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Report: Leafs waive Armstrong, intend to buy out deal

Saturday, 06.30.2012 / 12:01 PM / News

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Report: Leafs waive Armstrong, intend to buy out deal
The Leafs have placed Colby Armstrong on waivers with the intention of buying out the final year of his contract, according to multiple reports.javascript:void(0);

The Toronto Maple Leafs have placed Colby Armstrong on waivers with the intention of buying out the final year of his contract, according to multiple reports.

If Armstrong, who would be heading into the final season of a three-year, $9 million contract, does clear waivers and is bought out, the deal will cost the Maple Leafs $1 million in cap space for 2012-13 and 2013-14.

Armstrong had one goal and three points for the Leafs this past season, but also only played 29 games (and only 50 in 2010-11) because of injuries. He had 22 goals and 15 goals in his last two full seasons, both with the Atlanta Thrashers.

Quote of the Day

He's, believe it or not, actually one of my favorite guys, and I've ended up trading him twice. I appreciate what he's done. He was one year away from being an unrestricted free agent, and I felt with this opportunity, that it was a chance that we were able to get somebody for him in Nick Bonino and Adam Clendening.

— Penguins GM Jim Rutherford on forward Brandon Sutter