Cash & Carey: Flames Salary Cap Shuffle Obscures Price Reduction

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The derring-do of Calgary Flames GM Brad Treliving has been justly noted the past week. Faced with losing two franchise players in Johnny Gaudreau and Matthew Tkachuk for nothing— while also balancing a precarious salary-cap crunch— Treliving turned the departures of the two 40-goal scorers into gold. He:

1) traded forward Tkachuk for Florida star winger Jonathan Huberdeau plus Top 4 defence man MacKenzie Weegar.

2) Extended Huberdeau, who tied Gaudreau with 115 points last year, for eight more years.

3) Dumped oft-injured centre Sean Monahan to Montreal, cutting his $6.375 annual cap hit

4) Thus freeing up cap space to sign free agent/ Stanley Cup winner  Nazim Kadri for seven years. 

5) Still has cap and depth to make more moves. Bookies now have the re-made Flames as favourites to repeat as Pacific Conference champions with a vastly overhauled roster. 

Lost in this whirlwind shuffle was the news from Canadiens GM Kent Hughes that Montreal’s star goalie Carey Price was likely to miss most, or all, of next season with a bad knee. Habs fans certainly are devastated. Could it be the end for Price, whom many call the best goalie of the 2005 NHL Draft and his generation? 

If he plays no more Price’s stat line is still impressive. 712 GP/ 361 wins/ 2.51 GAA/ 0.917 save percentage. In 2015 he ran the table with the Hart, Vezina and Lou Marsh Awards. Gold medal at the 2014 Olympics and 2016 World Cup. And, playing in Montreal always helps brush up your HOF resumé.  In our book Inexact Science (ECM Press) we write, “While other players have certainly enjoyed more team success, few from 2005 have enjoyed the individual honours and respect from their peers and opponents that Carey Price has…” 

But wait a minute on those claims of him being the uber-goalie. “While our re-draft of 2005 has Price going after Jonathan Quick, it’s a close race considering Quick has less individual hardware and has dropped off in recent years. (He rebounded with a stellar 2022 playoff series versus Edmonton in which Quick reached first place first place among American goaltenders in playoff shutouts.) 

But Quick’s two Stanley Cups—especially his 2012 Conn Smythe Trophy showing—give him the edge as the most accomplished goalie from this particular draft year. Even if, arguably, his overall talent and technique are not superior to Price’s, his peak proved more productive, more significant and more legendary. 

Plus, he had to fight to reach his esteemed position in the league after being an unheralded third-round pick seven years prior to his 2012 triumph. Let’s say he won the battle if not the PR war with Price.

Price, on the other hand, will have to rack up several appearances and wins for another few years before his Hall of Fame case becomes ironclad. That said, no one in their right hockey mind should argue that a goalie from that same draft, such as Tuukka Rask or Ben Bishop, would have been a better investment for Montreal. While those two have a combined three finals appearances to Price’s zero, their individual awards case isn’t quite as stocked either.”

What’s ironic is that, at the time of the 2005 Draft, NBC analyst Pierre McGuire sourly said of the Price selection, “This is not a fit for Montreal…” Canadiens fans and NHL followers in general were critical of the choice upon its announcement, given the team’s needs at that time. A minority of fans to this day feel the Habs would have been better off taking a strong two-way centre in Anze Kopitar. After all, goalies don’t have to be generational to lead a team to a Cup, whereas legendary centres don’t just fall off trees—something Montreal fans should be well aware of since the retirement of Jacques Lemaire in 1979… 

As McGuire pointed out at the time, Montreal’s netminding inventory was already well stocked… as they owned former Vezina and Hart Trophy winner Jose Theodore plus future number one netminders Cristobal Huet (acquired that draft weekend from the Kings in return for backup and once heir-apparent Mathieu Garon) and Jaroslav Halak. But Montreal still lacked a goalie with the pedigree of a true franchise backstop, something Theodore had provided in glimpses between 1997 and 2004 but usually followed up with disappointing seasons

As it was, “Theo” hit the skids again after the Price selection, struggling badly enough to be traded away to the Avalanche for David Aebischer with just a month to go in the 2005–06 regular season. All of a sudden, Price went up a tick in the Habs’ goalie system. In the next year and change, Price would claim a World Junior gold medal, a Calder Cup and the American Hockey League playoff MVP award (Jack Butterfield Trophy). This was all accomplished less than two years after his selection, we might add. As teenage goalies go, it was a rise not seen since the days of Patrick Roy.

A few months after his AHL glory—and just a month after he turned 20—Price made the big club and then was crowned the starter leading up the 2008 playoffs. He has yet to lose control of the number one job since, all the while setting franchise records for the NHL team with perhaps the richest goaltending history of them all. 

While he gets flak for their Cup-less years of frustration, one can point to the inequalities of the rest of the roster and poor goal support come playoff time as the more obvious culprits (for example, Price posted a 1.78 GAA in the 2020 playoffs, yet only sported a record of 5–5 because his team could barely generate more than two goals per game and were shut out twice along the way).”

Considering Price’s impact on the NHL only reinforces the scene-stealing performance by Treliving in re-tooling his team in a time of salary caps and free agency. Which headline will still be the biggest story in retrospect probably depends on the 2022-23 Flames season. 

Bruce Dowbiggin @dowbboy is the editor of Not The Public Broadcaster (http://www.notthepublicbroadcaster.com). A two-time winner of the Gemini Award as Canada's top television sports broadcaster, he’s a regular contributor to Sirius XM Canada Talks Ch. 167. Inexact Science: The Six Most Compelling Draft YearsIn NHL History, , his new book with his son Evan, was voted the eighth best professional hockey book of by bookauthority.org . His 2004 book Money Players was voted seventh best, and is available via http://brucedowbigginbooks.ca/book-personalaccount.aspx