The Philadelphia Flyers announced, in a one-sentence statement, the end of the Tony DeAngelo era.
The statement: The Philadelphia Flyers have placed Tony DeAngelo on unconditional waivers.
The Flyers’ plan is to buy out DeAngelo, a source confirmed. Sportsnet’s Elliotte Friedman reported the buyout strategy.
DeAngelo, a defenseman, is scheduled to have a $5 million cap hit for the 2023-24 season.
DeAngelo, 27, could be bought out Saturday if he clears waivers. He has one year left on his two-year, $10 million contract. Buying out DeAngelo would cost the Flyers $3.33 million spread over the next two seasons.
The Flyers thought they had a trade in place with Carolina to move DeAngelo. An NHL rule held up the trade because of a salary cap regulation. The trade was expected to be completed this week.
The Flyers signed DeAngelo last year to a two-year deal worth $10 million.
This is a breaking story. More details to follow.