There is a lot to consider when assessing the actual amount of salary space that will be available to the Montreal Canadiens this summer, especially in regards to Carey Price, but overall, there will be enough of room for the team to maneuver. Although the Habs will have over $17 million in available finances, the timing is important because Price’s deal is still being considered.
With Price’s contract on the long-term injured reserve (LTIR), the Canadiens can achieve maximum financial maneuverability. However, there are certain limits to consider due to the calculation of LTIR. The pay cap will still have an impact on the team’s budget even after a player is placed on LTIR. Having said that, the club is free to spend more than the anticipated $88 million in salary for the 2024–25 season.
What does this difference mean?
The only way for the team to get the LTIR relief payments is if they hit the salary cap. In addition, once factored in, LTIR funds do not accumulate over the regular season like ordinary salary cap space does. The Montreal Canadiens will be limited in their options as they will have to use their usual cap space before entering LTIR area.
