Jeff Schultz, Rick Dipietro to be given compliance buyouts
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.
The Islanders will pay DiPietro an annual sum of $1.5 million for the next 16 years.
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