Washington Capitals place Richard Panik on waivers

Richard Panik, Washington Capitals Mandatory Credit: Geoff Burke-USA TODAY Sports

The Washington Capitals are cash strapped but despite this look to be buyers for next Monday’s trade deadline which ends at 3 p.m. on April 12. The Caps had to let someone go on waivers to free up cap space and the player they chose is Richard Panik.

This doesn’t mean he is necessarily released. Waivers means there’s a 24 hour period to get claimed by another team. If you aren’t claimed by noon the next day, you go straight to the minors most likely the AHL.

So tomorrow we’ll find out if Panik will get claimed or if he clears. If he clears waivers, he’ll go to the Hershey Bears, Washington’s AHL affiliate. Or he…