Sunday, August 03, 2008

Cloutier Offfically Bought Out

The Los Angeles Kings finally learned the fate of their buyout dispute with Dan Cloutier on Saturday. The NHL sided with the team and allowed them to buyout the 32-year old keeper. The dispute stemmed from Cloutier's claims that he was still suffering from an injury in the season and a team cannot waive a player when that player is injured.

The original waiving transaction had gone down in June and it only took through the month of July and into the beginning of August to finally be completed. The salary cap hit that the Kings if Cloutier was still on the team would be up at $3.1 million. They will now have two-thirds of it paid out to Cloutier and will have a cap hit for the next couple of season, thanks to the buy-out.
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