The Montreal Canadiens are navigating a complex situation with defenseman Mike Matheson as he enters the final year of his contract. Matheson, 31, carries a $4.875 million cap hit, a figure that now looks like a bargain considering his role and performance.
General Manager Kent Hughes faces a challenge. While the team is reportedly interested in extending Matheson's contract, the potential terms could create difficulties. Matheson is expected to seek a raise and is likely looking for a four- to five-year deal. TSN's Pierre LeBrun suggests Matheson's agent is open to discussions, but the term will be a key point.
The Canadiens have been active in securing their blueline for the future. They recently signed Lane Hutson, the 2025 rookie of the year, to an eight-year, $70.8 million contract extension with an annual average value of $8.85 million. They also acquired Noah Dobson in the offseason. With these significant investments in defense, fitting Matheson into the team's long-term financial plans requires careful consideration.
Matheson's value to the Canadiens is undeniable. He has averaged a substantial amount of ice time, exceeding 25 minutes per game in the past three seasons. So far this season, Matheson has one goal and two assists in four games. In the 2023-24 season, Matheson posted a career-high 62 points.
The Canadiens' current priority is to extend Matheson, but with the recent signings of Dobson and Hutson, there is limited cap space. The team must also consider the age factor, as Matheson will be 32 when the extension begins.
According to Pierre LeBrun, Matheson does not want a short-term deal, implying he's seeking a four-to-five year contract. A potential annual average value of $6.5 to $7 million has been speculated, a significant increase from his current $4.875 million.
The Canadiens have had a promising start to the 2025-26 season, holding a 4-1-0 record. Matheson has been a key part of the team's success, solidifying his position on the top defensive pairing with Noah Dobson.
Some observers believe Matheson is best suited in a role further down the defensive pairings, especially with the emergence of young talents like Hutson and Kaiden Guhle. However, his experience and offensive capabilities remain valuable assets.
Ultimately, Hughes must weigh Matheson's current performance and future potential against the team's long-term financial health and development plans. The Canadiens' management, having recently signed contract extensions themselves, have shown a commitment to building a consistent and competitive team. The decision on Matheson's future will be a significant test of their strategy.
