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Carey Price

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.

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.

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.

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.

Morning Notes: Price, Leivo, Duclair

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Despite not having played since the 2021-22 campaign and being unofficially retired, Carey Price’s contract could become a trade chip for the Montreal Canadiens in a few weeks. In a new report from RG Media, the Canadiens are already gauging interest in Price’s $10.5MM cap hit, especially for teams looking to create a significant gap between themselves and the salary cap floor, with any hypothetical deal taking place after September 1st.

The significance of the September 1st date lies in the structure of Price’s contract. Despite carrying a $10.5MM cap hit, Price is only receiving $7.5MM in actual salary for the final year of his contract, with $5.5MM of that being paid out via signing bonus on September 1st. Furthermore, with only $2MM remaining, $1.2MM of that will be paid by insurance, leaving the acquiring team on the hook for $800K assuming Montreal pays the first signing bonus.

However, the number of trade partners is thin, as only the Anaheim Ducks, Chicago Blackhawks, and San Jose Sharks would be the only teams to truly benefit from acquiring Price’s contract, although it’s even difficult to make an argument for the Ducks, given that they’re trying to compete this upcoming season. Hypothetically, either the Blackhawks or Sharks could take on the $10.5 million salary cap hit. This move would provide them with greater flexibility to trade higher-priced veterans next season at the trade deadline, such as Alexander Wennberg, Nick Foligno, or Jason Dickinson, without risking falling below the salary cap floor.

Other morning notes:

  • Earlier this morning, Patrick Williams of FloHockey reported that Josh Leivo’s contract with the KHL’s Salavat Yulaev Ufa had been terminated. A few moments later, Williams shared that the KHL is not allowing the termination of the agreement, but Leivo is dealing with significant visa issues. Given the global political climate, it’s nearly impossible to enter Russia from a Western country without a visa, which has caused Leivo to miss a decent chunk of training camp. Leivo was one of the best players in the KHL last season, scoring 49 goals and 80 points in 62 games with a +26 rating.
  • Last season, an end-of-the-year feud between New York Islander Anthony Duclair and head coach Patrick Roy caused the former to step away from the team. Still, Duclair is coming into the 2025-26 season more motivated than ever. In a new article from Stefen Rosner of The Hockey News, Rosner quoted Duclair saying, “The Islanders right now are my team. I love them. I love playing for them. I love the fans. We got a great hockey rink. It’s been a joy, and  I’m looking forward to a great season. And I’m looking forward to bouncing back and hopefully getting into the playoffs.“

Carey Price Confirms He Won’t Return To Play

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Legendary Montreal Canadiens netminder Carey Price confirmed to reporters today his nagging knee injury will prevent him from returning to NHL play “barring a miracle,” expected news after missing the entire 2022-23 season and all but five games in 2021-22. Price had left the door open to a return at the beginning of last season but mentioned he was still having trouble with day-to-day activities and would have to wait and see how much he improved over the coming months.

Price said today he’s still not where he’d like to be in terms of his quality of life and, therefore, is all but closing the book on his 15-year NHL career. He is one of the best netminders in franchise history for a team stacked with legends such as Ken Dryden, Jacques Plante and Patrick Roy. While never winning a Stanley Cup, he got awfully close in 2021 as he guided the Canadiens on a miracle run to the Stanley Cup Final in what would be his final full season. He does have some significant hardware to his name, however, winning the Vezina and Hart Trophies in the 2014-15 season.

Selected fifth overall in the 2005 NHL Entry Draft, Price is the best of a quartet of elite netminders to come out of the class, which included Ben Bishop, Jonathan Quick and Tuukka Rask. While he wouldn’t make his NHL debut for another few years, he made his presence known immediately as a rookie in the 2007-08 season. While starting just 40 games, he still managed to finish fourth in Calder voting and ninth in Vezina voting after posting a 24-12-3 record and a .920 save percentage. He would eclipse the .920 mark five more times over the years, including a four-year stretch from 2013-14 to 2016-17, when he was arguably the most dominant netminder in the league when healthy. Despite all that, he would be woefully overlooked when it came to awards voting, only earning a Vezina Trophy nomination twice.

