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Vancouver Canucks waive Ryan Spooner, what it means

The Vancouver Canucks announced Saturday morning that they have waived forward Ryan Spooner, with the intention to buy out the remainder of his contract.

Roster Update: Ryan Spooner has been placed on waivers with the intention to buy out his contract. pic.twitter.com/YYC7P02e2x

Vancouver acquired Spooner in a trade with the Edmonton Oilers back in February, with forward Sam Gagner being sent the other way. It was a case of two teams swapping out equally struggling forwards with similar contracts.

Buying out Spooner will carry a $1.