Kings buy out final year of Matt Greene's contract

The Los Angeles Kings have bought out the contract of defenseman Matt Greene, the club announced Friday.

Greene had been with the Kings for nine seasons and helped the club win two Stanley Cups (2012, 2014).

"Matt has made incredible contributions to our hockey club and we are very grateful for everything he has done since joining our organization including his outstanding leadership," said Kings president Luc Robitaille.

"Upon his arrival to Los Angeles he played a significant role in helping change the culture of the Kings and his contributions to our two Stanley Cups in particular is immeasurable."

Greene had one year remaining on his player contract, and the buyout will result in a cap charge of approximately $833,333 for the 2017-18 and 2018-19 seasons.