Yesterday Frank Seravalli of Daily Faceoff broke the news that the Jets would be placing Nate Schmidt on unconditional waivers for purposes of a buyout. This morning we learned that he had cleared waivers and Winnipeg PR confirmed the team would be buying out the final year of his deal.
Photo Credit: Colby Spence (Illegal Curve)
According to the folks at Puckpedia this will result in savings from his 5.95 million dollar cap of:
Year 1 $2.72M ($3.23M savings)
Year 2 $1.62M Cap Hit/Cost
Schmidt is now free to sign with any of the 31 other teams.
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