WJBD Radio

Images

Now Playing

National Sports

WJBD - National Sports - Flyers Buy Out Contract of Goalie Ilya Bryzgalov

Flyers Buy Out Contract of Goalie Ilya Bryzgalov

Len Redkoles/NHLI via Getty Images(VOORHEES, N.J.) -- Goalie Ilya Bryzgalov will only serve two of the nine years on the contract he signed with the Philadelphia Flyers.

Bryzgalov signed a $51 million contract with the Flyers in 2011, but Tuesday the Flyers announced they will buy out the remainder of the 33-year-old's contract.

The buyout will cost the Flyers two-thirds ($23 million) of what is still owed to Bryzgalov. By buying out the goalie's contract, the team saves $5.667 million on the cap for each of the next seven seasons.

"Obviously it’s a costly mistake that we made," Flyers general manager Paul Holmgren said. "You know Ilya, it’s hard to fault him. I still believe he played pretty good, but in a salary cap world you need to make decisions from time to time that put you in a better light moving forward and this is one of those."

Bryzgalov played 99 games for the Flyers the past two seasons. During that time he compiled a 52-33-10 record to go with a .905 save percentage and a 2.61 goals-against average.

Each NHL team gets two compliance buyouts between the end of the 2012-13 season and the start of the 2014-15 season. The Flyers are now out of compliance buyouts after using their first one on forward Danny Briere last week.

Copyright 2013 ABC News Radio

See other NationalSports news:

Scoreboard Roundup - 7/24/14
Ravens RB Ray Rice Suspended for Two Games
Jacksonville Jaguars WR Justin Blackmon Arrested for Third Time
Padres' Outfielder Cameron Maybin Suspended 25 Games
Rangers Trade Closer Joakim Soria to the Tigers




This Site logo