Illegal Curve Hockey

Categories: Winnipeg Jets

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

Photo Credit: Colby Spence (Illegal Curve)

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.