Carey Price Contract

Last Modified Oct 5, 2024 13:18 GMT
2021 NHL Stanley Cup Final - Game Five
2021 NHL Stanley Cup Final - Game Five

Born on August 16, 1987, Carey Price is a retired Canadian professional ice hockey goaltender currently holding a contract with the Montreal Canadiens in the National Hockey League (NHL). Recognized as one of the premier goaltenders globally throughout his career, Price achieved a historic status as the winningest goaltender in Canadiens history, boasting 361 wins by the 2021–22 season. Price secured the fifth overall pick in the 2005 NHL Entry Draft after an impressive second season with the Tri-City Americans in the Western Hockey League (WHL). Price's NHL journey with the Canadiens began in the 2007–08 season as a backup goaltender, eventually evolving into the starting goaltender role.

In a remarkable 2015 season, he achieved a historic feat by winning the Ted Lindsay Award, William M. Jennings Trophy, Vezina Trophy, and Hart Trophy—becoming the first goaltender in NHL history to secure all four awards in a single season. In 2021, Price guided the Canadiens to their first Stanley Cup Finals appearance since 1993, although they ultimately fell to the Tampa Bay Lightning in five games.

Carey Price’s Contract Breakdown

Price has an 8-year contract with an annual cap hit of $10.5 million. The contract started when he was 31 years old and will run until the player is 38, with a total cumulative cash earning of $84 million by the end of the deal. After the 2025-26 season, the player will become an unrestricted free agent (UFA). The cap hit remains consistent throughout the contract.
YearAgeCap HitCash
Cumulative Cash
2018-1931$10,500,000$15,000,000$15,000,000
2019-2032$10,500,000$15,000,000$30,000,000
2020-2133$10,500,000$9,750,000$39,750,000
2021-2234$10,500,000$13,000,000$52,750,000
2022-2335$10,500,000$7,750,000$60,500,000
2023-2436$10,500,000$8,500,000$69,000,000
2024-2537$10,500,000$7,500,000$76,500,000
2025-2638$10,500,000$7,500,000$84,000,000
2026-2739UFA

How much is Carey Price getting paid?

In 2024-25, Price will earn a base salary of $2,000,000 and a signing bonus of $5,500,000, while carrying a cap hit of $10,500,000.

Carey Price’s Career Earnings

In his distinguished 17-season career, Carey Price amassed estimated career earnings totaling $116,050,000. His financial journey began in the 2007-2008 season with cash earnings of $850,000, steadily rising over the years. Notably, in the 2018-2019 and 2019-2020 seasons, Price earned $15,000,000 annually, including substantial signing bonuses. The 2022-2023 season saw him with player cash earnings of $7,750,000. These earnings reflect Price's impact and value throughout his illustrious NHL career.

What are the terms of Carey Price’s Contract?

Carey Price's contract with the Montreal Canadiens is an 8-year deal valued at $84,000,000. The contract includes a substantial signing bonus of $70,000,000, and the entire amount is guaranteed. The annual average salary over the duration of the contract was $10,500,000. For the 2023-24 season, Carey Price is slated to earn $2,000,000 as base salary and $6,500,000 as signing bonus while maintaining a cap hit of $10,500,000.

How much of Carey Price’s Contract is guaranteed?

The entirety of Carey Price's contract with the Montreal Canadiens is guaranteed. The contract, valued at $84,000,000, includes a significant signing bonus of $70,000,000. This means that the full amount of the contract is assured, providing financial security for Carey Price, regardless of any changes or events during the term of the agreement.

Carey Price's Contract History

Carey Price's current contract with the Montreal Canadiens is a substantial 8-year deal worth $84,000,000. The contract includes a notable $70,000,000 signing bonus, making the entire amount guaranteed, with an annual average salary of $10,500,000. For the 2023-24 season, Price is set to receive a $2,000,000 base salary and a $6,500,000 signing bonus while maintaining a cap hit of $10,500,000.

Looking at his previous contracts, Price signed a 6-year deal in 2012 with an overall value of $39,000,000, featuring an average annual salary of $6,500,000. Prior to that, he had a 2-year contract for the 2010-2011 and the 2011-12 season valued at $5,500,000, with an average annual salary of $2,750,000. His initial entry into the NHL in 2007 involved a 3-year entry-level contract spanning from 2007 to 2009, totaling $6,600,000 with an average annual salary of $2,200,000.

Team Signed With
Contract LengthContract TermsAverage SalarySigning BonusTotal Guaranteed
Free Agent Status
Montreal Canadiens3 years (2007-2009)$6,600,000$2,200,000N/A$6,600,0002010 (RFA)
Montreal Canadiens2 years (2010-2011)$5,500,000$2,750,000N/A$5,500,0002012 (RFA)
Montreal Canadiens6 years (2012-2017)$39,000,000$6,500,000N/A$39,000,0002018 (UFA)
Montreal Canadiens8 years (2018-2025)$84,000,000$10,500,000$70,000,000$84,000,0002026 (UFA)

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FAQ's on Carey Price Contract

A.  The estimated Net Worth of Carey Price in 2024 is around $45 million. 

A. Carey Price is 36 years old as of 2023. He was born in Vancouver, British Columbia, Canada on August 16, 1987.

A. Carey Price's professional career in the National Hockey League began when he joined the Montreal Canadiens in 2007.

A. Carey Price signed the first contract of his NHL career in 2007 with the  Montreal Canadiens worth $6.6 million.

A. Carey Price has not officially retired from the NHL, but when asked whether he can make a comeback, he said he wished he could, but his health condition wouldn't allow him to do that.

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