Montreal Canadiens
Ideal Scenario For Canadiens Sean Monahan Trade Conditions

When the Montreal Canadiens acquired Sean Monahan in the summer of 2022, they created the most complicated trade in modern NHL history.
The Canadiens acquired Sean Monahan and his $6.375M contract from the Flames along with a conditional 2025 1st-round pick that has confused fans for months. That’s because, on top of the many conditions surrounding this specific trade, previous trades made between the Florida Panthers, Calgary Flames
We’re here to help break it down for you.
Before we even get started with the conditions, it’s important to note that there are three possible scenarios:
-
Swapping for the Flames 2024 1st-round pick (if the pick is between 20th and 32nd overall)
-
Conditions where the Flames receive the Florida Panthers’ lottery-protected 2025 1st-round pick (Matthew Tkachuk trade)
-
Conditions where the Flames don’t receive the Florida Panthers’ lottery-protected 2025 1st-round pick
But First, Let’s Talk About Florida
The Florida Panthers factor into this trade, because their 2025 1st-round pick was included in the upcoming conditions.
After trading their 2024 1st round pick to the Philadelphia Flyers prior to the 2022 NHL Trade Deadline in a package to acquire Claude Giroux, they then traded their 2025 1st round pick to the Flames last summer in a package for Matthew Tkachuk. Each of those picks came with their own conditions;
- Florida’s 2024 1st round pick: If the pick is a top-10 selection at the time of the 2024 NHL Draft, the Flyers would instead receive the Panthers’ 2025 1st round pick and the Flames would receive the Panthers’ 2026 1st round pick.
- Florida’s 2025 1st round pick: If this pick were to be a lottery pick (top-16), Calgary would instead receive the Panthers’ 2026 1st round pick.
Should either of the Panthers’ conditional picks be bumped a year due to subpar performances, it would create a chain reaction that will impact the Montreal Canadiens.
Let’s begin to unpack all this:
Scenario #1: Montreal Canadiens Swap 2025 1st-round pick for 2024 1st-round pick
This is perhaps the simplest scenario of all. If Calgary’s 2024 1st round pick falls between 20 and 32 inclusively, Montreal will have up to 48 hours before the 2024 NHL Draft to decide to take this pick.
However, based on early-season play and current NHL betting odds, this scenario might not even be available to the Montreal Canadiens, as the Flames currently sit 2-6-1 on the season.
Should things continue in this direction, their 1st-round pick will likely be out of range, and thus we move to the 2025 conditions.
Scenario #2: If Calgary receives Florida’s 2025 1st-round pick
Assuming the Florida Panthers 2024 1st-round doesn’t land in the top-10 of the 2024 NHL Draft or that they miss the playoffs in 2024-2025, the Calgary Flames will receive Florida’s 2025 1st-round pick. This ensues the following conditions:
- If neither of Calgary or Florida’s 2025 1st round picks are in the top-10
- Montreal will receive the better of the two 2025 1st-round picks.
- If Calgary’s pick is in the top-10 and Florida’s is not
- Montreal will get Florida’s 2025 1st round pick.
Scenario #3: If Calgary does not get Florida’s 2025 1st-round pick
In this scenario, Florida’s 1st-round pick is either a top-10 selection in 2024 or a top-16 selection in 2025. If either of these outcomes occurs, Florida will have the option of sending Calgary their 2026 1st-round pick instead of their 2025 1st-round pick.
With only their 2025 1st-round pick in tow, the Flames’ compensation to the Canadiens would go as follows:
- If Calgary’s 2025 1st-round pick isn’t in top-10
- Montreal will receive Calgary’s 2025 1st.
- Montreal could also receive an additional 2025 4th-round pick if:
- Florida’s 2025 1st round pick isn’t a top-10 pick.
- Florida’s 2025 1st rounder has been transferred to another club (to Flyers or traded after lottery win).
- Florida’s 2025 1st round pick has a higher draft position than Calgary’s 2025 1st round pick.
- If Calgary’s 2025 1st round pick is a top-10 pick, but not the 1st overall
- Montreal receives Calgary’s 2025 1st round pick.
- If Calgary’s 2025 1st round pick wins the NHL Draft Lottery for the 1st overall pick, Montreal gets
- Calgary’s 2025 3rd round pick.
- The better of Calgary or Florida’s unprotected 2026 1st round picks.
Ideal Scenario for Montreal Canadiens?
With the way the Flames have been playing of late, and the long list of unrestricted free agents they currently have, the club sits at a crossroads of doubling down on their aging core or starting, at worst, a retool to bounce back in a season or two.
