The Ottawa Senators placed forward Colin White on unconditional waivers Tuesday for the purposes of a buyout, multiple outlets reported.
White, 25, had three goals and seven assists in 24 games in 2021-22, the third season of a six-year, $28.5 million deal he signed in 2019.
Because he is under 26, TSN reported that the buyout will save the team $3.875 million of White's $4.75 million cap hit over the next two seasons. Ottawa will save an additional $5.375 million in cap space in 2024-25.
The Senators will be left with a cap charge of $875,000 in each of the next three seasons, per the reports.
A first-round draft pick (21st overall) by Ottawa in 2015, White has accumulated 98 points (36 goals, 62 assists) in 224 games since making his Senators debut on April 3, 2017.
--Field Level Media