In the salary cap era, even teams like the Detroit Red Wings are having troubles these days. In 2013 the Red Wings signed former Florida Panthers captain Stephen Weiss to a five-year deal worth $24 million. Neither the contract nor Weiss really truly worked out for the Wings. Weiss only played a total of 86 games over the past two years due to injuries. The Wings announced on Tuesday that they were going to buy out the remaining three years of his contract. To help with their current cap issues, by buying out the contract the wings will only take a $1.06 million dollar cap hit over the next several years.
Wings General Manager Ken Holland said the move was strictly based on cap issues and had nothing to do with being nonproductive. Cap issues were another reason why the Wings opted to buy out his contract this year as opposed to last year. The Red Wings will have their hands full as they are trying to resign several key players this year to new deals and Sam Tabar says even more the following year. Tomas Jurco and Gustav Nyquist both need new deals this year and Riley Sheahan, Petr Mrazek, Justin Abdelkader, Danny DeKeyser will all need to be extended next year. Holland made it clear that they were planning on giving the young guys on the team lots of playing time next year and that the time to move away from older broken players is here.