Feb 11, 2013; Uniondale, NY, USA; New York Islanders goalie Rick DiPietro (39) makes a save during the second period against the Carolina Hurricanes at Nassau Veterans Memorial Coliseum. Mandatory Credit: Anthony Gruppuso-USA TODAY Sports

New York Islanders Will Buy Out Rick DiPietro's $67.5 Million Contract

The New York Islanders will part ways with their goalies in one of the biggest signings in NHL history that went bad.

Arthur Staple from Newsday tweeted that Rick DiPietro will be placed on waivers on Tuesday and the rest of the contract will be bought out by the Islanders.

That contract was a 15-year, $67.5 million contract that was signed back in 2006. It’s another reminder to any team that signing any player for a long period of time is a high risk.

Multiple injuries plagued DiPietro from ever becoming what the contract was, and the “star player” was eventually demoted and still struggled in the American Hockey League.

DiPietro has been riddled with injuries, appearing in just 175 NHL games since the 2006-07 season. This year, he was demoted to the AHL, where he struggled in 18 appearances with a .893 save percentage. [Chris Peters, CBS Sports]

The Islanders will give DiPietro $1.5 million each year until 2029, but it’s in the best interest for the New York-based team to move on.

Tags: New York Islanders Rick Dipietro

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