The buyout period ends today at 5 pm and the Jets have sent out a release that longtime Jets defenceman (one year with Thrashers) is heading to waivers for purposes of being bought out.
Stuart was signed to a four year deal back on March 5th, 2014. He was entering the final year of that contact worth 2.65 million but now the Jets will pay out a lesser amount over the next two years (according to CapFriendly) and will have a cap hit of $1,458,333 this season and $583,333 in 2017-18 (via CapFriendly).
“Mark Stuart has been a tremendous leader for the Winnipeg Jets organization on and off the ice for the past six years,” said Jets General Manager Kevin Cheveldayoff. “We are forever grateful for his mentorship to our young players and the ambassador he has been in the community. This was a difficult decision to make and we wish Mark and his family all the best in the future.”