That could mean that the Flames’ 2025 1st could be more valuable than picks 20-32 in the 2024 NHL Draft (Scenario #1) or, at best, the 11th overall pick in 2025 with (Scenario #2).
For the Canadiens, the scenario with the most amount of upside would be Scenario #3.
With Scenario #3 the Montreal Canadiens would reeive Calgary’s 2025 1st, which could go as high as 2nd overall in 2025 or, in the event that the Flames win the 2025 NHL Draft lottery and pick 1st overall, an unprotected 1st in 2026 from either Florida or Calgary.
Many possibilities remain, but there still remains a lot of hockey to be played, and, after reading this, a lot of Advil to be consumed.
*For more NHL betting lines and futures, head over to FanDuel.
Marco, I am pretty sure the 2025 Panthers pick scenario was tied to their pick being top 10 or not – not top 16.
That’s how the Habs explained it in their press release the day of the trade:
Here are the conditions associated with the first-round selection acquired by Montreal:
1. In the event Calgary’s own 2024 first (1st) round choice is selection 20-32 (inclusive) (following the determination of the 2024 NHL Draft lottery results), then Montreal shall have the option, exercisable until 48 hours prior to the start of the 2024 NHL draft, to exchange the conditional 2025 or 2026 first round choice to become Calgary’s own 2024 first (1st) round choice); or,
If Florida’s 2025 First (1st) Round Choice Transfers to Calgary (pursuant to the conditions on an earlier trade)
2. In the event the conditions to trigger Montreal’s option as noted in #1 above does not occur, or Montreal declines to exercise this option, the following conditions shall prevail:
A) If both Calgary’s own 2025 first (1st) round choice and Florida’s 2025 first (1st) round choice (previously acquired by Calgary) are not in the top-10 selections of the 2025 NHL Draft (following the determination of the 2025 NHL Draft lottery results), then Montreal shall receive the earlier of the two (2) stated choices; or,
B) If Calgary’s own 2025 first (1st) round choice is a top-10 selection and Florida’s 2025 first round selection (previously acquired by Calgary) is outside of the top-10 selections (following the determination of the 2025 NHL Draft lottery results), Montreal shall receive Florida’s 2025 first (1st) round choice).
If Florida’s 2025 First Round Choice DOES NOT Transfer to Calgary (pursuant to the conditions on an earlier trade)
3. In the event the conditions to trigger Montreal’s option as noted in #1 above does not occur, or Montreal declines to exercise this option, the following conditions shall prevail:
A. If Calgary’s own 2025 first (1st) round choice is not in the top-10 selections of the 2025 NHL Draft (following the determination of the 2025 NHL Draft lottery results), Montreal shall receive Calgary’s own 2025 first (1st) round choice, and additionally,
1) If Florida’s own 2025 first (1st) round choice is not in the top-10 selections of the 2025 NHL Draft (following the determination of the 2025 NHL Draft lottery results); and,
2) Florida’s 2025 first (1st) round choice has been transferred to another NHL Club; and,
3) Florida’s 2025 first round draft position is better than Calgary’s 2025 first round draft position; then Calgary will transfer their own 2025 fourth round choice to Montreal.
B. If Calgary’s own 2025 first (1st) round choice is a top-10 selection (following the determination of the 2025 NHL Draft lottery results), Montreal shall receive Calgary’s 2025 first (1st) round choice, subject to the following condition below:
1) In the event Calgary’s 2025 first (1st) round choice is the first (1st) selection overall in the 2025 NHL Draft (following the determination of the 2025 NHL Draft lottery results), Calgary will retain its own 2025 first (1st) round choice and Montreal shall instead receive Calgary’s own 2025 third (3rd) round choice and a conditional 2026 first (1st) round choice. Montreal shall receive the better of Calgary’s 2026 first (1st) round choice or Florida’s 2026 first (1st) round choice (following the determination of the 2026 NHL Draft lottery results) (previously conditionally acquired by Calgary).
In short, we need to hope FLA has a top 10 pick in 2024 or 2025 in a scenario where CGY decides to blow it up.
Now i realize the Habs edited the press release compared to what it was when the trade was made. This is the cleaned up version: https://www.nhl.com/canadiens/news/canadiens-acquire-sean-monahan-from-flames-335312254
However, on cap firendly, they still talk about the Panthers pick top 10 scenario, not top 16.
https://www.capfriendly.com/draft/2025?pick=13
🤯