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Habs lock up Price: six years, $39 million

Anaheim Ducks v Montreal Canadiens

MONTREAL, CANADA - JANUARY 22: Carey Price #31 of the Montreal Canadiens makes a pad save on the puck in overtime on a shot by Bobby Ryan #9 of the Anaheim Ducks (not pictured) during the NHL game at the Bell Centre on January 22, 2011 in Montreal, Quebec, Canada. The Ducks defeated the Canadiens 4-3 in a shootout. (Photo by Richard Wolowicz/Getty Images)

Richard Wolowicz

The Montreal Canadiens have signed all-star goalie Carey Price to a six-year contract extension, the club announced today. The deal is reportedly worth $39 million, an annual cap hit of $6.5 million.

Price, 24, went 26-28-4 in 2011-12 with a .916 save percentage and 2.43 goals-against average. His performance was far from the reason the Habs finished with the third-worst record in the NHL.

Only Pekka Rinne ($7 million) and Henrik Lundqvist ($6.875 million) have a higher cap hit than Price.