Buffalo Sabres forward Cody Hodgson and Nashville Predators forward Viktor Stalberg were placed on waivers Monday for the purposes of having their contracts bought out, according to TSN.
Teams wishing to buy out players first have to place them on waivers; if they go unclaimed after 24 hours their contracts then can be bought out.
Hodgson, 25, had career-worst totals of six goals and 13 points in 78 games in 2014-15. He has four years remaining on a six-year contract he signed in 2013. According to war-on-ice.com, he's still owed $19 million.
According to the Collective Bargaining Agreement, since Hodgson is younger than 26, the Sabres would have one-third of the remaining value of the contract count toward their salary cap for twice the remaining years, meaning Hodgson would be on the salary cap until the 2022-23 season.
Stalberg had two goals and 10 points in 25 games with the Predators this season, and he had 17 points in 20 games with the Milwaukee Admirals, their American Hockey League affiliate.
He signed a four-year, $12 million contract in July 2013 but has 10 goals and 25 points in 95 games in two seasons. Stalberg, 29, is due to make $3.5 million each of the final two seasons of the contract with a salary-cap charge of $3 million; a buyout of his contract would save the Predators $4.667 million toward their salary cap, according to war-on-ice.com. However, he would count toward their salary cap through the 2018-19 season.