That aforementioned four-year run was enough to make Price the highest-paid goalie per season in NHL history, inking an eight-year, $10.5MM AAV extension with the Habs on July 2, 2017. That contract, with a full no-movement clause, will remain in effect through the 2025-26 season. Price said today he’s open to the Canadiens trading his contract to alleviate any potential salary cap issues.

His 712 NHL games are the second-most all-time among goalies who spent their entire NHL career with one franchise, trailing only Henrik Lundqvist. At career’s end, he boasts an all-time record of 361-261-79, 49 shutouts, a 2.51 goals-against average, and a .917 save percentage. He holds Canadiens franchise records for both games played and wins.

Unfortunately, nagging hip and knee problems which exacerbated over the course of the 2021 playoffs were simply too much to overcome in order to make a full-time NHL return. Price wasn’t expected to miss any time after the initial surgery, undergone after the Canadiens left him exposed in the 2021 Expansion Draft for the Seattle Kraken. In fact, the Canadiens said themselves he’d be ready for opening night in 2021-22. He entered the NHL/NHLPA Player Assistance Program at the beginning of 2021-22, however, and sustained a setback while training for his return after exiting the program in January. He got healthy enough to play at the tail end of the season, but the appearances caused further swelling in his knee – making it clear his playing days were potentially coming to an end.

All of us at PHR wish Price the best as he puts his true focus on the post-playing aspect of his career.

Photo courtesy of USA Today Sports Images.

List Of Players Expected To Start 2023-24 On LTIR

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We’re at the point in the summer where most major signings are complete, meaning only a handful of free agents left on the market could still command over the maximum buriable threshold of $1.15MM per year on their next contract. That means financial pictures are mostly set league-wide, and general managers can now focus more on the arduous task of salary cap management.

For many teams nowadays, long-term injured reserve (LTIR) is an important tool in helping teams keep below the salary cap’s Upper Limit, which is set at $83.5MM for 2023-24. It’s not as straightforward as it seems at first glance, though. Placing a player on LTIR does not eliminate their cap hit from the team’s books until they’re activated again. Instead, a team only gains cap relief if they exceed the Upper Limit, and the specific amount of relief received depends on the team’s cap situation on the day they place a player on LTIR. A more detailed explanation of how LTIR works can be found on CapFriendly.

All LTIR situations are not created equal. To be eligible for LTIR, a player must miss at least ten games or 24 days of action. However, they don’t need to be placed on LTIR if they’re projected to miss more than that amount of time. Oftentimes, a team operating far below the Upper Limit that won’t need any relief will simply keep the player on standard injured reserve, especially if they’re relying on an injured player’s cap hit to stay above the Lower Limit (set at $61.7MM next season).

With that said, here is a list of players who are projected to meet the injury requirements for LTIR to start 2023-24:

Atlantic Division

Buffalo Sabres – Jack Quinn

This offseason was a tough break for the young Quinn, who sustained an Achilles injury during offseason training in June and is expected to be out of the lineup through Thanksgiving. While eligible, he’s unlikely to actually be placed on LTIR. He’s still on his entry-level contract and carries a marginal cap hit of $863K, making a move extremely inconsequential to the Sabres, who CapFriendly projects with over $6MM in space.

Florida Panthers – Aaron Ekblad, Brandon Montour

The Panthers are set to begin the season without the services of their top two defensemen, thanks to shoulder injuries sustained and exacerbated during their run to the 2023 Stanley Cup Final. Combined, the players carry a rather significant $11MM cap hit, which should give the Panthers some season-opening flexibility. Ekblad’s expected to miss more time than Montour, but neither is expected to miss the whole season – both should be back in the fold by the time the calendar flips to 2024. CapFriendly currently projects the Panthers dipping into LTIR relief by $1.175MM to start the season.

