Back to the Detroit Red Wings Newsfeed

Red Wings: Steve Yzerman Continues to Move Detroit Forward

DETROIT, MI - APRIL 09: Former Detroit Red Wing Steve Yzerman #19 enters a ceremony honoring Joe Louis Arena on April 9, 2017 in Detroit, Michigan. The Detroit Red Wings beat the New Jersey Devils 4-1 in the last NHL game at the arena. (Photo by Gregory Shamus/Getty Images)

The Detroit Red Wings buyout of Frans Nielsen on Thursday reveals that Steve Yzerman has now eliminated all but one hefty contract from the Ken Holland era, continuing the movement away from a bloated cap hell and into one that offers more spots for younger players and an organization suddenly flush with cap space.