Canadiens place Alzner on waivers for purpose of buyout
The Montreal Canadiens have placed veteran defenseman Karl Alzner on unconditional waivers for the purpose of buying out his contract, the team announced Tuesday.
Alzner, 32, has two years remaining on his deal, which carries an annual cap hit of $4.62 million.
With 2 years remaining Karl Alzner's contract, a buyout will span 4 years for the #Habs.
— CapFriendly (@CapFriendly) October 6, 2020
The cap hit buyout breakdown is as follows:
2020-21: $3,958,333
2021-22: $1,958,333
2022-23: $833,333
2023-24: $833,333https://t.co/bvHS5OrTUo pic.twitter.com/M8YU2PYxcr
The Canadiens currently have $10.87 million in projected cap space for 2020-21, per CapFriendly.
The 6-foot-2 blue-liner appeared in four games for Montreal this season. He has spent the majority of the last two campaigns with the AHL's Laval Rockets.
Alzner signed a five-year, $23.12-million pact with the Canadiens ahead of the 2017-18 season. He recorded 12 points in 82 games during that campaign and played just nine contests in 2018-19 before being sent down to the AHL.
The British Columbia native has amassed 20 goals and 130 points over 686 career games.
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