Tomas Kaberle buyout: Canadiens D placed on waivers

Eric Bolte-USA TODAY Sports

The Montreal Canadiens will use their final compliance buyout on defenseman Tomas Kaberle.

The Montreal Canadiens have placed defenseman Tomas Kaberle on waivers with the intention of extending him a compliance buyout, according to Bob McKenzie of TSN on Thursday afternoon.

Kaberle is entering the final-year of a three-year deal that carries an annual average value of $4.25 million against the salary cap. Per the rules of the collective bargaining agreement, Montreal will pay Kaberle two-thirds of the value of his existing contract over twice the term of the deal. This amounts to an annual payment of $1.5 million over the next two years.

Due to the declining nature of the salary cap to $64.3 million for the 2013-14 season, all teams were allotted two buyouts to clear contracts off their books without penalty. Kaberle's compliance will mark the final opportunity the Canadiens have to use one, as the club extended forward Scott Gomez an accelerated compliance buyout prior to the start of the 2013 regular season.

Kaberle will become an unrestricted free agent on July 5. He can not re-sign with Montreal this summer.

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