A few days ago, Joe Sakic said the Avs wouldn’t buy anybody out. Well, on Thursday the Avs did buy a guy out. But Sakic was talking about the compliance buyouts. The Avs have two of those they can use by next year to better comply with the lower cap if they want, and those buyouts don’t count against the team’s salary cap. Today, the Avs did a standard buyout of Greg Zanon’s contract. They put him on unconditional waivers for the purpose of buying him out. Zanon had one year left on his deal, worth $2.25 million. By doing a standard buyout, the Avs must give Zanon two-thirds of that remaining salary in a lump sum ($1.5 million). That $1.5 million counts against the Avs’ salary cap, but they can spread it out over two years.
Avalanche buys out Greg Zanon’s contract, puts him on waivers
Denver Post | Jul 5