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Carey Price Signs New 6-Year Deal With Montreal Canadiens

Carey Price has signed a new deal with the Montreal Canadiens that gives him a big increase in pay.

By Kim McCauley
Mar 11, 2012; Vancouver, British Columbia,CANADA; Montreal Canadiens goaltender Carey Price (31) during the second period against the Vancouver Canucks at Rogers Arena. The Montreal Canadiens won 4-1.Mandatory Credit: Anne-Marie Sorvin-US PRESSWIRE
Mar 11, 2012; Vancouver, British Columbia,CANADA; Montreal Canadiens goaltender Carey Price (31) during the second period against the Vancouver Canucks at Rogers Arena. The Montreal Canadiens won 4-1.Mandatory Credit: Anne-Marie Sorvin-US PRESSWIRE

The Montreal Canadiens have retained starting goaltender Carey Price, locking him up to a new six-year deal that will keep him with the team until he's 31 years old. Price has been with Montreal, the team that drafted him, for all five years of his professional career.

Montreal did not disclose the financial terms of Price's new contract, but his new deal is believed to be worth a total of $39 million. The 24-year-old was 19th in the NHL in both save percentage and goals against average in the 2011-12 season, respectable considering the poor team that was in front of them. The Canadiens finished with the third-worst record in the league and fired coach Jacques Martin in December.

Price split time with Jaroslav Halak for two seasons before Halak was traded, and Price assumed the No. 1 goaltender role at the start of the 2010-11 season. He signed a two-year, $5.5 million contract prior to that season that expired this offseason, so this new deal represents a significant salary increase for Price.

For more on Price and the Habs, head over to Habs Eyes On The Prize.