The Boston Bruins tried to trade defenseman Mike Reilly last season and they couldn't find any takers. On Friday, they parted ways with Reilly using a different method: A buyout.
The B's had until noon ET on Friday to put Reilly on waivers for the purposes of a buyout. This move will create $2.66 million in much-needed salary cap space for the Bruins. However, this buyout also will force Boston to have $1.33 million in dead cap space for the 2024-25 season. That's not a huge deal, though, as the salary cap is expected to rise quite a bit for the 2024-25 campaign.
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Reilly signed a three-year, $9 million deal with the Bruins in the summer of 2021.
Here's the cap hit breakdown for Reilly's contract over the next two seasons after being bought out.
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- 2023-24: $333,334
- 2024-25: $1,333,334
This buyout brings the Bruins' cap space number to around $13.6 million. They have nine more roster spots to fill.
The Bruins also issued qualifying offers to nine players by Friday's deadline.
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NHL free agency begins at noon ET on Saturday.
