Filip Kuba bought out by Florida Panthers

USA TODAY Sports

The Panthers have used a regular, non-compliance buyout on Kuba.

The Florida Panthers have issued defenseman Filip Kuba a regular, non-compliance buyout, according to Bob McKenzie of TSN on Wednesday afternoon.

Kuba had one-year remaining on a two-year, $8 million contract that carried an annual average value of $4 million against the salary cap. Given the no-movement clause in his contract, the 36-year-old defenseman was not required to enter unconditional waivers prior to being administered the buyout.

Under the new collective bargaining agreement, each team is permitted two compliance buyouts that remove a player's salary from their cap allotment without penalty, but Kuba's buy out does not count against that limit. This option was created due to the declining nature of the salary cap for the 2013-14 season, as well as a way to adjust to new contractual rules in the collective bargaining agreement.

Florida does not have this issue. In fact, reaching the lower-limit of the salary cap is likely more of an issue than spending to the upper-limit. By buying Kuba out, the team retains a portion of his salary. Kuba will count for $1.2 million against the cap in 2013-14 and $1.4 million against the cap in 2014-15, according to CapGeek.com.

Florida signed Kuba as an unrestricted free agent last offseason. He played in 44 games with the team during the 2013 regular season. He will become an unrestricted free agent on July 5.

More in the NHL:

Full 2013 Draft coverage

The complete draft order

Photos: Chicago’s Stanley Cup parade

The best of our hockey network

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.