After signing Alex Newhook to a 4 year / $2.9M AAV deal, we now show the #GoHabsGo as being $3,509,166 above the ceiling based on 21 players on the active roster (12F-7D-2G) and 5 players on IR/LTIR.
Carey Price ($10.5 AAV) is also an LTIR candidate.https://t.co/YZYwQ2GMpv
– CapFriendly (@CapFriendly) July 11, 2023
Obviously, a bad season is still on the cards for the Habs, but the club wants to move up. It wants to progress so that, in a year’s time, it’s in a position to take a big step forward.
So, on paper, there’s still one more difficult year to go before we try to make the playoffs.
That’s why it’s interesting to note that, with the signing of Alex Newhook for four seasons, the Montreal Canadiens have clarified their picture for what’s to come.
After all, even if Jesse Ylönen remains to be signed (in addition to Nicolas Beaudin and Lucas Condotta), it won’t be a game-changer for the Habs’ long-term future.
These are more minor matters… and Kent Hughes can go on vacation for a while.
What’s important to note is that in a year’s time, we already know what the financial picture will look like, since the players whose contracts are up for renewal aren’t of the calibre of, say, Cole Caufield.
Arber Xhekaj and Justin Barron will be the club’s two notable RFAs.
Thanks to Newhook’s contract, we know that the Habs will have a good $15 million in cash at the moment – and that’s not counting the fact that Price will be heading to the LTIR during the season, thus adding some extra cash.
If you put Price on LTIR, that number goes up over $25m. There will be bonus overages and the cap might not go up $4m as projected, but there will be a lot of room to make a big move.
– HabsLinks (@HabsLinks) July 11, 2023
And that’s where Kent Hughes can have all the fun.
Because this amount doesn’t take into account the fact that buyouts could take place or that transactions will be made. Joel Armia and David Savard, for example, will be a year away from autonomy…
– To be continued. We knowhe’ll be hired in the next few hours.
Vegas is looking for an assistant coach, so it’s a possible destination. To be continued…⬇️ https://t.co/3u7ue7k2Ev
– Renaud Lavoie (@renlavoietva) July 11, 2023
New number alert ⚠️
– Montreal Canadiens (@CanadiensMTL) July 11, 2023
– CH has bargain potential. [BPM Sports]
– To be continued.