NEW YORK (AP) -The New York Islanders said they will buy out the four years remaining on captain Alexei Yashin's 10-year contract.
``This decision was one of the hardest I have ever had to make'' Islanders' owner Charles Wang said in a statement on the team's Web site Wednesday. ``The organization holds Alexei in the highest regard - as a player, as a teammate and as a person. He was part of the revival of the franchise at a time when we had not qualified for the playoffs for eight seasons.''
Yashin was traded to the Islanders by the Ottawa Senators after the 2000-01 season. The Islanders later signed the Russian to a 10-year deal worth $87.5 million. He had 119 goals and 171 assists for 290 points in 346 games, but struggled the last two seasons.
``The Islanders have treated me with the utmost respect,'' Yashin said on the Islanders' Web site. ``I've always believed in the vision Charles Wang has for the organization and although I won't be a part of it, I believe that the team is headed in the right direction. I'm looking forward to this new chapter in my life.''
Yashin missed 24 games this season with a sprained right knee. He was scoreless in the Islanders' 4-1 first-round playoff loss to the Buffalo Sabres.
Advertisement

Top NHL Public Bets

NHL Top Stories

Thumbnail Detroit hopes to hold off surging Pittsburgh So far this season, nothing has been easy for the Red Wings. Add tonight’s matchup against the explosive Penguins to the list.
Thumbnail Caps trying to regain footing out East   Washington didn’t exactly end the month of November on a stirring note. But can the reigning Presidents’ Trophy winner return to form against the Islanders?
Thumbnail Luongo attempts to give Florida a jolt A new era of Panthers hockey begins tonight. But can the Blackhawks stand tall and deliver yet another stellar performance at the...
Thumbnail Lack of scoring punch hurting Ruff's crew Two of the Western Conference’s most dangerous clubs square off tonight in the Gateway City. Will the Blues or Stars come out on top?
Thumbnail Stellar goaltending powers Calgary's success When Johnny Gaudreau went down with a broken finger two weeks ago, all seemed for the Flames. Now, though, they’ve morphed into one of the Western...
More inNHL Articles  
Advertisement

NHL Team Pages