Canucks waive forward Jake Virtanen for purposes of buyout

The inevitable has finally taken place in Vancouver. The Canucks placed forward Jake Virtanen on unconditional waivers Sunday for the purposes of a buyout.

Virtanen, 24, registered five goals and zero assists in 38 games in 2020-21, his sixth season with the Canucks.

The 2014 first-round pick (sixth overall) has 100 points (55 goals, 45 assists) and 219 penalty minutes in 317 games.

Virtanen signed a two-year, $5.1 million contract last October. The British Columbia native is subject to a one-third buyout because he is under 26.

According to Cap Friendly, the buyout will cost the Canucks a $50,000 cap hit in 2021-22 — a $2.5 million savings — and a $500,000 cap hit in 2022-23.

–Field Level Media