The Buffalo Sabres reportedly have placed forward Tim Kennedy on waivers, and TSN said they are expected to buy out the remainder of his contract if he clears.
Kennedy, 24, scored 10 goals and 16 assists in 78 games last season for the Sabres. He re-signed with Buffalo as a restricted free agent on July 29, and is due to earn $1 million in 2010-11 under terms of the arbitration award announced last week. The Sabres had to accept the award under terms of the collective bargaining agreement, which says a team can't walk away from an award of less than $1.6 million.
According to capgeek.com, a buyout would cost the Sabres $333,333 over two years, with a reduced cap hit of $166,667 this season instead of $1 million.
The Buffalo native was drafted by the Washington Capitals in the sixth round of the 2005 Entry Draft and traded to the Sabres a month later.
The 5-foot-9, 176-poind forward had 1 goal and 2 assists in Buffalo's first-round playoff loss to the Boston Bruins. He also scored one goal in six games for Team USA at the World Championship.