The San Jose Sharks make a bold move, acquiring Carey Price’s contract from the Montreal Canadiens. This strategic trade adds $10.5 million to the Sharks’ salary cap while costing only $2 million in actual cash.
JD Young breaks down the intricacies of this deal, explaining how it benefits both teams. The Sharks gain significant cap flexibility, allowing them to stay comfortably above the salary floor even if they make additional trades. For the Canadiens, it’s an opportunity to escape the LTIR situation, which has become less advantageous under new rules.
The host dives into the Sharks’ current cap situation, now at $86,259,168 – about $18 million over the cap floor. This newfound flexibility opens doors for potential trades involving players like Alex Weinberg, John Klingberg, and Jeff Skinner. Young also explores the likelihood of signing prospect Michael Misa and how it might impact the team’s roster.
Tune in to understand how this savvy move by GM Mike Greer could shape the Sharks’ future and what it means for the team’s rebuilding strategy.
Timestamps:
0:00 Intro: Sharks acquire Carey Price’s contract
3:35 Price contract details and benefits for Sharks
7:41 Trade value and comparison to Shea Weber deal
10:18 Sharks’ updated cap situation after trade
13:22 Breakdown of Sharks’ cap allocation by position
16:29 Michael Misa’s contract situation and expectations
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14 Comments
lol blue sky
Ill take a 5th round pick over a 3rd any day
Ummm. I hope there is more to this trade.
Both teams could have done nothing and been fine. People crying about SJ "only" getting a 5th for doing very little in a pro sports context.
This was a tidy piece of business for Grier, yes it helps Hughes and the Habs as well but it provides sneaky benefits to the Sharks. They should quietly be tanking this year for McKenna, and the gathering of extra assets for the future using all the expiring deals will end up making a huge difference. If they can get McKenna with the core they already have plus all those extra assets for the future? Sky is the limit.
Now with Price Contract they reach the cap floor.
You don't need to over spent to reach the cap floor anymore.
Larocque will probably end in Laval (AHL) or Trois-Rivières (ECHL)
2 M$ base salary 5,5 M$ signing bonus total was 7,5 M$ for this year but over 8 years it was 84 M$ / 8 yrs = 10,5 M$ per year AAV.
For me it's MTL 5th round pick for Gannon Larocque (RD) 2021 SJS (4th round 103rd overall) and the Carey Price Contract is just a throw in ! The unknown here is the 5th round pick
Also Sharks have 48/50 contracts signed.
I guess I just don't understand why Grier didn't offload a second contract here. Habs have plenty of openings, so it seems there was little incentive for them to not take on an additional / actually a real AHLer. Does that maybe mean he already has another trade ready to swing?
Price's contract might also have insurance on it, so the sharks might only be on the hook for 800k or so
Why not just outbid Anaheim for Grandlund?
Meh. I’m waiting on the Misa ELC signing