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Price’s new deal – and another reason why Habs fans are dummies.

  • So Carey Price signed a two year deal yesterday. Contrary to the garbage and innuendo that has been brought up over the past few months in the media and amongst our fanbase about Price wanting out of Montreal or threatening a lengthy contract holdout, he signed on the dotted line ensuring that he will remain a Canadien for two more years. After those two seasons he will still be an RFA, although with arbitration rights.

    The two sides never publicly wavered in their belief that a deal would be in place before the team started its pre-season training. Dave Stubbs, in an interview with Price’s agent Gerry Johannson, revealed that Price’s intentions had never changed throughout the process. All parties understood that it would take time to settle on the value of the contract. In fact these were things that many people within the situation – and close to it – were saying the entire summer.

    Of course those weren’t the voices that Habs fans chose to listen to. The voice of reason is never popular among those who crave insanity. All summer we heard utter garbage about the player, the situation, and the team. We heard that Carey was demanding trades. We heard that he was going to hold-out. The truth of course was that often contract negotiations take time. The figure that was reached is reasonable given the host of circumstances that play into determining the value of a contract.

    I was not shocked this morning when I began to read some of the comments on the plethora of Habs related sites that I visit each day. Unsurprisingly, many Habs fans are aghast at the value of Price’s deal. Frankly, there would be no pleasing a certain element of this fanbase who crave blood more than Cups. We’ve seen it time and time again with player-after-player who are forced out of town by the sensationalist element that holds far too much air-time when it comes to opining all things Canadien.

    The truth is Price’s contract is exactly where it should be given the market conditions that exist in the NHL right now. Price makes slightly more than Dwayne Roloson, and $650,000 per year less than Pekka Rinne – who many pundits believe is just about the best value-for-player contract among NHL goalies. I invite everyone to go to and peruse goalie salaries themselves. The fact remains, that for all the griping about the “big money” of Carey’s contract, it is actually incredibly reasonable. Especially so, when you consider the tax burden for players signing in Quebec as compared to other players. It costs more to play here. Its a fact that everyone ignores, but is critical in understanding why the Habs have been on the “generous” side more often than not in contract negotiations.

    Even so, consider the other goalies in the league right now. Pascal Leclaire makes $3.8M. Even if they were paid the same salary, would you rather have Leclaire or Price in net? How about JS Giguerre at $6M? The Wild are spending $7.2M on goaltending – where did that get them last year? Cam Ward had a fantastic rookie year that saw him win a cup. Since then he’s looked an awful lot like Carey Price. The only difference of course is that Carolina pays him $6M per season. The fact that the Canadiens have managed to trim their goaltending costs to $3.75M for next season is incredible. The Habs have the 11th lowest salary total for goalies in the NHL, which will allow Gauthier the necessary room to make a deal should one present itself.

    Of course the element who propagate rumours and trouble surrounding the club won’t see this deal for what it is. This deal will now make Carey a lightning rod just like Theodore, Ribiero, the Kostitsyns, Kovalev and so on. They make a huge production over the perception that the Habs could have saved $250K-$500K on Price – their starting goaltender who they’d like to keep happy and in town for as long as possible. Its a joke. I’d like to bet that few of those who are chirping now about the contract have actually ever been through a contract negotiation. There is no guarantee that a guy like Niemi would have signed here for the same number as in California – especially since his arbitration was so late in the UFA season! Look no further than the $3.8M Ottawa is spending on Leclaire as evidence that it costs money to bring UFA goalies to Canada.

    Price is signed for 2 years at a reasonable rate and will be an RFA under Montreal’s control when the contract is up. For me this is a great deal.

    What do you guys think?

  1. I could not agree more with you Matts, Lets consider the alternate scenario. We trade Price and sign Halak. He obviously wanted $4M, had he gone to arbitrartion he probably would have got it, then we would have had to decide if we were prepared to pay him that much if not then like so many others we would had to walk away from the award or have 6M invested in cap space for goalies. Price would have wnet on and probably been a alstar goalie somewhere else and we would be regretting the decision to trade him. Not only that but we would have lost our entire goalie depth in one fell swoop. This was the only decision to make and obviously the correct one for the GM to make. Don’t be surprised if Halak has a bad year or is not as consistent this year as last.

  2. #2 Mats Naslund says:
    September 4, 2010 at 10:36 am

    Thats the thing Senet, people often forget that Halak was arbitration eligible THIS season, as opposed to Carey who wouldn’t be until his next contract. The difference between the two situations is immense. It means the Habs can have discounted goaltending instead of over-paying. Jaro could struggle, or he could light it up. There is no way that we could have kept both. Jaro was signed cheaper because his new club committed to 4 years. That could be a great move if he continues what he has done, but it is a huge gamble… one the Habs didn’t have to make. Carey gave them a cheaper option which means they can spend more on the rest of the club – which will ultimately make MUCH more of a difference to whether they are successful or not.

  3. Exactly, Mats. Everyone becomes so emotional that they do not think the entire situation out as Management has to do. The Cap is the biggest problem for most GM’s to deal with. Just imagine if he had kept both or had signed Halak for $4M and a back up for $1.5-2M, we would have $6M tied up in cap space for our goalies, which means we probably could not have signed Plex. or some of our other players. I mean we already had to let Moore and Metro go becuase we could not afford to sign them. People who criticize these GM moves just do not have a grasp for what the GM has to deal with.

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