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Canadiens buy out Parenteau's contract

Monday, 06.29.2015 / 2:45 PM / News

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Canadiens buy out Parenteau's contract
The Montreal Canadiens bought out the contract of forward PA Parenteau, the club announced Monday.

The Montreal Canadiens bought out the contract of forward PA Parenteau, the club announced Monday.

Parenteau, 32, had eight goals and 22 points in 56 games for the Canadiens this season. He had one season left on his contract and would have cost $4 million against the salary cap, according to war-on-ice.com. He originally signed a four-year, $16 million contract with the Colorado Avalanche before being traded to Montreal last offseason.

TSN reported Anaheim Ducks defenseman Mark Fistric has cleared waivers and will be bought out.

Fistric, 29, played nine games for the Ducks this season. He was injured early in the season and then sent to the American Hockey League after he cleared waivers in January. He signed a three-year, $3.8 million contract before the start of this season, so Anaheim is buying out the final two seasons.

TSN also reported Nashville Predators forward Viktor Stalberg and Buffalo Sabres forward Cody Hodgson have been placed on waivers, and will be bought out if they clear Tuesday.

Mike Richards also cleared waivers Monday. Later in the day, the Los Angeles Kings terminated his contract.

"The Los Angeles Kings today have exercised the team's right to terminate the contract of Mike Richards for a material breach of the requirements of his Standard Player's Contract," the Kings said in a statement. "We are not prepared to provide any more detail or to discuss the underlying grounds for the contract termination at this time."

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