Kings plan to buy out final year of Matt Greene’s contract
The Kings activated defenseman Matt Greene from injured reserve with the intention of buying him out of the final season of his four-season contract, knocking his salary-cap hit down to $833,333 from $2.5 million for next season, according to the website capfriendly.com.
The Kings reported the news on their website Tuesday.
Greene played only 26 games last season, scoring one goal and two points, because of a back injury. A shoulder injury sidelined him for all but three games in 2015-16. He signed a four-season, $10 million contract after the Kings won their second Stanley Cup title in three seasons in 2014.