By Allan Muir
After months of speculation, the Flyers just made it official: they’re buying out the final years of Danny Briere’s contract.
“I met with Danny last week and informed him of our decision to use a compliance buyout on his contract,” Flyers GM Paul Holmgren said in a prepared statement released early this afternoon. “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.”
Briere had just two years and $5 million remaining on his deal, but it was his $6.5 million cap hit, not his salary, that forced the separation. The buyout wipes that hit off Philly’s cap, although the Flyers still have to pay Briere 66 percent of his remaining money owed ($3.3 million) over the next four years.