The negotiation ended up pretty much where Canadiens management wanted. Subban will get 2 million dollars this seaon and 3.75 million in 2013-14. After that, if he continues to progress the way he has through his early professional years, he will get the big money through unrestricted free agent status in July of 2014.
Although financial figures were never publically revealed by either side in the negotiation, Subban was rumoured to be looking for a five or six year deal in the neightbourhood of 30 million.
For what it’s worth, Subban has managed to more than triple the 875-thousand dollars he was paid last season.
Subban’s problem now is playing catchup with the rest of the NHL. Not only has he missed the brief training camp and the first four games of the season but, because of his free agent status, for insurance purposes, he was unable to take part in any marginally competitive hockey over the off season and the lockout.
If the Canadiens follow previous practices, they will begin negotiations on a long term extension to this contract sometime during next season. This was the way the team handled the Josh Gorges, Max Pacioretty and Carey Price contract situations, all of whom were rewarded handsomely.
The news of the contract settlement came on the heels of the Canadiens announcement that rookie forwards Alex Galchenyuk and Brendan Gallagher will be remaining with the team for the rest of the season. Galchenyuk is 18 and Gallagher 20.
PRESS RELEASE FROM CANADIENS COMMUNICATIONS
MONTREAL – Montreal Canadiens general manager Marc Bergevin announced Monday the signing of defenseman P.K. Subban to a two-year contract (2012-13 to 2013-14). As per club policy, financial terms of the agreement were not disclosed.
Subban, 23, notched 36 points (7 goals, 29 assists) in 81 regular season games in 2011-12. He tied for second on the team with five powerplay goals. The second-year defenseman also served 119 penalty minutes and registered 205 shots on goal, ranking him seventh among NHL defensemen, and led the Canadiens with an average of 24:18 of ice time per game. Subban led the Canadiens for most powerplay ice time with 283 minutes and 4 seconds.
Since making his NHL debut with the Canadiens back in 2009-10, Subban has registered 76 points (21 goals, 55 assists) in 160 regular season games. The 6’0’’, 206 lbs defenseman has scored 14 of his goals on the powerplay, and has three game-winning goals. Subban has served 245 penalty minutes and owns a plus-2 plus/minus differential. He has tallied three goals and 12 points in 21 NHL playoff games, including two with the man advantage. Subban was voted to the NHL All-Rookie Team following the 2010-11 season.
A native of Toronto, Subban was the Canadiens’ third selection (second round, 43rd overall) at the 2007 NHL Entry Draft. Prior to making his debut at the professional level, Subban played with the OHL’s Belleville Bulls and earned a gold medal with Canada at the 2008 and the 2009 World Junior Hockey Championships.