The Vancouver Canucks have decided to place forward David Booth on waivers with the intent to use one of two of their compliance buyouts on him. General Manager Jim Benning made the announcement on Tuesday.
The 29 year old has one season and $4.75 million left on a six year, $25.5 million contract which was signed prior to the 2009-10 campaign while playing with the Florida Panthers. Booth was acquired by Vancouver in the 2011-12 season.
Booth will receive 2/3 of the salary remaining on his deal and will become a free agent starting July 1 if he is not claimed on waivers.
“David Booth has been placed on waivers for the purposes of granting him his unconditional release,” Benning said in a released statement. “In the event he clears the club will execute a Compliance Buyout in accordance with the NHL/NHLPA Collecting Bargaining Agreement. We wish David all the success in the future and thank him for his contributions with the Canucks.”
Booth has suffered many injuries in his career with the Canucks and his his three years has played only 134 games with 25 goals and 26 assists. Incredibly minimal numbers. By getting rid of the cap associated with Booth, Benning will have around $15 million under the projected salary cap to gain a player who can bring more points to the team.
MORE: Could Bylsma coach Panthers? | Matt Moulson likely done with Wild | Evander Kane on trading block?
Monday was the first day of teams being allowed to offer a compliance buyout.
Last summer the Canucks used their first compliance buyout on yet another player they acquired from the Panthers, defenseman Keith Ballard.