The Philadelphia Flyers have announced that they are buying out the final two years of Daniel Briere’s contract.
The move will shave $6.5 million off the Flyers’ salary cap. Philadelphia had one of the NHL’s most expensive payrolls last season, and has been forced into a position to shed salary in order to get under next season’s cap, which will drop from $70.2 million to $64.3 million.
Under NHL rules, teams have the option of two amnesty buyouts to terminate contracts before the start of the 2014-15 season.
The Briere being bought out he now will become a free agent and there will be as many as 15 teams interested in signing him. Briere is looking for a 2 year contract.