MONTREAL – The Montreal Canadiens have traded the contract of longtime franchise goalie Carey Price to the San Jose Sharks.

The Canadiens will also send a fifth-round draft pick in 2026 to San Jose in the deal announced Friday.

In return, Montreal received minor-league defenceman Gannon Laroque.

Price is entering the final season of an eight-year, US$84-million deal. The contract carries a $10.5-million cap hit, though just $2 million remains in actual salary after he received a $5.5-million signing bonus on Monday.

The Canadiens moved about $4.5 million below the NHL’s salary cap after the trade, according to PuckPedia.

Known for his calm demeanour in net — and his windmill glove saves — Price has effectively retired from hockey.

The 38-year-old from Anahim Lake, B.C., hasn’t played

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