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Butler's contract bought out by Senators

Friday, 07.27.2012 / 12:50 PM

By NHL.com Staff -  / NHL Free Agency 2012 blog

The Ottawa Senators announced Friday that the club has bought out the remainder of the contract of forward Bobby Butler, which was valid through the end of the 2012-13 season.

A native of Marlborough, Mass., Butler appeared in 94 games over the past three NHL campaigns with Ottawa, tallying 37 points (16 goals, 21 assists) and 22 penalty minutes. He was held scoreless in three postseason contests during Ottawa's first-round loss to the New York Rangers.

Butler, 25, was signed by the Senators on March 29, 2010, after completing his collegiate career with the University of New Hampshire.

The Ottawa Citizen reports the cost of the buyout is $400,000, paid to Butler in $200,000 installments over the next two years. Citing CapGeek.com, it says Butler's salary-cap charge will be $50,000 next season and $200,000 in 2013-14.

It means a lot to us, we're very excited. We're looking to continue to build on [our] top core talent of young players. It's just a great opportunity for us to really build high.

— Panthers vice president of hockey operations Travis Viola after Florida won the No. 1 pick in the NHL Draft Lottery