Report: Leafs waive Armstrong, intend to buy out deal

by NHL.com

The Toronto Maple Leafs have placed Colby Armstrong on waivers with the intention of buying out the final year of his contract, according to multiple reports.

If Armstrong, who would be heading into the final season of a three-year, $9 million contract, does clear waivers and is bought out, the deal will cost the Maple Leafs $1 million in cap space for 2012-13 and 2013-14.

Armstrong had one goal and three points for the Leafs this past season, but also only played 29 games (and only 50 in 2010-11) because of injuries. He had 22 goals and 15 goals in his last two full seasons, both with the Atlanta Thrashers.