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Montreal Canadiens

Canadiens Dead Cap Hit Impact On 2024-25 Salary Cap Situation

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Montreal Canadiens Slafkovsky

The Montreal Canadiens are among the top teams in the NHL when it comes to dead cap hits heading into the 2024-25 season.

The Habs are one of just seven organizations that will have over $5 million in dead cap hit carryover. The dead cap hits include buyouts, bonus overages, and retained salaries.

Montreal Canadiens Bonus Overages Total: $1,022,050

Juraj Slafkovsky’s 20th goal in the last game of the season led to a $250,000 increase in bonus overage. In total, Slafkovsky earned $500,000 in bonuses this season, including a payday for reaching a time-on-ice target.

Both Justin Barron and Kaiden Guhle earned time-on-ice bonuses worth $225,000, whereas Jayden Struble earned a $57,500 bonus for games played.

Finally, Sean Monahan earned a $15,000 bonus for games played before he was eventually traded to the Winnipeg Jets.

Montreal Canadiens Retained Salary Total: $4,268,750

The Habs retained 50 percent of Jeff Petry’s salary cap hit in the trade that saw him join the Detroit Red Wings, as well as 50 percent of Jake Allen’s salary cap hit in the trade that sent him to the New Jersey Devils.

The Petry trade will cost the Canadiens $2,343,750, whereas Allen’s will occupy $1,925,000 in dead salary cap space.

Neither deal significantly improved the Canadiens, making the dead cap space hits rather unfortunate from an asset management standpoint.

Fortunately, Karl Alzner’s buyout ($833,333) and Joel Edmundson’s retained salary ($1,750,000) come off the books this summer, easing some of the financial impact of the Allen and Petry trades.

Impact On The Salary Cap Situation Next Season

Management has suggested it’s an important summer, as they’re preparing to take the biggest step in the team’s rebuild process; becoming a legitimate playoff contender.

When we originally projected the Montreal Canadiens salary cap situation heading into 2024-25 we came to the conclusion that the Habs would have a little over $17 million in available funds under the salary cap.

However, we also noted that this did not include dead cap hits, as the exact information on the performance bonuses was not available at the time.

This means Kent Hughes will have closer to $12 million in salary cap space next season, which is still more than enough to improve the team via trades or free agency.

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Peter

Everyone got their money’s worth from Monahan as he actually played 83 games this season to lead the league.

Dana

Lots of options and it promises to be a very busy 16 months as the roster gets transformed. Next summer offers a very strong UFA class and I wonder if the preference is to go through the 2 drafts the trade deadline next season and possible trades this summer and next before adding a material free agent piece or pieces next summer, but I guess it depends on lots of factors including who they can sign this summer. Next year, Armia, Savard and Dvorak deals are up which is about 12.5m which adds to the financial flexibility and opens roster spots and the Allen and Petry retentions will have expired. The financial flexibility will be another tool for Hughes to leverage.

Alex

At that moment we will need to find a way to get Anderson and Gallagher of the books. They are the last two financial deadweights.

Dana

While it would certainly be very helpful, I’m not sure it’s urgent. We will have lots of young players not earning big money so it should be manageable, if Kent doesn’t find another solution. It will restrict his maneuverability but he could always do the opposite of the Monahan deal with Calgary where he coughs up a pick and maybe more to get another team to take the player with the bad contract. Who thought he’d get rid of the contract of Mike Hoffman?

habbycat

That’s a good thought. It’s possible we will be loaded with more talent than we can sign within a couple of years. If we only need to fill out our bottom 6 by then we could also take a player back that we can put to good use.

Jay

It will never happen. Gallagher is never going to be a tradeable asset because of his declining performance. His age, lack of skating speed and bad contract are not selling points. The Habs ca only hope that they can maximize on what he does offer (work effort and tenacity). Anderson could have a turnaround, but his contract is almost as untradeable as Gallagher’s. He still has speed and a big body; his problems are more mental as he doesn’t seem to adapt to the game that MSL is coaching.

habbycat

Yup, I think MSL worked wonders with Caufield and Slaf, but Andy plays a very different game than either of those guys. Maybe he can be matched up with Dach and coached back to at least his old style of play. I don’t think he can learn to think the game the way MSL, Caifirmeld or Slaf do.
For Gally, it’s a trade on his last or maybe second last year with max. retention. He would be good for a team like Buffalo that needs to imprint a new and better culture in their room.

Last edited 14 days ago by habbycat
habbycat

Hopefully Anderson will show signs if life next season that make him tradeable, and Gally continues at a 20 goal pace at least to take some of the sting out of his CAP hit while providing his regular style of leadership. Can’t see trading him until his last year with probably 50% retention.

B Seney

If Gally plays the way he played the last 20 games his cap hit although too high will at least be soften by his abilities to play Gally hockey.