Montreal Canadiens Trade Carey Price's Contract to San Jose Sharks

What's Happening?

The Montreal Canadiens have traded Carey Price's contract along with a 2026 fifth-round pick to the San Jose Sharks in exchange for minor-league defenseman Gannon Laroque. Price, who has not played since the 2021-22 season due to injuries, announced in 2023 that his playing career is effectively over, although he has not formally retired. The trade allows the Sharks to comfortably reach the salary cap floor with Price's $10.5-million cap hit, while the Canadiens can accrue cap space throughout the season without using long-term injured reserve. Price spent his entire 15-year career with the Canadiens, achieving a franchise-best 361 wins and winning the Hart and Vezina Trophies in 2014-15.

Why It's Important?

This trade is significant for both teams involved. For the Sharks, acquiring Price's contract helps them meet the salary cap requirements, which is crucial for a team in a rebuilding phase. For the Canadiens, the trade provides financial flexibility, allowing them to manage their salary cap more effectively throughout the season. Price's legacy with the Canadiens is notable, and his contract's movement marks a shift in the team's strategy as they look to the future. The trade also highlights the ongoing challenges teams face in managing player contracts and salary cap constraints.

What's Next?

The Canadiens will begin the season with increased cap space, potentially allowing them to make strategic acquisitions or adjustments as the season progresses. The Sharks, on the other hand, will focus on integrating Laroque into their minor league system and continue their rebuilding efforts. Price's future remains uncertain, as he has not formally retired, leaving open the possibility of future involvement in hockey, whether in a non-playing capacity or otherwise.