FlamesNation · Aug 2, 2019
Michael Stone clears waivers, Flames officially buy him out
After placing him on unconditional waivers on Thursday morning, the Calgary Flames have officially bought out the final year of defenseman Michael Stone’s contract.
The #Flames have agreed to buyout defenceman Michael Stone’s contract after clearing waivers. https://t.co/7YRAiSp1b3
— Calgary Flames (@NHLFlames) August 2, 2019
Our pals over at PuckPedia outlined the cap savings of the buyout, as Stone receives two-thirds of his remaining $3.5 million salary spread out over the next two seasons – his cap hit is reduced to $1.167 million.
Per @FriedgeHNIC, the #Flames are buying out 29 y/o RD Michael Stone (1 year $3.5M Remaining). Buyout Cap Hit/Savings:
-19-20: $1.167M Hit / $2.33M Savings