via the Flyers website,

Flyers GM Paul Holmgren issued the following statement with regards to goaltender Ilya Bryzgalov.

“I met with Ilya this morning and informed him that we are going to exercise a compliance buy out of his contract. This was a very difficult business decision to make for us and we want to thank Ilya for his time here and wish him all the best moving forward.”

More to follow, including video, shortly...

added 1:14pm,