Montreal Canadiens – Carey Price

The team’s legendary netminder isn’t expected to play again after a knee injury, and he hasn’t suited up since the end of the 2021-22 campaign. He’ll likely spend the last three seasons of his contract (carrying a $10.5MM cap hit) on LTIR. As we covered earlier in the week, Montreal is in a bit of a no man’s land with Price’s contract. They’ll likely either look to shed salary to get under the Upper Limit entirely (which they currently sit around $5MM over) or add money to maximize’s Price’s LTIR relief, which they could then weaponize in-season to be a cap broker for trades.

Tampa Bay Lightning – Brent Seabrook

Like Price, Seabrook will be on LTIR for the remainder of his $6.875MM cap hit contract, which expires next summer. Acquired from the Chicago Blackhawks after his injury made it clear he wouldn’t play again, Seabrook has provided additional options for cap flexibility for the Lightning over the last two seasons. Tampa is expected to use close to all of Seabrook’s potential relief to stay compliant throughout the season.

Toronto Maple Leafs – Jake Muzzin, Matt Murray

While not confirmed, Muzzin’s playing future remains in serious doubt after sustaining a cervical spine fracture at the beginning of last season. No recent update has been issued on his recovery, and he’s expected to miss the entire 2023-24 campaign and will spend the final year of his contract on LTIR. Murray’s situation is shrouded in much more mystery, however. The team announced last month he’d begin next season on LTIR, but no specific details of his injury were confirmed, and no timetable was issued for a potential return. Murray missed significant time last season with a concussion and an adductor injury.

Metropolitan Division

Philadelphia Flyers – Ryan Ellis

Forwards Cam Atkinson and Sean Couturier are expected to return to the lineup after missing all of last season with injuries, but the same can’t be said for Ryan Ellis. President of hockey operations Keith Jones said a few days ago that Ellis is unlikely to “be able to continue his playing career because of a torn psoas muscle in his back.” Ellis played just four games for the Flyers after they acquired him from the Nashville Predators in 2021 before sustaining the career-ending injury.

Washington Capitals – Max Pacioretty

Pacioretty’s timeline for a return after sustaining back-to-back Achilles injuries isn’t clear, but he likely won’t be available to the team to start the season and should meet the requirements for LTIR. The financial circumstances surrounding the potential relief will be tricky to navigate given the performance bonuses included in his contract, however. Pacioretty should be joining the Capitals after signing a one-year deal last month, sometime in November or December if everything goes well in his recovery.

Central Division

Arizona Coyotes – Jakub Voracek, Shea Weber, Bryan Little

All three are players acquired by the Coyotes for the express consideration of helping them stay above the cap floor – which they are now far above after being big players on the free-agent market this summer. Nonetheless, all three are done with their NHL careers due to various injuries and will remain members of the Coyotes organization by contract only.

Colorado Avalanche – Gabriel Landeskog

Colorado will be without their captain for a second straight season after the winger underwent a cartilage transplant on his right knee this summer. Landeskog hasn’t played since hoisting the Stanley Cup in 2022, a playoff run during which he played through a knee injury. He’s signed through 2029, and there’s still the potential he plays again, although it won’t be anytime soon.

Pacific Division

Anaheim Ducks – Isac Lundeström

Lundeström projects to be on the shelf through next January after sustaining an Achilles injury during offseason training in Sweden. Given the Ducks are far from the Upper Limit, and Lundeström carries just a $1.8MM cap hit, Anaheim could keep him on standard injured reserve for the duration of his absence.

Vegas Golden Knights – Robin Lehner

All has been quiet on Lehner’s health after he missed all of last season. The All-Star-caliber netminder had double hip surgery last summer, keeping him out for the entire 2022-23 campaign. He was not around the team at all during their run to the 2023 Stanley Cup, and the team has issued no updates on his recovery since undergoing the surgery last summer. Without any indication that he’s close to a return, Lehner closes out our list.

Free Agent Profile: Jaroslav Halak

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Jaroslav Halak has been on quite the journey since he led the Montreal Canadiens to back-to-back playoff upsets of the President’s Trophy winning Washington Capitals and defending Stanley Cup champion Pittsburgh Penguins back in 2010. Halak was so effective in that run to the Conference Finals that many Canadiens fans wanted the team to keep him and trade his partner, Carey Price. Montreal opted to keep Price and shipped Halak to the St. Louis Blues for a package that included Lars Eller.

