Defenseman Matt Greene was placed on waivers by the Los Angeles Kings on Thursday for the possible purpose of a buyout.
"It's an option, but it doesn't mean we're going to go that route [of a buyout]," Kings general manager Dean Lombardi told the Los Angeles Times. "You've got a limited period so you see what is potentially out there. It gives you a little more flexibility if you want to go that route. … It's a mechanism to look at all of your options."
Greene, 33, has two years remaining on a four-year, $10 million contract he signed with the Kings before the 2014-15 season, according to General Fanager. Los Angeles would have an NHL salary-cap charge of $833,333 per season over the next four seasons if it buys out Greene.
Greene played three games with the Kings this season before a shoulder injury ended his season. He had 65 points in 438 games in eight seasons with the Kings and was a member of two Stanley Cup championship teams in Los Angeles (2012, 2014).
A second-round pick (No. 44) of the Edmonton Oilers at the 2002 NHL Draft, Greene has 16 goals and 78 points in 589 games with Edmonton and Los Angeles.