In a thorough paper Kuchar has examined the canonical reduction of the most general action functional describing the geometrodynamics of the maximally extended Schwarzschild geometry. This reduction yields the true degrees of freedom for (vacuum) spherically symmetric general relativity. The essential technical ingredient in Kuchars analysis is a canonical transformation to a certain chart on the gravitational phase space which features the Schwarzschild mass parameter $M_{S}$, expressed in terms of what are essentially Arnowitt-Deser-Misner variables, as a canonical coordinate. In this paper we discuss the geometric interpretation of Kuchars canonical transformation in terms of the theory of quasilocal energy-momentum in general relativity given by Brown and York. We find Kuchars transformation to be a ``sphere-dependent boost to the rest frame, where the ``rest frame is defined by vanishing quasilocal momentum. Furthermore, our formalism is general enough to cover the case of (vacuum) two-dimensional dilaton gravity. Therefore, besides reviewing Kuchav{r}s original work for Schwarzschild black holes from the framework of hyperbolic geometry, we present new results concerning the canonical reduction of Witten-black-hole geometrodynamics.