The early returns in St. Louis were good as Halak was solid in his first season with the Blues and even better in year two when he and Brian Elliott won the William M. Jennings Trophy for the fewest goals against in the league. That year Halak also garnered Vezina Trophy votes and ultimately finished sixth in voting as he sported a stellar .926 save percentage and a 1.97 goals-against average.

Eventually, the shine wore off in St. Louis and Halak lost the net to Elliot and was traded to the Washington Capitals midway through the 2013-14 campaign. He played well for the Capitals in limited action but the team ultimately missed the playoffs.

That summer, the Bratislava, Czechoslovakia native signed a four-year deal with the New York Islanders with an annual cap hit of $4.5M. The Islanders received excellent goaltending from Halak in his first season with the team as he went 38-17-4 with a .914 save percentage and a 2.43 goals-against average. In fact, through his first three years on Long Island Halak posted a save percentage above .910 every year, and kept his quality starts percentage over 50%, which means his save percentage was above the average more often than not.

It was in the final year of his contract with the Islanders that the cracks started to show in Halak’s game as he struggled in 2017-18 and posted the worst numbers of his career up to that point with a .908 save percentage and a 3.19 goals-against average.

Understanding that his days as a starter were likely ending, Halak signed a two-year deal with the Boston Bruins to back-up Tuukka Rask. Halak ended up playing in almost half of Boston’s games that year and outplayed Rask for large portions of the season in what was one of the best years of Halak’s career as he went 22-11-4 with a save percentage of .922 and a goals-against average of 2.34. Halak would win another Jennings Trophy the following year posting a .919 save percentage in what was another fantastic campaign for the netminder. That season in Boston, the 2019-20 campaign is the last time that Halak has posted a save percentage over .910.

Since the 2019-20 season, Halak hasn’t been able to be counted on to provide consistent play. Halak hasn’t started more than 25 games in the past three seasons, and although that isn’t entirely his fault thanks to injuries and a pandemic, he has been a tick below average when he has played.

At 38-years-old Halak and 17 seasons into his career, Halak has a lot of miles on his body, but he did indicate a month ago that he would like to continue playing. Halak reportedly talked about an extension with the New York Rangers prior to free agency, but ultimately the Rangers decided to sign Jonathan Quick to be their backup, which is a definite downgrade from Halak at this point. Halak needs just five wins to reach 300 and given his track record he should be presented soon with an opportunity to be a backup next season.

Stats

2022-23: 25 GP, 10-9-5, 2.72 GAA, .903 SV%, 1 SO
Career: 581 GP, 295-189-69, 2.50 GAA, .915 SV%, 53 SO 

Potential Suitors

At Halak’s age he probably isn’t looking to get pummeled with fifty shots every night which means we can likely filter out any rebuilding teams. At first glance, the New Jersey Devils and St. Louis Blues are two teams who have a need for depth in net.

The Devils are a team that feels like they are on the cusp of building something great, their defense is mobile and quick, they can push the pace and defend. Their forward group is skilled, fast, and comes at you in waves. But goaltending is their Achilles heel. The Devils have reportedly shown interest in several goaltending options including Connor Hellebuyck and John Gibson, but both of those goaltenders would require large commitments that the Devils might not want to make. But the Devils do need some help in the crease as they will once again enter this season relying on the tandem of Vitek Vanecek and Akira Schmid. Both goaltenders are relatively inexperienced, and while they backed the Devils to the second round of the playoffs last season, they might need an extra set of hands to get the club there again. Neither Schmid, nor Vanecek have a history of playing at a high level in the NHL for an extended period, which means that even a league-average goaltender like Halak could give a big boost to the team’s depth chart and offer up a solution should either man falter.

