Aug 2, 2014, 2:54 PM EST
The Montreal Canadiens and P.K. Subban weren’t able to come to an understanding before their arbitration hearing Friday morning. That’s water under the bridge now though as Montreal has announced that Subban has agreed to an eight-year extension.
The arbitrator hadn’t ruled on Subban’s case yet and that decision is now unnecessary. Subban’s eight-year agreement with Montreal will start with the 2014-15 campaign.
Montreal didn’t disclosed the financial terms of the contract, but its worth $72 million, according to TSN’s Bob McKenzie. That means Subban will have the third highest cap hit in 2014-15, behind only Alex Ovechkin and Evgeni Malkin. Jonathan Toews and Patrick Kane will surpass all three of them with their matching $10.5 million cap hits, but their contracts won’t take effect until 2015-16.
This marks the end of a period of intense speculation and uncertainty surrounding the future of the 25-year-old defenseman. After missing the start of the shortened 2013 campaign as a restricted free agent, Subban agreed to a two-year, $5.75 million bridge contract. He went on to win the Norris Trophy in 2013 and finished the 2013-14 season with 10 goals and 53 points in 82 games.
He has made it clear that he wants to spend his career with the Canadiens, but immediately following his hearing, the prospects of him getting a long-term deal this summer looked bleak. Now his position as one of the cornerstone’s of this franchise going forward has been cemented.
Mar 2, 2015, 11:23 PM EST
Kimmo Timonen and Antoine Vermette made their debuts.
Mar 2, 2015, 10:49 PM EST
San Jose beat Montreal 4-0 on Monday.
Mar 2, 2015, 9:56 PM EST
An impressive effort for a team going all-in.
Mar 2, 2015, 9:03 PM EST
Then again, Taylor Beck’s helper might have been better.
Mar 2, 2015, 8:14 PM EST
He’ll pair with Sergei Gonchar to start.
Mar 2, 2015, 7:31 PM EST
Adding versatility in a tough West.
Mar 2, 2015, 6:49 PM EST
Quite a rebound from a scary lacerated arm.
Mar 2, 2015, 5:59 PM EST
“We were looking to upgrade, add more of a veteran presence.”
Mar 2, 2015, 5:49 PM EST
“It’s just hard to get a deal done, and you see the prices are so high.”
Mar 2, 2015, 5:25 PM EST
Was it just a sellers’ market?
Mar 2, 2015, 5:10 PM EST
He gets a no-trade clause in the first year of the deal.
Mar 2, 2015, 5:09 PM EST
“Devastating” news for the Calgary Flames.
Mar 2, 2015, 4:47 PM EST
He was scheduled to become a restricted free agent after this season.
Mar 2, 2015, 4:00 PM EST
All the latest leading up to 3 p.m. ET…
Mar 2, 2015, 3:57 PM EST
They were “adamant” about bolstering their blue line.
Mar 2, 2015, 3:44 PM EST
Second trade of the day for Boston.
Mar 2, 2015, 3:38 PM EST
Former 13th overall pick.
Mar 2, 2015, 3:20 PM EST
A 31-year-old for a 23-year-old.
Mar 2, 2015, 3:15 PM EST
For the price of a second-round pick in 2017.
Mar 2, 2015, 3:07 PM EST
Busy day for Montreal.
- Rutherford: ‘Our guys felt very strongly about reacquiring’ Lovejoy 37
- Winners and losers of the 2015 trade deadline 59
- Giordano to have surgery, is ‘done for the season’ 18
- PHT’s 2015 NHL Trade Deadline Tracker 35
- Ducks get their veteran d-man, adding Wisniewski from Columbus 12
- Lovejoy returns to Pittsburgh for Despres 50
- Wild get Stewart as Buffalo-to-Minnesota pipeline continues 53
- Jordan Leopold’s daughter may have orchestrated the Minnesota trade 17
- Wings get Zidlicky from Devils 68
- Can the Wings and Leafs work out a deal for Phaneuf? 49
- Wild beat Avs, dying seconds fight set stage for rematch (171)
- Petrovic: Chicago will ‘probably seek revenge’ for Kane injury tonight (82)
- Trade: Blackhawks acquire Vermette from Arizona for Dahlbeck, first rounder (74)
- Report: Alex Petrovic avoids discipline after injuring Patrick Kane (69)
- Trade: Rangers land Yandle, Coyotes receive Duclair, first-rounder (69)