The Carolina Hurricanes have bought out Patrick Marleau after acquiring the forward from the Toronto Maple Leafs. The Hurricanes, in exchange for a sixth-round pick, received a conditional first round pick and a seventh-round pick in 2020 from Toronto.
The trade was a salary dump by the Leafs to get cap space to re-sign several of its players including young star Mitch Marner.
The #Canes have bought out Patrick Marleau
Details » https://t.co/VDS0wno20m pic.twitter.com/GQ8hfL39tN
— Carolina Hurricanes (@NHLCanes) June 27, 2019
According to CapFriendly, the Hurricanes will receive no cap hit savings for the move since Marleau was on a 35-plus contract. The move will allow Marleau to become an unrestricted free agent on July 1 if he opts not to retire.
The Carolina #Huricanes have made the Patrick Marleau buyout official.
Because Marleau was on a 35+ contract, there is no cap hit savings from this buyout.
The #Canes will have the following cap hit due to the buyout:
2019-20: $6.25M
2020-21: $0https://t.co/QKHgll0cJw https://t.co/LvRfRxSGp5— CapFriendly (@CapFriendly) June 27, 2019
The Hurricanes reportedly tried to convince Marleau to play for them. In the end, the Hurricanes basically paid $4.6 million for a first-round pick in 2020.
Hurricanes will buy out Marleau, Don Waddell said. Owe him his $3 million signing bonus now and $833,333 split over the next two years.
— Luke DeCock (@LukeDeCock) June 27, 2019
The day before, the Hurricanes took on Erik Haula’s salary from the cash-strapped Vegas Golden Knights in exchange for forward Nicolas Roy and a conditional fifth-round selection in the 2021 NHL Draft.
During Marleau’s five-day tenure with the Hurricanes, he scored 0 goals, 0 assists, and had 0 points in 0 minutes of time on ice. Raise the banner.
More from the Hurricanes:
RALEIGH, NC – Don Waddell, President and General Manager of the National Hockey League’s Carolina Hurricanes, today announced that the team has bought out the remainder of forward Patrick Marleau’s contract.
Marleau, 39, was acquired by the Hurricanes on June 22 along with Toronto’s first-round selection in the 2020 NHL Draft and Toronto’s seventh-round selection in the 2020 NHL Draft from the Maple Leafs in exchange for Carolina’s sixth-round selection in the 2020 NHL Draft. If Toronto’s first-round selection in the 2020 NHL Draft is a top-10 pick, the Hurricanes will instead receive Toronto’s first-round selection in the 2021 NHL Draft.
Headline photo: @c_marleau
