Senators place White on waivers for purpose of buyout

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The Ottawa Senators have placed forward Colin White on unconditional waivers for the purpose of a buyout, according to Sportsnet's Elliotte Friedman.

White had three seasons remaining on his contract at a $4.75-million cap hit.

The buyout costs one-third of the total remaining value on the contract since White is under 26 years old. Here's a breakdown of Ottawa's cap savings, according to CapFriendly:

Season Base salary Buyout cost Savings
2022-23 $4.75M $875K $3.875M
2023-24 $4.75M $875K $3.875M
2024-25 $6.25M $875K $5.375M
2025-26 $0 $875K -$875K
2026-27 $0 $875K -$875K
2027-28 $0 $875K -$875K

White was the 21st overall pick in 2015. He's struggled to stay healthy and produce of late, managing 28 points in 69 games over the past two seasons.

The Senators have over $27 million in cap space to work with this offseason with a roster size of 14.

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Senators place White on waivers for purpose of buyout
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