Aug 2, 2014, 2:54 PM EDT
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.
Jun 29, 2015, 10:55 PM EDT
He played with four different NHL teams last season.
Jun 29, 2015, 10:31 PM EDT
It’s not all about the Zac Rinaldo trade, although that certainly didn’t help.
Jun 29, 2015, 9:29 PM EDT
He establish himself with the team after years of work primarily in the AHL.
Jun 29, 2015, 8:26 PM EDT
San Jose still has an opening on its blueline.
Jun 29, 2015, 8:00 PM EDT
He’ll start the season as Vancouver’s backup goaltender.
Jun 29, 2015, 7:40 PM EDT
They are now set to become unrestricted free agents.
Jun 29, 2015, 6:43 PM EDT
He’ll reportedly earn $1 million next season.
Jun 29, 2015, 6:40 PM EDT
Toronto, Calgary and Pittsburgh are amongst the teams, which have reached out.
Jun 29, 2015, 5:54 PM EDT
The payment will be made on Wednesday.
Jun 29, 2015, 5:13 PM EDT
Bill Hay and Peter Karmanos Jr. are also going in as builders.
Jun 29, 2015, 4:27 PM EDT
Also inside is information about the potential cap recapture situation the Kings might be stuck with.
Jun 29, 2015, 3:53 PM EDT
Jun 29, 2015, 3:25 PM EDT
Processing Monday’s surprising termination.
Jun 29, 2015, 2:45 PM EDT
Could make about a $15 million difference …
Jun 29, 2015, 2:05 PM EDT
The 24-year-old’s three-year, $2.7 million deal is set to expire on Wednesday.
Jun 29, 2015, 2:00 PM EDT
If accurate, that’s $10.4M between Niemi and Kari Lehtonen.
Jun 29, 2015, 1:40 PM EDT
The 24-year-old was a pending restricted free agent.
Jun 29, 2015, 1:27 PM EDT
Get your dog puns ready.
Jun 29, 2015, 1:08 PM EDT
He should draw plenty of free agent interest.
Jun 29, 2015, 12:40 PM EDT
Both players can be bought out on Tuesday, if they clear.
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- Trade: Flyers send Rinaldo to Bruins for 2017 third-rounder 94
- Bypassing a buyout? Kings terminate Richards’ contract for ‘material breach’ 82
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- Hodgson, Stalberg placed on unconditional waivers 24
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- UFA of the Day: Chris Stewart 18
- Penguins sign Ian Cole to a three-year, $6.3 million deal 11
- Trade: Flyers send Rinaldo to Bruins for 2017 third-rounder (96)
- Bypassing a buyout? Kings terminate Richards’ contract for ‘material breach’ (86)
- Trade: Flames land Dougie Hamilton for package of picks (75)
- Trade: Busy Bruins send Lucic to Kings (66)
- Consensus reached: 5 minutes of 3-on-3 OT could be in place for 2015-16 (60)