Montreal Canadiens goalie Carey Price has come out and stated that he is open to the Montreal Canadiens trading his contract if it would help out the Habs.
This is an excellent gesture by Carey Price, but he has a complicated contract, and it will not be easy for GM Kent Hughes to move his contract as he did with Shea Weber’s.
Does a Carey Price trade to the Toronto Maple Leafs make sense?
It has been rumored that the Toronto Maple Leafs are looking to acquire Carey Price’s contract. However, in order to do so, they may need to free up roster space by removing either Matt Murray or Jake Muzzin’s contract.
For the Leafs to trade for Carey Price, it would be most advantageous if they could get as close as possible to the maximum salary cap number. This is because it would enable them to fully utilize Price’s $10.5 million salary cap hit before the start of the NHL season.
The one major hurdle the Leafs would have with Price is he will earn $8.5 million this season — including a $6.5 million signing bonus — and $7.5 million in each of his last two seasons, including a $5.5 million signing bonus each year.
Only a handful of teams can handle paying out that type of money; the one team with the cash flow and high forward salaries is the Toronto Maple Leafs which would love to utilize an LTIR hit of $10.5 million.
I’m pretty sure because he’s injured, the contract is paid by the insurance. I’m not as sure about bonus payments though. That’s why teams will trade for contracts that players will never play again. They don’t have to pay out the money that’s owed.