The Montreal Canadiens traded Carey Price's final contract year to the San Jose Sharks along with a fifth-round pick, receiving defenseman Gannon Laroque in return, thereby enhancing their salary cap flexibility.
Target Information
The Montreal Canadiens have successfully executed a strategic move to offload the final year of Carey Price's contract, transferring it to the San Jose Sharks along with a fifth-round draft pick for 2026. In exchange, the Canadiens receive Gannon Laroque, a 22-year-old defenseman who has been sidelined for the entire previous season due to injury. Laroque's inclusion in the deal primarily serves to prevent the Sharks from exceeding their limit of 50 operational contracts.
This transaction comes as no surprise, as the Canadiens had been seeking a way to relieve themselves of Price's contract obligations without being hindered by the restrictions of long-term injured reserve (LTIR) lists. With only $2 million remaining in salary for the current season, the majority of this cost will be covered by insurance, easing the financial burden on the Sharks.
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Industry Overview in Canada
The Canadian sports industry, particularly professional hockey, operates under strict salary cap regulations defined by the National Hockey League (NHL). The cap for the current season is set at $95.5 million
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Disclosed details
Transaction Size: $2M