After reviewing his high stick at the end of last night's loss in Game 2, the NHL has decided to fine Hurricanes forward Ryan Bayda $2,500. He will not be suspended.
Although Bayda received a match penalty for the incident, which comes with an automatic one-game suspension, the league decided to rescind that part of his punishment. It can be inferred from the decision that the NHL didn't find Bayda's actions to be necessarily deserving of the match penalty designation, although one can't necessarily fault the referees who made the call for not wanting the after-the-whiste rough stuff to escalate.
It's very similar to the aftermath of the Scott Walker incident, in which his instigator penalty with under five minutes remaining brought on an automatic one-game suspension that the league later waived.
For those wondering where the $2,500 number keeps coming from, it's the maximum allowed by the NHL according to the Collective Bargaining Agreement.