Jeff Schultz, Rick Dipietro to be given compliance buyouts

USA TODAY Sports

Jeff Schultz and Rick DiPietro were placed on unconditional waivers on Tuesday afternoon with the purpose of being given compliance buyouts.

The Washington Capitals have placed defenseman Jeff Schultz on unconditional waivers with the purpose of extending him a compliance buyout, according to Bob McKenzie of TSN on Tuesday afternoon.

Schultz was a primary candidate for a buyout this summer given his desire to be traded. Due to diminished playing time with the Capitals over the past few seasons, Schultz requested a trade, which general manager George McPhee was willing to accommodate. However, McPhee believed it would be difficult to find a willing suitor given that Schultz hadn't played much recently. This made the buyout a viable course of action.

The 27-year-old defenseman is entering the final season of a four-year, $11 million contract that carries an annual average value of $2.75 million against the salary cap. Washington will pay him $1 million over the next two seasons and Schultz will be free to become an unrestricted free agent come July 5.

In addition, the New York Islanders also placed goaltender Rick DiPietro on unconditional waivers with the intent of giving him a compliance buyout. This decision was reported on Monday night and formally executed on Tuesday afternoon. He will also become an unrestricted free agent when the market opens on Friday.

The Islanders will pay DiPietro an annual sum of $1.5 million for the next 16 years.

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.