Malakhov was traded to the New Jersey Devils on Wednesday for defensemen Sheldon Souray, Josh DeWolf and a second-round draft choice in 2001.

"We were looking for two young defensemen with character who could help us mid-term and long-term," Houle said.

Malakhov's days with the Canadiens were numbered after he was spotted skiing near Montreal a few weeks ago before his return to action from a knee injury.

But Houle said he had had discussions earlier about Malakhov with several other NHL general managers.

The Carolina Panthers offered Martin Gelinas and Marek Malik even before Malakhov's recent return.

"Malakhov will help the Devils in the short term. He's an excellent player who can help them win the cup. But in the long run, we might get the better of the deal."

Malakhov will become an unrestricted free agent this summer and is looking for a salary of between $4.5 million and $5 million.

Souray is getting $475,000 this year.