As was first reported by Josh Rimer on Twitter, Martin Havlat has been bought out by the San Jose Sharks.
Havlat had spent the past three seasons in San Jose, never playing more than 48 games (this past season) and his best point total came in his first year with the team when he had 27 points (7-20) in 39 games. Before coming to San Jose, Havlat had spent five seasons with the Ottawa Senators (the team that drafted him), three seasons with the Chicago Blackhawks and two with the Minnesota Wild before being traded to San Jose. His best season came with the Blackhawks when he had 77 points (29-48) in 81 games during the 2008-09 season. This past season, Havlat played in just one of the Sharks’ playoff games and didn’t record a point.
Havlat had one more year left on his contract that he signed with the Wild in 2009-10 and was going to make $6 million with a $5 million cap hit. With the buyout, the Sharks will have a $1 million cap hit this season and a $2 million cap hit next season (according to CapGeek.com). Havlat will hit the free agent market in search of a team that will be able to use his services at a reduced salary than his previous one.
Follow me on Twitter, @BShaw27.