By Anthony Caruso III | Publisher
The Los Angeles Kong’s have bought out the contract of veteran defenseman Dion Phaneuf on Saturday. He had two years remaining on his deal.
He signed a seven-year, $49 million deal with the Toronto Maple Leafs in 2014.
The Kings released Phaneuf on the first day of the buyout window.
Phaneuf was scheduled to make $6.5 million, including an incentive, in 2019-20. He was also scheduled to make $5.5 million in 2020-21.
He was scheduled to make just $3 million as a base salary in 2020-21. He was scheduled to make another $2.5 million in an incentive.
With Phaneuf’s contract bought out, he is free to sign with any team if he wishes to continue to play.
He was acquired on February 14, 2018 in a trade with the Ottawa Senators. In exchange for Phaneuf and Nate Thompson, the Senators acquired Nick Shore and Marián Gáborík.
The 34-year-old Edmonton, Alberta, Canada native was the ninth overall pick in the 2003 NHL Draft. Besides the Kings, he also played for the Toronto Maple Leafs, Calgary Flames, and the Senators.
He has played in the NHL for 14-years. He has 137 goals and 357 assists for 494 points in 1,048 games.
Phaneuf has -57 +/- and 1,345 PIM.