Devils to buy out Cory Schneider

The New Jersey Devils placed veteran netminder Cory Schneider on unconditional waivers for the purpose of a buyout, the team announced Thursday.

The 34-year-old has two years remaining on his current deal with an annual cap hit of $6 million.

Schneider's cap hit will be $2 million per season for the next four years following the buyout, according to CapFriendly. He is now an unrestricted free agent.

The 6-foot-3 puck-stopper split time between between the Devils and AHL Binghamton Devils in 2019-20. He appeared in 13 games for the NHL club, posting a 3.53 goals-against average and .887 save percentage.