Today Elliotte Friedman tweeted that the Arizona Coyotes have placed forward Michael Grabner on waivers for the purposes of buying out the final year of his contract.
Michael Grabner (ARIZ) on waivers for the purposes of a buyout.
— Elliotte Friedman (@FriedgeHNIC) October 3, 2020
The move will provide the Coyotes with some cap relief, although they will likely need to make a few more moves.
After buying out Grabner final yr $3.35M Cap Hit (Cap Hit Yr 1 $833K Yr 2 $1.