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Streit was placed on unconditional waivers for the purpose of terminating his contract Sunday, Elliotte Friedman of Sportsnet reports.

It appears that Father Time has caught up with the 39-year-old blueliner, who was once one of the better fantasy defensemen in the league. Streit declined to report to the Habs' minor-league affiliate in Laval, which is why each party is looking to resolve the situation via contract termination. Should he clear waivers, Streit will be free to sign with any team he chooses.

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