Montreal has been active during the past 2 days, signing 3 new UFAs and re-signing RFA goaltender Carey Price to a big long term contract. Full analysis here at “A Winning Habit” is forthcoming but for now lets look at how these new contracts fit in to the Canadiens salary cap structure in a 70.2M cap world.
Cap Hits in Millions of Dollars
Total Salary: 61.3 Million of 70.2 Million
Cap Hit as Percentage of Cap Space
Percentage of Cap Used: 87.3%
Cap Hit as Fraction of Average Cap Roster Spot
Roster Players: 21
Number of Cap Roster Player Fractions Spent: 20.0
Montreal currently has 8.9 million dollars in cap space available and 3 roster RFA’s to re-sign (Subban, Eller and Diaz). With Subban’s anticipated raise these 3 will likely consume the remaining capspace. Any new salary added must be accompanied with salary lost. As expected, the Gomez question factors heavily in what Montreal can do. It has been announced that Montreal will not use the normal buyout rules to get rid of him. What can happen with Gomez though will depend on what is in the new CBA to be negotiated this summer. The AHL loophole may be closed and there is no word of an amnesty buyout period.