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Carey Price signs 8-year, $84 million contract extension with Canadiens

The star goaltender is locked up in Montreal through 2026.

New York Rangers v Montreal Canadiens - Game Five Photo by Minas Panagiotakis/Getty Images

The Montreal Canadiens have signed franchise goaltender Carey Price to an eight-year, $84 million contract extension, the team announced Sunday. The deal comes with an annual cap hit of $10.5 million, per TVA Sports’ Renaud Lavoie. It will go into effect starting in the 2018-19 season and run through the 2025-26 season.

Price has one year left on his six-year, $39 million deal signed back in 2012 with the Canadiens. He’s now signed through his age-38 season, which gives the star goalie a good chance of lasting his entire career in Montreal.

A new deal for Price was almost a certainty for the Canadiens, who have continued to retool their team for a run at a Stanley Cup. General manager Marc Bergevin has been busy this offseason, as Montreal has added defenseman David Schlemko and forward Jonathan Drouin to the mix.

Price has been a linchpin for the Canadiens through his career in Montreal. In 62 games this past season, Price put up a .923 save percentage. The 29-year-old netminder is a career .920 save percentage goaltender in 509 games played.

The goaltender has also won a handful of awards since starting his NHL career in 2007. In 2015, Price became the first goaltender in NHL history to win the Ted Lindsay, William Jennings, Vezina, and Hart trophies in the same year.