How do you know when you are ready to retire? When you decide you would rather walk away from $5.75 million instead of playing one more season. Veteran Philadelphia Flyers and former Capitals defenseman Matt Niskanen will retire with one year and $5.75 million remaining on his contract. Elliotte Friedman was the first to report the news.
With escrow, Niskanen would not have received the full $5.75 million, but he would have gotten most of it. He will now forfeit that money with his decision to retire.
"Thank you to the Flyers organization for the opportunity to play in Philly last season," Niskanen said, via the team. "I'd also like to thank the fans for their support and, lastly, I wish my teammates the best of luck."
Niskanen, 33, played a major role in the Caps' 2018 run to the Stanley Cup. He followed that season up with a lackluster 2018-19 performance. With Washington desperately needing to clear cap space and with Nick Jensen in the fold, Niskanen was traded prior to the 2019-20 season to Philadelphia for Radko Gudas where he enjoyed a significant rebound year playing on a defensive pair with Ivan Provorov. The Flyers were considered one of the contenders in the Eastern Conference heading into the postseason before falling in seven games in the second round to the New York Islanders..
With Niskanen only being 33 and on the final year of a contract he signed back in 2014, there will be no cap recapture penalty for Niskanen's retirement.