The David Booth era in Vancouver has coming to an end.
"David Booth has been placed on waivers for the purposes of granting him his unconditional release," Canucks general manager Jim Benning said in a released statement. "In the event he clears the club will execute a Compliance Buyout in accordance with the NHL/NHLPA Collecting Bargaining Agreement.
"We wish David all the success in the future and thank him for his contributions with the Canucks."
Booth has one season remaining on his current contract that would have cost the Canucks $4.25 million against the cap next season. Now, by using a compliance buyout, obviously that charge disappears from the salary cap. Booth will still receive 2/3 of the salary remaining on his deal and now will become a free agent come July 1 ... assuming he's not claimed on waivers before a buyout, of course.
Booth was traded to Vancouver in the surprisingly active Vancouver-to-Florida pipeline in 2011 when he and Steven Reinprecht were sent to the Canucks for Mikael Samuelsson, Marco Sturm and a third-round draft pick. It seemed like a deal favoring the Canucks big time at the time but Booth never found his game in Vancouver.
First off Booth dealt with a lot of injuries and in his three years in Vancouver played just 134 of the 212 games and had just 26 goals and 25 assists to show for it. They were hoping to get the player who in Florida three times scored more than 20 goals including a 31-goal season in 2008-09 but the best run Booth had was 16 goals in 56 games in 2011-12.
We would say a buyout has to feel like a real hit to the groin but a slack line already took care of that on Booth this offseason.
Last summer the Canucks used their first compliance buyout on another player they acquired from Florida, defenseman Keith Ballard. Maybe they should just stop making deals with the Panthers. Just a thought.
By shedding Booth's contract new Canucks GM Jim Benning should have around $15 million under the projected salary cap to work with this summer according to Cap Geek.