TAMPA, Fla. (AP) - The Tampa Bay Lightning are buying out the contract of center Vincent Lecavalier, a move that will create salary cap space and make one of the stars of the franchise's only Stanley Cup champion a free agent next month.
Lecavalier was the top pick in the 1998 NHL draft and helped Tampa Bay to the NHL title in 2004. He is Tampa Bay's career leader in goals and games played.
The four-time All-Star spent 14 seasons with the Lightning and was team captain for much of that time.
General manager Steve Yzerman said Thursday that using a compliance buyout allowed by the NHL's collective bargaining agreement will provide financial flexibility necessary to improve the Lightning roster for the long term.
The buyout will cost more than $32 million over 14 years.

Top NHL Public Bets

NHL Top Stories

Thumbnail East barn-burner on tap in nation's capital Connor McDavid has already accomplished a great deal during his brief career. But can the 20-year-old wunderkind power Edmonton past the league-leading...
Thumbnail New York still has work to do down the stretch The Rangers’ recent power-play drought is well-documented. Nonetheless, special teams issues certainly haven’t curtailed New York’s charge up the...
Thumbnail Gibson and Co. in need of bounce-back effort Fans and pundits alike raised their eyebrows when the Bruins relieved coach Claude Julien of his duties on Feb. 7. Now, though, any and all apprehension...
Thumbnail Stastny should give Note a jolt Over the weekend, St. Louis suffered an expected loss to one of the Eastern Conference’s bottom-feeders. Will Mike Yeo’s bunch regain its groove against the markedly...
Thumbnail Red-hot Florida faces off with Los Angeles Buoyed by the return of two key forwards, the Panthers have reeled off three consecutive victories. Can Los Angeles put an end to...

NHL Team Pages