It was not a big surprise the Los Angeles Kings bought out the final two years of Dion Phaneuf’s contract. He was not part of the future, and the Kings want to do a rebuild with younger talent.
Phaneuf was traded to the Los Angeles Kings from the Ottawa Senators and part of the deal was the Senators would pay 25 % of the annual $ 7 million salary. Now when he is bought out both teams will get some cap relief. CapFriendy.com has calculated the Kings will be charged with a $2,187,500 cap hit for Phanuef in 2019-20, the Senators will have to pay $729,167. In 2020-21, Kings will be charged for $4,062,500 and $1,354,167 for the Senators cap. For the next two seasons, Phaneuf will carry a $1,062,500 cap hit for the Kings and $354,167 for the Senators.
The Philadelphia Flyers decided to buy out the contract of defenseman Andrew MacDonald. The cap hit for the Flyers will be $1,166,667 in 2019-20 and $1,916,667 the next season according to CapFriendly.com.