Canadiens GM addresses potential Carey Price trade

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 $10.5M 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," Hughes said.

The Canadiens are currently $5.93M 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 $6M 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.