The Blue Jackets have placed Jared Boll on unconditional waivers for the purposes of buying him out.
Jared Boll has been placed on waivers for the purpose of a buyout. #CBJ
— ColumbusBlueJackets (@BlueJacketsNHL) June 30, 2016
DETAILS: https://t.co/iqgTPBiYD8 pic.twitter.com/AULFLgYSX9
I discussed this move yesterday when talking about Fedor Tyutin. I would have rather seen the Blue Jackets just bury Boll in the AHL for a year and get the $900K cap relief and then have him off the books next season. But alas they didn’t go for that. This move saves the team about $1.1M this season but costs them about $500,000 the following season.
A Jared Boll buyout will be a $566,666 cap hit for 2016 and 2017. Saves #CBJ $1,133,334 on this year's cap. pic.twitter.com/ZmdsKWKhQ4
— General Fanager (@generalfanager) June 30, 2016
Say what you will about Boll (and I know I've said my fair share) he was one of the longest tenured Blue Jackets and will be missed by many fans.
Only three have played more games in a #CBJ sweater than Jared Boll (518): David Vyborny (543), Fedor Tyutin (553) & Rick Nash (674).
— Rob Mixer (@RobMixer) June 30, 2016
Going forward this not only clears cap space but also clears a contract. The Blue Jackets now have roughly $4.5M in cap space and 45 contracts. They would be able to add a free agent in the $3Mish range if they want to go down that route. Ideally though they should just hold that cap space and look to sign players on the cheap, whether it be a free agent or a prospect (#SignSalituro).
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