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Hurricanes to buy out Semin

Carolina Hurricanes v Columbus Blue Jackets

Carolina Hurricanes v Columbus Blue Jackets

NHLI via Getty Images

Just over two years ago, the Carolina Hurricanes gave Alex Semin a five-year, $35 million contract extension.

People said they were crazy.

Today, the Hurricanes announced that they’ve placed Semin, 31, on unconditional waivers with the intention of buying out his contract.

It’s a move they said back in January that they wouldn’t make.

“Our job is to continue to work with him and get the message through,” GM Ron Francis said. “We think we can do it. We’re not giving up on him at all.”

But after Semin finished the season with just six goals in 57 games, they’ve given up.

The ‘Canes will carry a cap hit of just over $2.3 million through 2020-21 for the buyout.

Related: Carolina ‘looking at all the options’ for Semin, says Francis