For the St. Louis Blues, they’ve made some interesting moves over the past year but haven’t done much to address their goaltending. It’s fair to say that the Blues goaltending was porous last season. Jordan Binnington, now in the third year of a six-year $36MM contract, hasn’t been good in two seasons posting a 45-41-10 regular season record, with a 3.24 goals-against average and a .897 SV%. If you take a deep dive into his numbers the picture gets even worse, in the last two seasons Binnington has posted a minus-26.6 GSAA, meaning that he gave up almost 27 goals more than the average NHL goalie would on the same number of shots. Couple this with St. Louis deciding to run with rookie Joel Hofer as a backup and you have a potential recipe for disaster for the Blues. No disrespect to Hofer, who had a terrific year with the Springfield Thunderbirds last season in the AHL, but he is inexperienced and is no guarantee to step up should Binnington falter for a third year in a row. Adding a netminder like Halak might give the Blues a good safety net in case one of their two goaltenders were to struggle or get hurt. He wouldn’t cost anything in the way of assets and could give the Blues some peace of mind.

Projected Contract

A month ago, it seemed like a sure thing that Halak would get a one-year NHL deal for a bit over $1MM. Now a month into free agency, I’m not so sure. I think that barring an off-season training injury before training camps open, Halak will have to settle for a number three role on a team with good depth in net, or a PTO. The experienced veteran would provide a good fallback option in a pinch and can give guidance to younger goalies who might be ahead of him on the depth chart.

I’d be surprised at this point if Halak got over $1MM on his next contract, however, with that being said, injuries can create urgency quickly, especially in net. Halak could be the first netminder who gets a call from a team with thin goalie depth after they get stung by the injury bug. Even if this were to happen, Halak is like to end up with a six-figure deal.

Photo courtesy of USA Today Sports Images.

Carey Price Not Retiring, Focused On Recovery

at CDT | by 2 Comments

Carey Price hasn’t considered retirement, at least not yet. While meeting the media this morning, he explained that he is focused on getting pain-free and will take things day-by-day from there. Price explained that he is still having trouble climbing stairs or with other activities, but hasn’t closed the book on his NHL career.

Price, 35, is still signed through the 2025-26 season, earning at least $7.5MM in each season. That will stay on the books for the Canadiens, though it will be moved to long-term injured reserve every year he isn’t able to play, essentially allowing the team to spend that money elsewhere if needed.

Selected fifth overall in 2005, Price was always touted as the next great Canadiens goaltender. Though he didn’t step directly into the NHL, going back to the WHL for two full seasons, he quickly showed why he was drafted so high upon his arrival. As a rookie in 2007-08, Price posted a .920 save percentage, going 24-12-3 and finishing ninth in Vezina Trophy voting. By the time he was 23, he was leading the league in wins and finishing as a top-10 Hart Trophy finalist.

In 2014-15, both those trophies ended up in his possession, after one of the best seasons the NHL has ever seen from a goaltender. Price led the league with 44 wins, a .933 save percentage, and a 1.96 goals-against average. He added the Jennings and Lindsay to the trophy case as well, but that peak wouldn’t last long. The netminder would end up playing just 12 games the next season, and injuries would start to shape the narrative of his career.

His regular season performance since the start of 2017-18 has continued to decline, registering a save percentage of just .908 over that stretch. Even still, he showed a flash of peak Price in the playoffs, taking the Canadiens all the way to the Stanley Cup final in 2021.

Now, with retirement not on the table, Price says he is hoping to recover from a knee injury without undergoing another surgery – one that he suggests could risk his quality of life down the line. When asked if he’s been told when the knee issues started, Price laughed and said “about eight years old.” He listed off several other injuries he’s experienced – referencing his back, hip, and ankle – explaining that as he got older, it was harder to bounce back from these things.

Whether Price is focused on it or not, the end of his playing career seems closer than ever. He suggested that the surgery on the table – OATS, a procedure that takes cartilage from one area of the knee and grafts it into a damaged area – has a chance of causing further issues, both for his performance and quality of life. Without it, he is not able to train at a high level, meaning he’s just waiting to see if his knee responds to time and rehab instead.

If it is the end, Price would go down with 712 regular season appearances in his career, 28th all-time. His 361 wins put him even higher on the NHL leaderboard, sitting 21st, just ahead of Jonathan Quick.

When asked if he is at peace with the idea that he may have played his last game, Price used the word “miracle” to describe the possibility of a return.

Photo courtesy of USA Today Sports Images

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