With his no-move clause, like Sportsnet’s Elliotte Friedman Explain, Yandle does not need to be placed on waivers.
Yandle still had two years on his contract, which had a cap of $ 6.35 million. According to CapFriendly, the buyout will cost the Panthers $ 2.3 million in 2021-2022, $ 5.4 million in 2022-2023 and then only $ 1.2 million in 2023-24 and 2024-25.
“We would like to sincerely thank Keith for all he has contributed to the Florida Panthers organization and the South Florida community over the past five seasons,” said Panthers general manager Bill Zito, in a statement. “While a decision like this is never easy to make, we believe this change is necessary as we look to the 2021-22 season and the future of our club. “
The 34-year-old has spent the last five seasons with the Panthers, following his two seasons with the Rangers and his stint with the Coyotes. The veteran has 16 seasons of NHL experience.
In 56 games this season, Yandle has three goals and 27 points with a minus eight rating. In three playoff games, he added two assists before the Panthers were ousted by the Tampa Bay Lightning in the first round.