Wild place Tom Gilbert on waivers in order to buy out contract
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In an effort to free up salary cap space, the Minnesota Wild placed defenseman Tom Gilbert on unconditional waivers Wednesday.
Once Gilbert clears waivers, the Wild are set to use one of their two compliance buyouts. In turn, the buyout will free up around $4 million in cap space. Gilbert will still receive $1 million from the Wild in each of the next two seasons.
"Due to the NHL salary cap decreasing this season, we needed to make this difficult decision to give the team more flexibility," Wild general manager Chuck Fletcher said in a statement. "We thank Tom for his time with the Wild and wish him the best going forward."
The 30-year-old defenseman, who was traded to Minnesota from Edmonton in February, 2012, tallied 18 points (three goals, 15 assists) in 63 games with the Wild.