Canadiens Sign G Carey Price to 8-Year Extension

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The Montreal Canadiens have re-signed starting goaltender Carey Price to an 8-year contract extension that keeps him a Canadien until 2026.

Carey Price will soon be the highest-paid goaltender in hockey.

The Montreal Canadiens signed the 29-year-old to an eight-year extension that reportedly carries an annual cap hit of US$10.5 million. That will soon surpass Henrik Lundqvist for the top annual mark among goalies in the NHL with the New York Rangers veteran currently earning $9.5 million on the cap annually.

Price’s new deal doesn’t kick in until the 2018-19 season and won’t expire until the summer of 2026.

Price, a native of Anahim Lake, B.C., has one year left on a six-year deal signed exactly five years earlier which carried an annual cap hit of $6.5 million. He was due to become an unrestricted free agent next summer.

Price is well deserving of the big raise and distinction of the highest-paid goalie in the league.

He won the Vezina Trophy as the league’s top goaltender in the 2014-15 season and has the highest save percentage (.923) since the start of the 2011-12 season. He finished third in Vezina voting this past season — Columbus’ Sergei Bobrovsky won for the second time — posting a .923 save percentage in 62 starts.

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