Price waived his no-move clause ahead of the expansion draft, making him eligible to be claimed by the Kraken. Seattle had to submit their expansion list by 10:00 a.m. ET.
Price, whose playoff heroics were an essential factor in Montreal reaching the Stanley Cup Final this season, is in the fourth year of an eight-year contract that carries an annual cap hit of $10.5 million.
By waiving his no-move clause, Price allowed the Canadiens to protect Jake Allen, while Montreal banked on Price’s salary to deter the Kraken from claiming him. He is also owed an $11-million signing bonus in September.