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Report: Leafs waive Armstrong, intend to buy out deal

Saturday, 06.30.2012 / 12:01 PM / News

NHL.com

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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.

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It's a moment that I've thought about for a very long time. It definitely feels great to get it out of the way. I couldn't have dreamed a better situation. I'm so thankful for this.

— Flames forward Sam Bennett after scoring his first career NHL goal in a Game 3 win vs. the Canucks