TORONTO- The Toronto Maple Leafs have placed Mikhail Grabovski on waivers and will buy out his contract.
“I would like to thank Mikhail for his contributions with the Leafs over the past five seasons, ” said Maple Leafs Senior Vice President and General Manager Dave Nonis, in a statement.
“This was not an easy decision to make as Mikhail made numerous contributions to our hockey club. This is a roster move that will give us salary cap flexibility moving forward.”
The Leafs forward finished his first season of a five-year contract averaging $5.5 million a year.
Grabovski, 29, registered nine goals and seven assists in 48 games with the Leafs last season.
During the 2009-2010 season Grabovski set career highs with 29 goals and 58 points.
In his NHL career of 367 games with the Toronto Maple Leafs and Montreal Canadiens he’s recorded 94 goals and 217 points.
NHL clubs are allowed “two compliance” buyouts, removing them from the salary cap under the new collective bargaining agreement between the league and player’s union.