Leino clears waivers

BUFFALO, N.Y. (WIVB) — Ville Leino cleared waivers Wednesday, clearing the way for the Buffalo Sabres to use one of their compliance buyouts on the forward.

Each team is allowed two compliance buyouts, according to the terms of the latest NHL Collective Bargaining Agreement. Teams can buy out the remaining years of a contract for 2/3 the remaining value, with none of that money counting against the salary cap.

While the move frees up cap room, it also means the Sabres have quite a bit of money to spend this offseason in order to reach the NHL’s salary floor. According to capgeek.com, the Sabres have to spend more than $18 million to get to the league minimum for 2014-15.

Leino will hit free agency, once the buyout is complete. His agent told News 4 Sports yesterday, his first priority is to catch on with another NHL club.

WIVB.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Note: Comments containing links are not allowed.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s