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Leafs Out Of Running For Schultz, Buyout Armstrong |
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According to TSN's Bob McKenzie, the Maple Leafs and Rangers have been informed that they are out of the running for free agent defenseman Justin Schultz.
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The Leafs are preparing to move forward without winger Colby Armstrong.
The 29 year old winger is being bought out of the final year of his 3 year, $9 Million deal but will first have to clear waivers.
If he is not claimed by another team, the buyout will be spread out as a $1 Million hit against the cap over the next two seasons.
Via his Twitter account, Armstrong said "Thanks to the leaf nation for the support over the last couple seasons. Although I had tough luck thanks for everything."
After being effective in an injury shortened first season with the Leafs, the feisty winger fell off drastically in 2011-12, as a high ankle sprain and concussion problems limited him to 29 games and only 3 points.
The Leafs open up $2 Million in cap space with this move and will likely be spending it on a veteran winger to fill Armstrong's place.
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