Monahan, 27, previously spent his entire nine-year NHL career with Calgary, serving as an alternate captain since the 2015-16 campaign.
The Brampton, ON native has registered 462 points (212 goals, 250 assists) in 656 regular-season games and won 50.5% of his faceoffs.
A three-time 30-goal scorer, Monahan enjoyed his most productive regular season in 2018-19 with career-highs in goals (34), assists (48) and points (82) in 78 contests.
He ranks in the Top 10 in Flames franchise history in multiple categories, including games played (9th), goals (8th), power play goals (6th) and game-winning goals (3rd).
Monahan also boasts 21 points (10 goals, 11 assists) in 30 career playoff appearances.
The 6-foot-2, 200-pound centerman was the sixth-overall pick of the Flames in the 2013 NHL Draft.
Before turning pro, Monahan played three seasons of Junior hockey with the OHL's Ottawa 67's.
Here are the conditions associated with the first-round selection acquired by Montreal:
1. In the event Calgary's own 2024 first (1st) round choice is selection 20-32 (inclusive) (following the determination of the 2024 NHL Draft lottery results), then Montreal shall have the option, exercisable until 48 hours prior to the start of the 2024 NHL draft, to exchange the conditional 2025 or 2026 first round choice to become Calgary's own 2024 first (1st) round choice); or,
If Florida's 2025 First (1st) Round Choice Transfers to Calgary (pursuant to the conditions on an earlier trade)
2. In the event the conditions to trigger Montreal's option as noted in #1 above does not occur, or Montreal declines to exercise this option, the following conditions shall prevail:
If Florida's 2025 First Round Choice DOES NOT Transfer to Calgary (pursuant to the conditions on an earlier trade)
3. In the event the conditions to trigger Montreal's option as noted in #1 above does not occur, or Montreal declines to exercise this option, the following conditions shall prevail:
A. If Calgary's own 2025 first (1st) round choice is not in the top-10 selections of the 2025 NHL Draft (following the determination of the 2025 NHL Draft lottery results), Montreal shall receive Calgary's own 2025 first (1st) round choice, and additionally,
B. If Calgary's own 2025 first (1st) round choice is a top-10 selection (following the determination of the 2025 NHL Draft lottery results), Montreal shall receive Calgary's 2025 first (1st) round choice, subject to the following condition below:
- 1) In the event Calgary's 2025 first (1st) round choice is the first (1st) selection overall in the 2025 NHL Draft (following the determination of the 2025 NHL Draft lottery results), Calgary will retain its own 2025 first (1st) round choice and Montreal shall instead receive Calgary's own 2025 third (3rd) round choice and a conditional 2026 first (1st) round choice. Montreal shall receive the better of Calgary's 2026 first (1st) round choice or Florida's 2026 first (1st) round choice (following the determination of the 2026 NHL Draft lottery results) (previously conditionally acquired by Calgary).