Oilers waive Sekera for purpose of buyout

The Edmonton Oilers have placed veteran defenseman Andrej Sekera on unconditional waivers for the purpose of a buyout, the team announced Sunday.

Sekera has two more years on his contract at an annual cap hit of $5.5 million. His buyout will cost the Oilers $2.5 million in each of the next two seasons and $1.5 million for the two campaigns after that, according to CapFriendly.

The 33-year-old signed a six-year pact with Edmonton in 2015 but injuries marred most of his Oilers tenure. Sekera only appeared in a combined 60 games over the last two seasons, registering 12 points.

With Sekera now a free agent, the Oilers have a projected $11.3 million to spend this summer.