“I met with Danny last week and informed him of our decision to use a compliance buy out on his contract. This was a very difficult decision for us to make as Danny has been a very good player for us over the past six years. Danny came to our organization as a free agent in July of 2007 and has been a tremendous player, person and role model in all aspects and for that we thank him. We wish him continued success and best wishes in any future endeavors.”
As reported earlier this week on TMMOTS; Briere is 35 years old and has two years left on his current contract. The flyers will owe Briere $3.33 Million over the next four-years.
A report found on cbssports.com had this to say about the buy out.
Briere was an ideal candidate for a buyout, especially as the season progressed. He had a very disappointing season with just six goals and 10 assists over 34 games, hardly enough production to justify his $6.5 million salary-cap hit that was on the books for the next two seasons. With Briere turning 36 in October, it didn’t seem like a rebound would come.
There is little doubt that Briere is a cap causality. If the Flyers were not over the cap Briere may have been able to remain with the team. Let’s not forget that Chris Pronger is still on the Flyers active payroll.