Canadiens, Subban fail to reach a deal; NHL arbitrator to decide on contract
P.K. Subban and the Montreal Canadiens met for an arbitration hearing Friday morning in Toronto, and failed to reach an agreement on a new contract.
P.K. Subban says no deal was reached today. Arbitrator will decide his contract for next season. "We have to live with those decisions."
— Chris Johnston (@reporterchris) August 1, 2014
The Norris Trophy winning defenseman added "It's been an educational process," and said he will now focus on getting ready for the upcoming season.
The arbitrator now has a maximum of 48 hours to announce a decision. As a refresher, Subban was seeking $8.5 million, while the Canadiens countered with a one-year contract worth $5.25.
The two sides, however, are free to keep negotiating and may be able to come to an agreement before the decision is made. As the hearing concluded, Subban's agent indicated no further talks will be scheduled:
Don Meehan tells Sportsnet that there are no plans to continue negotiating a long-term deal for Subban before the arbitrator's award.
— Chris Johnston (@reporterchris) August 1, 2014
Montreal general manager Marc Bergevin declined to comment.