Maple Leafs' Jared Cowen: On waivers as buyout candidate

The Leafs placed Cowen on waivers Wednesday for the purpose of buying out his contract, Wayne Scanlan of the Ottawa Citizen reports.

NHL teams are required to waive a player before executing a buyout. Assuming Cowen ends up clearing waivers, the Buds would then be able to complete the buyout process. We're talking about a guy who, despite dealing with a significant hip injury, was acquired from the Senators in the Dion Phaneuf swap this past February, only to get waived and ultimately sent down to minor-league affiliate AHL Toronto. After past attempts to get rid of Cowen proved fruitless, the Leafs may be able to finally move on from him and garner hefty buyout savings amounting to $3.75 million in 2016-17.