added 11:22am, from Helene St. James of the Detroit Free Press,

The Detroit Red Wings are parting with Xavier Ouellet.

General manager Ken Holland told the Free Press that Ouellet is being placed on waivers to enable a buyout.

It has been clear for some time Ouellet, 24, no longer fit into the Wings’ plans. He played only 45 games in 2017-18, unable to gain a foothold and passed on the depth chart by Nick Jensen.

It’ll cost roughly $166,000 against the salary cap next season and $266,000 the following season. The benefit is it clears a roster spot. The Wings are banking that at least one prospect from a group that includes Dennis Cholowski, Filip Hronek, Libor Sulak and Joe Hicketts will push for a spot in Detroit out of training camp this autumn.

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added 12:21pm, Cap hit breakdown is below.