TAMPA - The Lightning placed veteran winger Todd Fedoruk on unconditional waivers Tuesday, generally a precursor to a team buying out the remainder of a player's contract.
Fedoruk, 31, is set to enter the final year of a three-year deal that would pay him $1.125 million this season. A buyout would come at the cost of two-thirds the remaining value on the contract, meaning Tampa Bay would owe Fedoruk $750,000 spread out over two years. The Lightning would take a cap hit of $308,333 this year and $375,000 next season, according to www.capgeek.com.
Fedoruk must first clear waivers by noon on Wednesday before the buyout can take place. Teams have until Thursday to take advantage of the buyout period.
Fedoruk's agent, Brad Devine, said in an email that he "expects (a buyout) to be the intent" of the team placing his client on waivers.
Lightning officials did not have any comment on the possible buyout of Fedoruk, who played in 50 games last season with three goals, six points and a minus-12 rating while being a healthy scratch throughout most of the season.
Also on Tuesday, former Lightning assistant coach Adam Oates, who spent last season with Tampa Bay, was hired as an assistant with the New Jersey Devils to join new Devils' head coach John MacLean.
Oates came to training camp last season as a favor for former head coach Rick Tocchet, but earned a one-year contract to join the staff, his first season as a coach at any level. His contract was not extended after Tampa Bay hired new coach Guy Boucher, who replaced Rick Tocchet.
"Throughout his career, Adam was without question one of the top playmaking centers, particularly on the power play, and was considered one of the top face-off players in the game," said New Jersey president and general manager Lou Lamoriello in a statement. "These attributes bring a different dimension to our coaching staff and both John and I are delighted that Adam is joining our organization."