Montreal Canadiens State Of the Rebuild – Grading Trades (Part 2)

The next Canadiens trade on the docket was the epitome of a one-sided win for the Hughes. Montreal acquired Sean Monahan and a first-round pick from the Calgary Flames in exchange for future considerations.

We don’t need to spend much time on this one.

Individual Trade Grade: Hughes used the Canadiens’ financial flexibility to add a good player to the lineup, not to mention a first-round pick that included a ridiculous number of conditions. It was particularly interesting because the outgoing general manager, Marc Bergevin, always boasted about his team’s salary cap maneuverability, but never managed to take advantage of his expiring asset.

10/10 (Does this thing go up to eleven?)

Heading into the 2023 NHL Draft, the Habs traded a first-round pick (No.31 Mikhail Gulyayev) and a second-round pick (No.37 Ethan Gauthier) to the Colorado Avalanche in exchange for Alex Newhook.

I’ll admit that I did not love the trade at the time because the Newhook I watched in Colorado was far from an impact player. I also thought the Canadiens should have used their draft picks to add more talent to the prospect pool, which is never a bad idea during a rebuild.

Both Gulyayev and Gauthier are talented prospects, and if they eventually ascend to the NHL and make an impact in the league we can re-assess the trade outcome, but for now, the Canadiens put their hands on a talented forward who can help out in the top six, one of their greatest areas of weakness.

Individual Trade Grade: Newhook needs to improve his underlying numbers, as he’s currently well below average in a few important statistical categories, particularly defensive metrics, but he’s an offensive-minded player on a team that lacks options up front, and there’s certainly value to his presence in the lineup.

7.5/10

When the Canadiens re-acquired Jeff Petry alongside Casey DeSmith, Nathan Legare, and a second-round pick in the three-team trade that saw Erik Karlsson join the Pittsburgh Penguins, many of us were left scratching our heads.

The Habs had only recently moved on from Petry, and there was little to no chance he would want to join the team for the 2023-24 season. Of course, the cost was reasonable, as the Habs managed to move overpaid forward Mike Hoffman and depth forward Rem Pitlick in the process.

Individual Trade Grade: At the very least, it showed that Hughes was willing to think outside the box when it came to removing some of the questionable contracts signed by Bergevin.

In addition, DeSmith had fairly good numbers as a backup goaltender, which would hopefully lead to some offers from a team looking to improve their goaltending depth.

6/10

The shoe finally fell when the Canadiens moved Petry to the Detroit Red Wings in exchange for Gustav Lindstrom and a conditional fourth-round pick in 2025 (the later of Detroit or Boston’s pick that year).

Lindstrom had some of the worst numbers in the league while he was playing for the Red Wings, and things did not improve once he took to the ice for the Habs. To make matters worse, the Canadiens agreed to retain 50 percent of Petry’s salary in the deal.

There’s a human element to this trade. Petry wanted to head to the United States and Hughes obliged him. That will garner points among the members of the NHLPA, but it did not do any favours for the Habs in the short term.

Individual Trade Grade: I understand why the trade happened the way it did, but the low-value return was simply not good enough to suggest this was a good trade for the Habs, especially since they retained salary. Fortunately, it finally put an end to the Petry saga in Montreal.

2/10

The Habs then sent Casey DeSmith to the Vancouver Canucks in exchange for Tanner Pearson and a 2024 third-round pick.

DeSmith would go on to play an important role for the Canucks in 2023-24, and Pearson quickly fell from grace after a relatively strong start with his new team, but I hesitate to judge this trade harshly.

Individual Trade Grade: The goaltender market in the NHL is almost always ice cold, which mitigates much of the potential involved in any goalie trade. The Canadiens also had too many goalies in the mix. Adding a third-round pick is nothing to write home about, but it’s still a positive for a team in the midst of a rebuild.

5.5/10

The forward market heated up ahead of the 2024 NHL Trade Deadline, leading to a trade that saw Monahan join the Winnipeg Jets in exchange for their first-round pick.

We all know late first-round picks are not as valuable as early picks, but it’s borderline impossible to criticize this deal. It was a good return for a player who cost the team absolutely nothing to acquire in the first place.

I’d also like to point out it was the first time in NHL history that a general manager acquired two first-round picks in trades involving the same player. For the record, Tyler Toffoli was also traded to the Jets at a later date, though the New Jersey Devils only received a pair of picks (2024 3rd, 2025 2nd) and they had to retain 50 percent of his salary to get it done.

Individual Trade Grade: Anyone criticizing this deal is simply looking for a nit to pick. It was excellent asset management by the Canadiens, especially since the trade market quickly cooled, leading to poor returns for any selling team down the stretch.

10/10

The final Canadiens trade we’ll consider is the move that saw Jake Allen join the New Jersey Devils on trade deadline day.

The Canadiens retained 50 percent of his salary and received a 2024 third-round pick in return. There’s a condition in the deal which stipulates it becomes a 2025 second-round pick if Allen plays 40 or more games next season and the team he plays for qualifies for the playoffs.

This was fairly decent value given the market for goaltenders, but the return was less important than slaying the three-headed monster that plagued the Canadiens’ crease all season long.

Ideally, Hughes would have pulled the trigger on a goaltender deal much earlier in the season.

To be perfectly fair, there was a deal in place to send Allen to the Devils well before the trade deadline, but Allen had New Jersey on his no-trade list, which led to the veteran goaltender nixing the trade.

This exonerates the Devils to a certain extent. They clearly needed a goaltender throughout the season and by the time they acquired Allen it was a little too late, but they did attempt to make a move at an earlier point.

But it doesn’t exonerate Hughes, as he’s the one who signed Allen to an early contract extension when there was no reason to do so. He also offered a no-trade clause to Allen in the first place.

Individual Trade Grade: This was a necessary trade that took much too long to accomplish. According to many insiders, Hughes was not willing to acquiesce to his demands in trade for Allen, despite many teams being interested in improving their goaltending depth. It was a gamble, and it won’t negatively impact the team beyond next season when Allen’s contract is off the books, but it also created tension among the three goaltenders who were sharing the crease in Montreal. This, along with the Petry trade, was one of the few unforced errors made by Hughes in the many trades he made since taking over as general manager of the team.

3/10

Tune in tomorrow when we focus on the totality of the trades made by Kent Hughes, taking a broader approach to evaluating his workload within the context of the team’s long-term rebuild plans.

Do you agree or disagree with the grades given to the Canadiens trades? If so, let us know what you think in the comments!