The New Jersey Devils are parting ways with Dainius Zubrus.
The club made the announcement today, saying that the 37-year-old forward had been placed on unconditional waivers for the purpose of terminating his contract.
Zubrus was set to make $3.1 million in 2015-16, after which he would become an unrestricted free agent. He had just four goals and six assists in 74 games last season.
The Devils did not say they were buying out Zubrus, only that his contract was being terminated. New Jersey would not have received cap relief anyway if it was a buyout, as Zubrus’ contract was of the 35-plus variety. The team would have saved around a million bucks in actual salary, however.
It’s possible there was a mutual agreement to terminate Zubrus’ contract, a la Damien Brunner in 2014.
Update: It’s a buyout:
The Devils were afforded an additional buyout window as they had two arbitration cases this offseason.