Ottawa Senators put Bobby Butler on waivers, poised to buy him out

Bobby Butler’s days with the Ottawa Senators are numbered.

Ottawa Senators put Bobby Butler on waivers, poised to buy him out

Bobby Butler’s days with the Ottawa Senators are numbered.
The Senators placed him on waivers Thursday and could buy him out as soon as he clears on Saturday.
Scheduled to make $1.2 million in 2012-13, Butler, 25, can be bought out at just one-third of his contract because of his age.
That would amount to $400,000 paid in $200,000 instalments over the next two years.
But his salary-cap hit, according to capgeek.com, would be cheaper, $50,000 next year, and $200,000 in 2013-14
After getting 10 goals and 11 assists in 36 games with the Senators in 2010-11, and 22 goals and 11 assists in 47 games in Binghamton, there was some hope Butler could find a spot among the team’s top-six forwards.
But he was a bust in 2011-12, getting only six goals and 10 assists in 56 games.
And with a number of prospects expected to contend for, and likely win, spots on next year’s rosters, Butler looked like he was going to be the odd-man out.
For the Senators, buying him out is far cheaper than paying him $1.2 million to play in Binghamton.
Butler was originally signed as a free agent out of the University of New Hampshire, where he served as the team captain.

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