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.