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NHL free agency: Rick DiPietro, Sergei Kostitsyn among veterans cut to clear cap space
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In a scramble by NHL teams to free space under the salary cap before the start of free agency, five veteran players were placed on unconditional waivers on Wednesday.
The Minnesota Wild confirmed they waived defenseman Tom Gilbert for the purpose of buying out the remaining year of his contract. The Nashville Predators said they placed forward Sergei Kostitsyn on waivers.
Also waived, according to a person familiar with the moves, were Detroit defenseman Carlo Colaiacovo, Vancouver defenseman Keith Ballard and Buffalo forward Nathan Gerbe. The person revealed the list of waived players to The Associated Press on the condition of anonymity because the NHL doesn’t announce these moves.
“Due to the NHL salary cap decreasing this season, we needed to make this difficult decision to give the team more flexibility,” Wild general manager Chuck Fletcher said regarding the team’s decision to waive Gilbert.
The other four players waived on Wednesday could land in the same buyout category in moves made before the free-agency period opens at noon Friday.
Former New York Islanders goalie Rick DiPietro cleared waivers and had his contract bought out by the team. Washington defenseman Jeff Schultz also cleared waivers and is expected to have the remaining two years and $6 million left on his contract bought out.
The Philadelphia Flyers issued qualifying offers to retain the rights to defensemen Erik Gustafsson, Oliver Lauridsen, Brandon Manning and forward Eric Wellwood. The Flyers declined to make offers to defenseman Blake Kessel and forward Mitch Wahl, allowing both to become unrestricted free agents.
The St. Louis Blues re-signed defenseman Jordan Leopold to a two-year contract. Leopold is a 10-year veteran who had two assists in 15 regular-season games with St. Louis after being acquired by the Blues in a trade with Buffalo on March 31.
Teams had until Wednesday to place players on waivers in order to buy out their contracts. Under the collective bargaining agreement, teams are allowed to buy out contracts of two players over the next two seasons.
The clause was included to allow teams to clear space under the salary cap, which is dropping from $70.2 million last season to $64.3 million. Contracts of bought-out players won’t count against a team’s salary cap, though the players will be paid two-thirds of their remaining salary over double the years remaining on their contracts.
Maple Leafs defenseman Mike Komisarek announced on his Twitter account that he is on his way out of Toronto. Set to make $3.5 million over the final two years of his contract, Komisarek is expected to be bought out after spending part of last season playing in the minors.
The Florida Panthers announced they used a standard buyout on 36-year-old defenseman Filip Kuba, meaning the remaining year of his contract will still count against the salary cap. Kuba had a goal and nine assists in 44 games last season.
From Bloomington, Minn., Gilbert failed to make much of an impact with his hometown team after the Wild acquired him in a trade with Edmonton in 2012. Gilbert managed just three goals and 15 assists in 63 games.
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