via Michael Smith of CarolinaHurricanes.com,

The Carolina Hurricanes placed forward Alexander Semin on unconditional waivers Tuesday with the intent of buying out his contract.

Semin was notified of the club’s decision Tuesday, per the Collective Bargaining Agreement, and he will need to clear waivers at noon Wednesday prior to being bought out.

Semin, 31, signed a five-year, $35 million extension with the Hurricanes in March 2013, and he has three years remaining on his contract.