Condon is signed through the end of the 2016-17 regular season to a one-way contract that pays $575,000 at the NHL level.
Condon, 26, handled the majority of the netminding duties for the Canadiens as a rookie last year. He started 51 of his 55 games played, posting a 21-25-6 record. His 21 wins tied Anaheim's John Gibson for the NHL lead among rookies. Condon stopped 27 of 28 shots in a 5-1 victory against Boston in the 2016 Winter Classic.
A 6-foot-2, 197-pound, lefthanded-catching goaltender, Condon suited up for Team USA at the 2016 World Championship, going 2-2 with a 2.55 goals-against average in five appearances.
Condon, a native of Holliston, Massachusetts, spent the 2014-15 campaign with the Hamilton Bulldogs of the American Hockey League, compiling a 23-19-6 record, 2.44 goals-against average, .921 save percentage and four shutouts in 48 games.
Condon spent the majority of his first full season as a pro with the Wheeling Nailers of the ECHL, a Penguins' affiliate, in '13-14, ranking among the top-10 leaders in wins (23), goals-against average (2.18) and shutouts (6). His .931 save percentage topped the entire league.
Before turning pro, Condon played four years of collegiate hockey at Princeton, earning All-Ivy League Second-Team honors in 2012-13.