The window for compliance buyouts opened at 11 p.m. ET on Wednesday and lasts until 5 p.m. ET on July 4. Each player must clear waivers for the buyouts to take place. If a player is claimed, the Blackhawks would save a compliance buyout, per the new Collective Bargaining Agreement.
Montador has two years remaining on his contract, which would have counted $2.75 million against the salary cap, according to Capgeek.com. Olesz also has two years left on his contract, and would count $3.123 million against the cap.
I'm very excited about what happened today. We've worked on this deal with Toronto for a month, or over a month. It got a little bit of legs on draft day, but it really heated up last night, and we were able to complete the deal today.
— Penguins GM Jim Rutherford on Phil Kessel, who he acquired from the Maple Leafs in a trade on Wednesday