Ottawa Senators set to buyout Bobby Ryan

Anthony Scultore |

Sep 25, 2020

The Ottawa Senators appear to be the first team that will use a buyout. Per Darren Dreger, Bobby Ryan is expected to be put on waivers for the purpose of a buyout.

Ottawa Senators buyout Bobby Ryan

In a bit of a surprising move, especially with the Senators around $20 million from the cap floor, they are going to buyout Bobby Ryan.

The 33 year-old winger old played in 24 games this season and notched 8 points. He is being bought out of the final two years of his contract.

Bobby Ryan's contract has $15M in earnings remaining: -$4M in signing bonuses
-$11M in salary

While signing bonuses are not affected by buyouts, his salary is reduced by a third

The result is the #Senators save $3.67M https://t.co/nfGxsCTCYe
— CapFriendly (@CapFriendly) September 25, 2020

Bobby Ryan’s comeback

Bobby Ryan battled back from his bout with alcoholism and won the Masterton Trophy for perseverance and dedication to hockey. In his acceptance speech he thanked the organization for helping him comeback and he hoped to continue his career there. Unfortunately, that will not happen.

Hall of Famer Pat LaFontaine speaks with Bobby Ryan on winning this year's Bill Masterton Memorial Trophy. #NHLAwards pic.twitter.com/HnfEPlWKrt
— NHL (@NHL) September 8, 2020

Read our list of Top 10 Buyout and Trade Candidates here.