is on the upswing.  The 26-year-old is eligible to sign a contract extension as of July 1st and speaking with reporters earlier this week (video link), GM Kent Hughes indicated that he’s open to trying to work out a new deal quickly with his netminder.  Montembeault posted a 3.42 GAA with a .901 SV% in 40 games this season so his next contract shouldn’t break the bank but he has positioned himself to at least double his $1MM AAV whenever he signs his next deal.

More from Montreal:

  • Among the ongoing Carter Hart trade speculation, there have been suggestions that the Canadiens could be interested in acquiring the 24-year-old but Marc-Antoine Godin and Arpon Basu of The Athletic report (subscription link) that this is not the case. Instead, it appears they’ll retain their tandem from this season with veteran Jake Allen joining Montembeault while prospect Cayden Primeau will also jockey for playing time as he is now waiver-eligible.
  • In his latest podcast (video link), Chris Johnston of NorthStar Bets and TSN notes that there have been discussions about the possibility of Montreal bringing back center Sean Monahan next season. The Canadiens picked up a future first-round pick to take on his contract from Calgary back in August and the 28-year-old did fairly well early in the season, picking up 17 points in 25 games before a variety of injuries ended his season.  Monahan is eligible to sign a contract with performance bonuses this summer as long as it’s a one-year agreement and if he’s willing to do so, he could garner some interest from cap-strapped teams looking for short-term help as well.
  • Olivier Galipeau will remain with Montreal’s farm team next season as their affiliate in Laval announced that they’ve signed the defenseman to a one-year, one-way AHL contract. The 26-year-old started the season in the ECHL and was quite productive with 15 points in 19 games before being recalled for the rest of the year to Laval where he put up nine points in 45 contests.

Montreal Canadiens Extend Cole Caufield

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The Montreal Canadiens have agreed to terms on an eight-year contract extension for star winger Cole Caufield through the 2030-31 campaign, the team announced Monday morning. The deal will carry a $7.85MM cap hit.

Per CapFriendly, Caufield has a modified no-trade list in the final three seasons of his contract, which is all he’s eligible for, given his unrestricted free-agent eligibility. The full breakdown of the contract is as follows:

2023-24: $4.975MM base, $5MM signing bonus
2024-25: $4.975MM base, $5.5MM signing bonus
2025-26: $9.975MM base
2026-27: $8.705MM base
2027-28: $6.215MM base
2028-29: $5.985MM base, 15-team no-trade list
2029-30: $5.985MM base, 10-team no-trade list
2030-31: $5.985MM base, five-team no-trade list

Not only does this wrap up Montreal’s highest offseason priority, but it also marks a generation-defining signing for this Canadiens core. Caufield, arguably on a discount deal, immediately becomes the second-highest-paid healthy Canadien behind captain Nick Suzuki, who earns $7.875MM per season through 2030.

While he has just over 120 NHL games of experience under his belt, the 22-year-old has been among the better goal-scorers in the league in limited samples. His 53 goals are second among 2019 NHL Draft picks, trailing only New Jersey Devils star Jack Hughes.

A season-ending shoulder injury in 2022-23 may have cost him a few thousand dollars on this deal. However, reports suggested the Canadiens are committed to keeping a strict salary hierarchy with Suzuki at the top. He tied for the team lead in goals despite playing in just 46 games, and his 26 goals in that time put him on pace for 46 in an entire 82-game season. That would have tied him for seventh in the league (and second among US-born players) with Dallas Stars phenom Jason Robertson.

The Wisconsinite may be one of the slightest wingers in the league at just 5-foot-7, but that hasn’t stopped his all-world release from translating to the NHL level, even with little help around him. While Suzuki provides a formidable linemate, Montreal’s offense ranked in the league’s bottom 10 this year and boasted just seven double-digit goal-scorers.

In terms of the percentage of the salary cap ceiling at signing, Caufield’s max-term extension is nearly identical to the eight-year deal signed by Carolina Hurricanes winger Andrei Svechnikov before the 2021-22 campaign. Svechnikov, however, had already eclipsed 200 NHL appearances before signing his extension.

Neither the Canadiens nor Caufield released a statement upon the initial announcement of the signing.

For other NHL teams, Caufield’s extension takes 2023’s top offer sheet candidate off the market. The last two offer sheet transactions in NHL history, Sebastian Aho (2019) and Jesperi Kotkaniemi (2021), involved the Canadiens.

For Montreal, the value of Caufield’s cap hit gets them more than just a star goal-scorer for eight more seasons. It also gets them extremely valuable cost certainty as the cap ceiling is bound to rise in the coming seasons, allowing them to more comfortably afford any RFA or UFA signings as the team aims to return to championship contention over the next five years or so.

Behind Caufield and Suzuki, the two Habs under contract the longest are veterans Brendan Gallagher and Josh Anderson, both signed through 2027.

