Panthers shed Marc Savard's contract in deal with Devils
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.
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