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Montreal Canadiens place Karl Alzner on waivers in order to buy out his contract

The Montreal Canadiens have placed defenceman Karl Alzner on waivers with the intention of buying out his contract after he clears waivers.

Canadiens place Karl Alzner on unconditional waivers for the purpose of buying out the remaining two years of his contract.https://t.co/2olSmZqbct

— Canadiens Montréal (@CanadiensMTL) October 6, 2020

Alzner was signed to a five-year contract in 2017 with a cap hit of $4.625 million per season. In total, he played 95 NHL games with the Canadiens, scoring one goal and adding 12 assists.