Panthers shed Marc Savard's contract in deal with Devils

The Florida Panthers and New Jersey Devils have made a minor-league trade that includes a noteworthy NHL contract.

The Panthers have acquired forwards Paul Thompson and Graham Black from the Devils in exchange for Florida's 2018 second-round pick and center Marc Savard.

The 38-year-old center has not played since the 2010-11 season due to a series of major concussions, but his contract remains on the books, meaning the Devils are now on the hook for the $4,027,143 cap hit next season.

The Panthers now have over $20 million in available cap space (according to general fanager), while the Devils now have an extra draft pick in the arsenal.