The Chicago Blackhawks have placed forwards Henrik Borgstrom and Brett Connolly on unconditional waivers for the purpose of a buyout. The first buyout window closes on Tuesday at 4 p.m. CT., which means Monday was the last day to put players on waivers because each team has 24 hours to put a claim in.
Assuming both players clear, the Blackhawks will save $1.9 million in actual cash by buying out Borgstrom and Connolly. But it will cost them on the salary cap, although it's not a huge deal with the Blackhawks embarking on a full-scale rebuild.
Connolly's bought-out cap hit will be $1.166 million during each of the next two seasons while Borgstrom's cap hit will be $83,334 this coming season and $183,334 the following campaign. It's not the only dead money they'll have on the books, either.
With Duncan Keith reportedly retiring, the Blackhawks' cap recapture penalty will be $5.538 million in 2022-23 and $1.938 million in 2023-24. That means the Blackhawks will have $6,788,463 tied up to three players who won't be on the roster in 2022-23 and $3,288,457 in 2023-24.
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