Price waives no-move clause for expansion draft exposure

Carey Price has waived his no-movement clause, thereby making himself available to the Seattle Kraken in the expansion draft, reports Sportsnet's Chris Johnston.

The Montreal Canadiens goaltender did so to allow the club to protect fellow netminder Jake Allen for Wednesday's proceedings. Price only waived the clause for expansion draft purposes, meaning he can't be involved in an unrelated transaction without his approval, according to Johnston.

The veteran is reportedly owed a signing bonus of $11 million in September. He's under contract at a cap hit of $10.5 million through 2025-26.

All players with no-movement clauses in their contracts must be protected in the expansion draft, and every team needs to protect one goalie. Had Price not waived his clause, the Canadiens would have been forced to protect him and expose Allen, one of the NHL's best backup goalies.

Price struggled during the 2021 season before excelling in the playoffs. He went 13-9 with a .924 save percentage over 22 postseason games this year, helping Montreal make an improbable run to the Stanley Cup Final. The puck-stopper, who'll be 34 years old in August, went 12-7-5 with a .901 save percentage over 25 regular-season contests in 2021.

The 2014-15 Hart and Vezina Trophy winner has played 14 campaigns with the Canadiens, who drafted him fifth overall in 2005.

Price has ties to the Pacific Northwest, as he hails from British Columbia and his wife, Angela, is from the state of Washington.