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Report: Schaefer placed on waivers by the Bruins
Posted By Joe Haggerty On June 29, 2009 @ 5:40 pm In General | 1 Comment
According to a TSN report , Bruins winger Peter Schaefer was placed on waivers on Monday along with St. Louis Blues defenseman Jay McKee and Florida Panthers forward Brett McLean. Schaefer spent the entire 2008-09 season with the Providence Bruins and scored 26 points in 47 AHL games — a casualty of the salary cap system where his $2.1 million cap hit would have proven unwieldy for the B’s at the NHL level last season. Schaefer scored 26 points in 63 games for the Bruins in 2006-07 after GM Peter Chiarelli traded for the former Ottawa Senator forward prior to the season.
Placing Schaefer on waivers could be a precursor for buying out the soon-to-be 32-year-old’s contract for the 2009-10 season, but that hasn’t taken place as of yet. Contract buyouts come at two-thirds the cost to the club, with the team gaining the ability to spread out the cost of the buyout over twice the amount of time remaining on the contract (eg. with one year left on the contract for each of these players, the cost against the team’s cap is spread out over the next two seasons). For Shaefer, that means a contract buyout would add a total of $700,000 to Boston’s cap hit for the next seasons.
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 TSN report: http://www.tsn.ca/nhl/story/?id=283226
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