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Hurricanes waive Alexander Semin, plan to buy him out (Puck Daddy)

After Alex Semin sat in the Carolina Hurricanes’ press box in mid-January as a healthy scratch, his general manager still had faith. “We think we can do it. We’re not giving up on him at all,” said Ron Francis at the time.

Well, the time has come and the Canes have seen enough. On Tuesday, the club announced they were placing Semin on unconditional waivers with the intent of buying out the remaining three years of his contract.

In 2013, Semin signed a five-year, $35 million deal in the middle of a 13-goal, 44-point lockout-shortened campaign in his first year in Carolina.