Devils place Hunter, White on waivers.

NORTHJERSEY.COM: reports the New Jersey Devils have placed recently acquired winger Trent Hunter and long-time Devils defenseman Colin White on waivers, with the intent of buying out the remaining years of their respective contracts. Hunter has two years at $2 million per season remaining on his contract, White has one year at $3 million remaining on his.

“For White, the buyout would be $2 million with the cap hit spread over two years—or $1 million per year. For Hunter, the buyout price would $2,666,667 with the cap hit spread over four seasons—or $666,667 per season.

In total, the Devils would save $3,333,333 in cap space in the 2011-12 season. They already have approximately $2.5 million in cap space (depending upon which players are on the roster).”

The pair would become unrestricted free agents once they clear waivers and are bought out on Wednesday.

SPECTOR’S NOTE: GM Lou Lamoriello hinted over the weekend buyouts might be an option. Tough break for both guys. Hunter was dealt from the Isles for Brian Rolston, while White has spent his 11 year NHL career with the Devils, winning two Stanley Cups.

6 Comments

  1. laughing out loud

    does Lou have a clue what he’s doing anymore?

  2. This is a cold way to do business. Buying out an 11 year veteran who has one year left on his contract? Why not buyout Bryce Salvador instead and let White stick around one last year. This is how Lou thanks his players for their Loyalty: Zach Parise gets a one year deal for 6 hundred K less than Kovy and White gets bought out for his two cups he brought into jersey. I have a feeling Lou is going to bring in Bryan McCabe at 3,85 and Hannan at 3,5. This is what I think the Devils will look like next season:

    CAPGEEK.COM CAP CALCULATOR

    FORWARDS
    Zach Parise ($6.000m) / Travis Zajac ($3.887m) / Dainius Zubrus ($3.400m)
    Ilya Kovalchuk ($6.666m) / Patrik Elias ($6.000m) / Nick Palmieri ($0.801m)
    Mattias Tedenby ($0.875m) / Jacob Josefson ($0.900m) / David Clarkson ($2.666m)
    Rod Pelley ($0.550m) / Dave Steckel ($1.100m) / Eric Boulton ($0.662m)
    / / Cam Janssen ($0.525m)

    DEFENSEMEN
    Anton Volchenkov ($4.250m) / Bryan McCabe ($3.850m)
    Henrik Tallinder ($3.375m) / Scott Hannan ($3.500m)
    Andy Greene ($3.000m) / Adam Larsson ($0.925m)
    / Bryce Salvador ($2.900m)

    GOALTENDERS
    Martin Brodeur ($5.200m) / Johan Hedberg ($1.250m)

    BUYOUTS: Jay Pandolfo ($0.833m) / Andrew Peters ($0.166m)

    CAPGEEK.COM TOTALS (follow @capgeek on Twitter)
    (these totals are compiled without the bonus cushion)
    SALARY CAP: $64,300,000; CAP PAYROLL: $63,285,001; BONUSES: $240,000
    CAP SPACE (22-man roster): $1,014,999

  3. Erm, don’t forget the 1.666mil of extra buyouts…

  4. ah man you’re right, my numbers don’t fit, I am half a mil in the red. So maybe Lou is only going to bring in one D man instead and let Corrente, Taormina, Fraser, Fayne or Urbom get a spot in the line-up.

  5. Chris, while I agree with ya, loyalty doesn’t mean a thing anymore either way, player vs. owner, and reverse, Pens Stall should be making more than Malkin, given, games played, +/-, ( make the argument on points) but malkin was a hero in the last Pens cup and now he is given hero status no matter what.

  6. Over the last few seasons Lamoriello has lost the confidence of his players and Zach Parise is the latest to stand up to him and question his egomaniacism.

    Kudos to Parise for doing what others haven’t and giving Lou the reality check he so desperately needs.

    Will Lou finally realize that he needs to change his attitude or will he continue to do what he has been doing and continue to diminish the New Jersey Devil’s future and disappoint more players?