Penguins buying out Jack Johnson
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The Pittsburgh Penguins placed defenseman Jack Johnson on unconditional waivers for the purpose of buying out his contract, the team announced Monday.
The Penguins inked Johnson to a five-year, $16.25-million deal in 2018. He has three years left on the contract with an average annual value of $3.25 million.
With the buyout, Johnson's cap hit will be $1.67 million for 2020-21 and 2021-22, $1.9 million for 2022-23, and then $917,000 for the following three seasons through the conclusion of the 2025-26 campaign, according to CapFriendly.
The 33-year-old had three goals and eight assists in 67 games during the 2019-20 season. At five-on-five, Johnson had a 46.97 Corsi For rating and a 47.34 expected goals for percentage.
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