By 5 PM Eastern time, all 31 teams in the NHL have to have their cap compliant rosters finalized. Considering the Montreal Canadiens were still over the 23-man roster, it makes sense that transitions would have to be made to reduce the number.
Players have been cut and others have been placed on waivers. Matt Taormina and Chris Terry have already cleared and will be reporting to the Laval Rocket. Montreal continued this trend Saturday afternoon by making Peter Holland and Daniel Carr available to the rest of the league.