Illegal Curve Hockey

Categories: Winnipeg Jets

Winnipeg Jets make buyout of final year of Nate Schmidt’s deal official

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.

David Minuk

Working hard on a daily basis to provide the latest Winnipeg Jets and Manitoba Moose news for our readers and listeners. I also appear on the Illegal Curve Hockey Show every Saturday on our YouTube channel as well as the Illegal Curve Post-Game Show after every single Jets game. And I occasionally jump in the play-by-play booth at Canada Life to provide colour analysis during Manitoba Moose games.