Keith Ballard waived by Canucks

Rich Lam

Keith Ballard has been placed on waivers by the Vancouver Canucks.

The Vancouver Canucks have placed defenseman Keith Ballard on waivers, according to Bob McKenzie of TSN on Monday afternoon.

Ballard has been mentioned as a potential candidate for a compliance buyout. Given the declining nature of the salary cap to $64.3 million in the 2013-14 season, all teams have been given the option of using two compliances buyouts to clear two contracts from their books. This option also aids clubs looking to shed contracts that violate the cap benefit recapture clause, which punishes front- or back-loaded deals under the new collective bargaining agreement.

However, McKenzie notes that Ballard has been placed on conventional waivers, not unconditional waivers, which are required to administer a player a compliance buyout.

Ballard is entering the fourth year of a six-year, $25.2 million contract that carries an annual average value of $4.2 million against the salary cap. The Canucks have $60 million allocated to 16 players next season, according to capgeek.com.

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