The Montreal Canadiens announced via a team release that they have signed center Sean Monahan to a contract extension, something we mentioned was in the works earlier this week.
The contract is a one-year deal for the veteran forward. Elliotte Friedman of Sportsnet added the contract comes with a cap hit of $1.985 million. That is a pretty drastic reduction from his previous cap hit of $6.375 million.
Monahan battled injuries and reduced production during his final two years with the Calgary Flames. In order to get out from under his cap hit the Flames sent him, along with a first round pick to the Canadiens.