Photo courtesy of USA Today Sports Images

Free Agent Focus: Montreal Canadiens

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Free agency is now a little less than a month away and teams are looking ahead to when it opens up.  There will be several impact players set to hit the open market in July while many teams have key restricted free agents to re-sign as well.  We continue our look around the NHL with an overview of the free agent situation for the Montreal Canadiens.

Key Restricted Free Agents

F Cole Caufield – While the Canadiens have the fifth-overall selection and there have long been rumors aplenty of Winnipeg Jets forward Pierre-Luc Dubois’ desire to play in Montreal, this Canadiens offseason is all about Caufield. The 22-year-old sniper has emerged as a star since he arrived on the scene late in the 2020-21 season and was scoring at a 46-goal pace before undergoing season-ending shoulder surgery.

Canadiens head coach Martin St. Louis seemed to revive Caufield after a miserable start to his rookie season and since the Canadiens’ new bench boss took over Caufield has been the centerpiece of Montreal’s offensive attack.

He won’t turn 23 until January, and his chemistry with team captain and franchise face Nick Suzuki is something Montreal can build around as they continue a rebuild. It’s overwhelmingly likely that the Canadiens would prefer a long-term extension for Caufield, similar to the eight-year deal former GM Marc Bergevin inked with Suzuki in 2021.

But the main question is whether the two sides can reach an agreement on a long-term deal both sides are satisfied with, as there are some questions that will need to be answered. While they remain likely to prefer a long-term deal, could the Canadiens be more hesitant to pay top dollar for a Caufield extension given Caufield’s shoulder injury?

On the flip side, could Caufield prefer a shorter bridge contract in order to sign his long-term deal a little further down the line when he won’t have his injury hanging over his head, and when the salary cap will be quite a bit higher? Those are difficult questions to answer, but thankfully for Canadiens fans the bottom line is there does appear to be a shared desire to find a long-term solution that keeps Caufield with the 24-time Stanley Cup champions.

F Denis Gurianov – Acquired in a straight swap for veteran scorer Evgenii Dadonov, Gurianov flashed some serious promise in Montreal but also remained mired in similar inconsistencies to the ones that doomed his tenure with the Dallas Stars. The 2015 12th overall pick turns 26 this summer and is eligible to receive a qualifying offer at the $2.9MM he made last season. After he scored five goals and eight points in 23 games in Montreal, the Canadiens will need to decide if they have a place for Gurianov next season, and if so whether they’re willing to keep him at his qualifying offer price tag.

As the success of offseason trade acquisition Kirby Dach illustrated, the Canadiens believe they have an exceptional player development infrastructure and the type of environment in place to allow underperforming players to take new steps forward in their careers. It’s possible that they’ll want to see what their staff can do with Gurianov given more time, though it does seem more likely that they’d prefer to retain him at a cap charge a few notches below his qualifying offer.

F Rafael Harvey-Pinard – Harvey-Pinard burst onto the scene after Caufield’s injury and ended up finishing the season tied for fourth on the Canadiens in goal scoring, proving to be a major success story for the Canadiens’ development pipeline. He scored 14 goals in just 34 games and showcased the kind of work ethic and hockey sense that reminded some fans of players such as Brendan Gallagher and Artturi Lehkonen.

A 2019 seventh-round pick, Harvey-Pinard has scored exceptionally well at the AHL level (56 points in 69 games in 2021-22, 16 goals, and 31 points in 40 games this past year) and seems to be a potential long-term NHL player for the Canadiens. It’s probably a bit too early for the team to consider an extension with significant term attached for Harvey-Pinard as he still has just 38 NHL games on his resume, but a short-term one-way deal that gives Harvey-Pinard the platform to shine on the Canadiens’ roster on a more extended basis could be the right move for both parties.

Other RFAs: F Jesse Ylonen, F Lucas Condotta, F Mitchell Stephens, F Joel Teasdale, D Nicolas Beaudin

Key Unrestricted Free Agents

F Sean Monahan – While the main reason the Canadiens acquired Monahan last summer was to acquire the first-round pick the Calgary Flames sent with him, early this season it seemed Montreal had unlocked something in Monahan as well. The 28-year-old averaged nearly 28 goals per season from 2013-2020 but had recently seen injuries decimate his on-ice effectiveness and availability. That paved the way for the Flames to pay the Canadiens to acquire him and for Monahan to get a clean slate to attempt to revive his career.

After 25 games, it seemed that he’d done exactly that as he’d scored 17 points, good for a 56-point 82-game pace. But once again major injuries prematurely ended Monahan’s season, and placed the future of his career into serious question. If he can remain healthy, he’s the type of player nearly every NHL team could find a place for. But he’s unfortunately been unable to find the ice consistently in recent years, and any interested teams will have to factor that into whether they offer him a contract.

The CBA has provisions placing Monahan in a unique position, where he will be eligible to earn performance bonuses on his next contract as a player who has played over 400 NHL games and spent over 100 days on injured reserve. Could an incentives-laden one-year deal returning Monahan to Montreal make sense for both sides?

