The St. Louis Blues and Brandon Saad are mutually terminating his contract after he was put on waivers on Wednesday.
Saad will need to go on waivers again before the move can be made official on Thursday.
Saad, 32, will be walking away from $5.425 million in cash owed to him, per PuckPedia. The Blues had tried to trade Saad over the last several months, sources told ESPN, but did not find any partners.
"Obviously the production's not there," GM Doug Armstrong said in a midseason press conference on Tuesday. "Right now the cap is tight, and obviously, statistically, he's not having a great year and he's got another year left.