Forward Lauri Korpikoski was placed on unconditional waivers by the Edmonton Oilers on Thursday for the purposes of a contract buyout.
Korpikoski, 29, was owed $3 million, with an NHL salary-cap charge of $2.5 million for next season, according to General Fanager. The Oilers will be charged $500,000 for next season and $1 million on the salary cap for the 2017-18 season.
Korpikoski signed a four-year, $10 million contract with the Arizona Coyotes before the 2013-14 season and was traded to the Oilers for forward Boyd Gordon on June 30, 2015. Korpikoski had 10 goals and 22 points in 71 games in his only season in Edmonton.
The veteran left wing has 78 goals and 181 points in 540 NHL games with the Oilers, Coyotes and New York Rangers.