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Person familiar with deal: Islanders buy out remaining 8 years of DiPietro's long contract

Monday, 07.01.2013 / 10:45 PM / News

The Canadian Press

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Person familiar with deal: Islanders buy out remaining 8 years of DiPietro's long contract

NEW YORK, N.Y. - An Islanders team official confirmed that the team will buy out the remaining eight years of oft-injured goalie Rick DiPietro's contract.

The 31-year-old DiPietro, the No. 1 pick in the 2000 NHL draft, will be placed on waivers Tuesday before the compliance buyout can be used, the Islanders official told The Associated Press on Monday night on condition of anonymity.

The club will have to pay DiPietro $1.5 million for each of the next 16 years — double the years left on his original 15-year pact with New York. That amount won't count against the Islanders' salary cap.

DiPietro didn't immediately respond to a text message sent to him by the AP on Monday night. He has been limited to 50 NHL games since the 2008-09 season, plagued by multiple concussions and injuries to his hip and knees that required surgery.

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