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.
#Isles will place Rick DiPietro on waivers tomorrow for purpose of compliance buyout, Newsday has learned.
— Arthur Staple (@StapeNewsday) July 2, 2013
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.