F Jonathan Drouin – While it’s to a lesser extent than Monahan, injuries have also laid waste to the recent seasons of Drouin’s career. Significant wrist troubles have sapped much of the luster from a shot that scored 21 goals earlier in his career, and Drouin scored only two goals in 58 games this past season. Now 28 years old, it’s clear the 2013 third-overall pick isn’t going to be the star offensive generator he was once promised to become.

But what’s also clear is that Drouin still has something to offer an NHL club. Despite lacking the ability to threaten defenders and netminders with his shot, Drouin still managed to tally 27 assists and finished with 29 points in 58 games, a 41-point full-season pace. He remains a skilled offensive player capable of contributing on a scoring line, and given his recent struggles he could likely be signed this summer to a relatively cheap contract.

With the ability to sign anywhere, Drouin will likely be more of a priority for clubs hard-pressed by the salary cap looking to add some skill on the cheap to their roster. As a result, it looks increasingly likely that his formal exit from Montreal will come soon.

F Alex Belzile – A well-traveled minor-league veteran, Belzile set a career-high in NHL games played with 31 this season, and scored decently well with 14 points in largely a fourth-line role. Belzile is a versatile depth forward with some physicality to offer and has been a difference-making AHLer for many years now. It’s likely in the Canadiens’ best interest to retain him on a reasonable contract extension to bolster the lower end of their NHL lineup, though one can’t rule out that Belzile’s recent performances might have generated leaguewide interest in his services.

Other UFAs: F Anthony Richard, F Chris Tierney, F Paul Byron, D Frederic Allard, D Madison Bowey, D Corey Schueneman

Projected Cap Space

With Carey Price’s $10.5MM AAV contract now almost certainly a permanent LTIR fixture, the Canadiens have more breathing room under the cap than they might have had in recent years. The expiry of Monahan and Drouin’s two contracts, which together cost over $10MM against the cap, provides additional room for the team to maneuver. While a solid chunk of the Canadiens’ projected $19MM in cap space will be earmarked for a Caufield extension, there remains ample room for the team to operate and potentially make some meaningful additions.

Photos courtesy of USA Today Sports Images.  Contract information courtesy of CapFriendly.

Montreal Canadiens Sign Michael Pezzetta To Two-Year Contract Extension

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The Montreal Canadiens have announced that forward Michael Pezzetta has been signed to a two-year, one-way $812.5k contract extension.

With this extension, Pezzetta will avoid having to become a restricted free agent at the start of the new league year next month, and now has a contract that will walk him to unrestricted free agency in the summer of 2025.

While not the heftiest contract extension in terms of finances (it’s just a shade above the $775k new league minimum) this deal is a solid reward for a player who has quickly endeared himself to Canadiens fans over the course of the last two seasons. The 25-year-old is a 2016 sixth-round pick who spent three seasons developing with the Canadiens’ AHL affiliate, the Laval Rocket, before making his NHL debut in 2021-22.

Despite compiling just 19 points in 107 games at the AHL level, Pezzetta managed to play 51 games with the Canadiens in the 2021-22 season, and this past year had his first campaign spent entirely at the NHL level.

While the former Sudbury Wolves captain has scored at a similarly low rate in the NHL (26 points in 114 games) and has averaged under nine minutes of nightly ice time across that span of games, he’s nonetheless managed to skate in head coach Martin St. Louis’ nightly lineup more often than not.

He’s earned his current role on the Canadiens on the back of his work ethic and energetic physical play. At this sort of price tag, it’s easy to see why Montreal would want to keep Pezzetta around to maintain the depth on their NHL roster.

More On Toronto’s GM Search

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The Toronto Maple Leafs have a critical offseason ahead of them, with decisions on the future of several core players, potential extension talks with Auston Matthews, and a roster with ten pending unrestricted free agents. All of this to do, and no general manager to do it.

Toronto continues to search for a new front office leader after firing Kyle Dubas following another disappointing playoff exit. Frank Seravalli of Daily Faceoff reports four names—Brad Treliving, Jason Botterill, Peter Chiarelli, and Marc Bergevin—that he expects to have interviews with the Maple Leafs.

Treliving, in particular, seems to have plenty of momentum as a top candidate after exiting the Calgary Flames earlier this spring. The veteran executive had been GM of the Flames since 2014, previously serving as an assistant with the Phoenix Coyotes.

Chiarelli, Bergevin, and Botterill should all be very familiar to Maple Leafs fans, given their respective terms as general managers of the Boston Bruins, Montreal Canadiens, and Buffalo Sabres. They are also likely not very exciting choices, at least from the fans’ perspective, given their questionable roster management in the past.

Still, it seems likely that Toronto will go with an experienced NHL name this time around as they try to figure out what’s holding them back from playoff success. Since Matthews and the rest of the young core debuted in 2016, the team has had just one playoff victory past the first round.

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