Just after filing for arbitration, RFA Alex Galchenyuk has signed a 3-year, $14.7 million deal with the Montreal Canadiens. He will have an annual cap hit of $4.9 million.
Canadiens sign Alex Galchenyuk to a three-year contract.
— Canadiens Montréal (@CanadiensMTL) July 5, 2017
Since joining the Habs right out of the draft in the shortened 2012-13 season, Galchenyuk has been one of Montreal’s top players. In his 336 career games with the Canadiens, Galchenyuk has racked up 89 goals, and 204 points, giving him the most points out of everyone in his draft class. Still only 23, Galchenyuk still has plenty of time to add to these totals.
Although he has always been solid for the Habs, Galchenyuk had his true breakout season in 2015-16, hitting the 30 goal plateau for the first time. He followed that up with a strong year this past season, picking up 44 points in 61 games, which would have been a career-high 59 points if he had stayed healthy. Although these are good numbers, Galchenyuk’s play dropped off significantly after sustaining a knee injury around a third into the season. Hopefully, he can fully bounce back and play like the Galchenyuk we saw before his injury.
Overall, only $4.9 million a year for a player as good as Galchenyuk is a steal. The one concern with the deal is the 3-year term. This only buys the Habs one UFA year with Galchenyuk as opposed to the 3-4 they could have gotten if they had signed him to a 5-6 year deal. Now, Galchenyuk is going to want a lot more money once he becomes a free agent at this contracts end. He may even walk in free agency, meaning the Habs would lose several potential years of Galchenyuk as a whole.
Nevertheless, Habs fans should be very glad that Bergevin was able to get Galchenyuk signed with no problems arousing, at a very reasonable price as well. Now, hopefully, Galchenyuk is deployed as a center, where he belongs, and has another career year with the Habs, leading Montreal to a very successful season.