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.