It was long rumored and now it’s been made official, the San Jose Sharks are buying out Martin Havlat’s contract.
The announcement of the buyout comes straight from Sharks general manager Doug Wilson via CSN Bay Area. The compliance buyout will eat up the final year of Havlat’s six-year, $30 million that he signed with the Minnesota Wild in 2009.
Wilson had previously confirmed that Havlat wouldn’t be back with the Sharks next season, but he wanted to try and find a trade partner rather than just buy out the contract.
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The buyout will save the Sharks a $5 million cap hit this season, but will cost them $1 million next season and $2 million in the 2015-16 season.
Acquired in 2011 as part of the trade that sent Dany Heatley to the Minnesota Wild, Havlat had a disappointing tenure in three years with the Sharks. He never appeared in more than 48 games in a season with San Jose, and struggled to contribute in terms of points on the ice due to constant injury issues. Last season he scored just 12 goals and 22 points.
The team isn’t expected to use its other buyout option.
What do you think of the news that the Sharks are buying out Havlat? Leave your thoughts in the comment section below.