Kings to buy out Greene’s final two years

The Los Angeles Kings freed up some cap space today, placing veteran defenseman Matt Greene on waivers for the purpose of being bought out.

Greene, 33, had two years left on his contract, which carried a $2.5 million cap hit. His buyout will cost the Kings an $833,333 cap hit in each of the following four seasons.

Greene was a part of both the Kings’ Stanley Cup titles in 2012 and 2014, but appeared in just three games in 2015-16 (shoulder surgery).

The Kings now have just five defensemen signed to one-way contracts for next season: Drew Doughty, Alec Martinez, Jake Muzzin, Rob Scuderi, and Brayden McNabb.

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