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NHL Buyouts: LA Kings Buy Out Dion Phaneuf, and the Philadelphia Flyers Plan To Buy Out Andrew MacDonald

The Los Angeles Kings buy out defenseman Dion Phaneuf

Curtis Zupke of the LA Times: The Los Angeles Kings have bought the final two years of defenseman Dion Phaneuf’s contract.

The 34-year old would have carried a $5.25 million cap hit for the Kings for two more seasons. The Kings are rebuilding and looking to move out some of their higher priced, older players.

CapFriendly: Phaneuf’s buyout will be shared by two teams – the Kings at 75 percent and the Ottawa Senators at 25 percent.