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Forward Danny Briere is preparing to become an unrestricted free agent as part of the Philadelphia Flyers’ offseason shakeup of their high-priced roster.
A person familiar with discussions confirmed on Wednesday that Briere has been informed by the Flyers that they intend to buy out the final two years of his contract. The move will shave $6.5 million off the Flyers’ salary cap. Philadelphia had one of the NHL’s most expensive payrolls last season, and has been forced into a position to shed salary in order to get under next season’s cap, which will drop from $70.2 million to $64.3 million.
Under NHL rules, teams have the option of two amnesty buyouts to terminate contracts before the start of the 2014-15 season.