Mason Raymond had one year left of carrying a $3.15 million cap hit. With his buyout, he now only counts for $1.05 million on the cap this year, saving the Flames $2.1 million in cap space. He will also count for $1.05 million on the cap in 2017-18.
This is the first time the Flames have executed a buyout since using a compliance one on Shane O'Brien, and the first time since Nigel Dawes was bought out after the 2009-10 season.
The current cap situation
The Flames have $2.5 million committed to a goalie with another still to sign; roughly $29.