Kukla's Korner Hockey
by Paul on 06/30/12 at 12:52 PM ET
The Toronto Maple Leafs have parted ways with forward Colby Armstrong.
The team decided to buy out the final year of his contract, worth $3 million. He will be placed on unconditional waivers at noon et today.
The buyout will count for $1 million towards the team’s salary cap over the next two seasons. The move frees up an additional $2 million for the team heading into free agency July 1, giving them $14.8 million in available cap space.
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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
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