Montreal Canadiens trade Carey Price's contract to San Jose Sharks

The Montreal Canadiens have traded the contract of longtime franchise goalie Carey Price to the San Jose Sharks.

The Canadiens will also send a fifth-round draft pick in 2026 to San Jose in the deal announced Friday.

In return, Montreal receives minor-league defenceman Gannon Laroque.

Price is entering the final season of an eight-year, $84-million US deal. The contract carries a $10.5-million cap hit, though just $2 million remains in actual salary after he received a $5.5-million signing bonus on Monday.

Known for his calm demeanour in net — and his windmill glove saves — Price has effectively retired from hockey.

The 38-year-old from Anahim Lake, B.C., hasn't played a game since backstopping the Canadiens to a 10-2 win in their 2021-22 season finale on April 29, 2022.