Higgins, 33, has one year left on his four-year, $10 million deal with a $2.5M average annual cap hit. The 13-year vet has already been waived once by the Canucks — he cleared back in January, and was assigned to the AHL’s Utica Comets.
He was later recalled in March, finishing the NHL season with three goals and four points in 33 games.
Higgins’ buyout will result in an $833,333 cap hit for the Canucks this season and the next. For Higgins, it will mean an opportunity to try and catch on with another club, and there’s a halfway decent chance he could score an inexpensive contract with a team looking for a veteran presence.
Despite a tough ’15-16, Higgins was a good contributor for Vancouver the two seasons prior. He had 17 goals and 39 points in ’13-14, and 12 goals and 36 points in ’14-15.