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Jack Johnson Placed on Waivers By Penguins For Purposes of Buyout

The Pittsburgh Penguins have placed defenseman Jack Johnson on waivers for the purposes of a buyout.

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As per a number of reputable sources, the Pittsburgh Penguins have placed defenseman Jack Johnson on waivers for the purposes of a buyout. Pierre LeBrun went so far as to post that Johnson has been bought out by the team. If he is bought out, the defenseman would be on their books through the 2025-26 season.

The team confirmed the news as well in a social media post that noted they’d also extended qualifying offers to Pontus Aberg, Anthony Angello, Sam Lafferty, Sam Miletic, and Matt Murray.

Options to place players on NHL waivers expires at noon today so it’s not surprising to see a couple of names pop up on the waiver wire in the final few hours. Johnson’s name was talked about but the sheer cost of buying him out didn’t make doing so a guarantee. As per Capfriendly, with 3 years remaining Jack Johnson’s contract, a buyout will span 6 years. The buyout details are as follows:

  • 2020-21 cap hit: $1.67M
  • 2021-22: $1.67M
  • 2022-23: $1.9M
  • 2023-24: $917k
  • 2024-25: $917k
  • 2025-26: $917k

Had the Penguins kept Johnson on the roster, he would’ve been under contract for three more years at a cap hit of $3.25 million per season. The move now clears just over $2 million in cap space for the Penguins this year.

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