A few weeks ago it was rumored that the Philadelphia Flyers were thinking about buying out netminder Ilya Bryzgalov and today those rumors became truth. Despite his agent denying that it would happen, the Flyers have bought out the contract of Ilya Bryzgalov making him a free agent this offseason and freeing up even more space under the salary cap to for Mark Streit onto the team.
“I met with Ilya this morning and informed him that we are going to exercise a compliance buyout of his contract,” general manager Paul Holmgren said, via Flyers Insider. “This was a very difficult business decision to make for us and we want to thank Ilya for his time here and wish him all the best moving forward.”
Ilya Bryzgalov is in the middle of a massive contract that the Flyers tried to justify to themselves but ultimately couldn’t. Had he live up to expectations, the Flyers wouldn’t have had such a problem paying Ilya Bryzgalov his $51 million contract over nine years but not only were the expectations too high, Bryzgalov never performed anywhere near the Flyers wanted him to in 2013.
According to Flyers writer Anthony SanFillipo, Philadelphia will save jut over $5 million in salary cap space over the next five years after buying out Ilya Bryzgalov. He’s not a terrible netminder and age 33 he may still have plenty of years left in net, but he’s not a $51 million goalie and he’s going to have to take a very significant pay cut with the next team he signs with.