With the NHL's free agent signing period a day away, a few NHL teams are getting set by dumping contracts.
Calgary Flames defenceman Shane O'Brien, Toronto Maple Leafs defenceman Tim Gleason and New Jersey Devils blueliner Anton Volchenkov were all placed on waivers at Noon et on Monday for the purpose of buyouts.
By letting O'Brien go, the Flames save $2 million off their salary cap. O'Brien had one year left left on his contract and was owed $2.2 million in actual salary.
O'Brien, who signed a three-year deal with the Colorado Avalanche in 2012, was picked up off waivers by the Flames in January.
Gleason, who has $4 million left in each of the next two seasons will be a non-compliance buyout that will affect the Leafs' salary cap over the next four seasons.
Toronto sent John-Michael Liles and the rights to prospect Dennis Robertson to the Carolina Hurricanes for Gleason on January 1. The move came one day after the club signed captain Dion Phaneuf to a seven-year extension.
The Devils will clear $4.25 million in cap space each of the next two seasons by using their second and final compliance buyout on Volchenkov.