The Ottawa Senators have officially bought out the contract of goalie Ray Emery, making him an unrestricted free agent. Emery signed a three-year, $9.5 million contract in July of 2007 and has two years and $6.75 million remaining on his contract. Under CBA rules, the Senators are on the hook for one-third of Emery's remaining salary, $2.25 million. That amount will be spread across twice the length of the remaining years of the contract, resulting in a cap hit of slightly less than $600,000 for the next four years. Brochu's take: The Senators couldn't find a trade partner for the troubled netminder, but some team will pick him up. Emery also has the option to play in Europe.
Los Angeles Kings goale Dan Cloutier was expected to be bought out over the weekend but, according to CKNW Radio in Vancouver, a source is claiming that if the former Canucks goalie is injured, the team cannot complete the move, and will be force to pay his $3 million salary for the 2008-2009 NHL season. Brochu's take: Cloutier and "injuries" go together like ham and eggs. I expect some sort of grievance will be filed to the NHLPA for this.
Three players have been put on waivers by their teams for the purpose of being bought out if they clear waivers tomorrow at noon: Washington Capitals forward Ben Clymer and Carolina Hurricanes' Jeff Hamilton and David Tanabe. Brochu's take: There are rumors that the Vancouver Canucks and Edmonton Oilers have interest in Hamilton has a power play specialist.
The Nashville Predators have re-signed defenseman Shea Weber to a three-year, $13.5 million contract extension.
The Tampa Bay Lightning have re-signed forward Vaclav Prospal to a four-year, $14 million contract extension. Source
The Chicago Blackhawks have re-signed forward Andrew Ladd to a two-year, $3.1 million contract. Source