In a move that has shocked the hockey world, the Ottawa Senators are placing Bobby Ryan on unconditional waivers, for the purposes of buying out his contract.
Expect the Ottawa Senators to place Bobby Ryan on waivers for the purpose of a buyout.
— Darren Dreger (@DarrenDreger) September 25, 2020
The 33 year-old winger has two years remaining on his deal, at an annual cap hit of $7.25M per year. A buyout will save the team $3.67M in real money, and payment can be deferred over the next four years.