Capitals buy out Jeff Schultz

July 3, 2013

(John McDonnell/The Washington Post)

Defenseman Jeff Schultz cleared waivers, allowing the Capitals to buy him out Wednesday afternoon. Washington will owe him $1 million each of the next two years under the terms of the compliance buyout, which will not count against the salary cap.

The Capitals have one compliance buyout remaining. They aren’t expected to use it before the current window closes at 5 p.m. Thursday but will have an opportunity to do so again next offseason.

With the move to buy out Schultz and the re-signing of Tomas Kundratek Tuesday, the Capitals now have just over $8.4 million in room under the $64.3 million salary cap much of which will go to re-signing restricted free agents Karl Alzner and Marcus Johansson.

Here’s more on the Schultz buyout and why this became an inevitable course for the Capitals.

>> In an unrelated note, the Capitals’ first-round draft pick in last weekend’s 2013 draft, Andre Burakovsky, was selected Wednesday in the Canadian Hockey League import draft. Burakovsky, 18, was selected fifth overall by the OHL’s Erie Otters, but it’s unclear whether the young winger will opt to leave Sweden.

At the draft, General Manager George McPhee and Ross Mahoney, the team’s director of amateur scouting, said they would be supportive of either route for Burakovsky. Playing in the CHL would allow him to adapt to the North American game and ice size and face his peers, while in Sweden Burakovsky would be able to continue progressing through the men’s leagues.

“If he ever wanted to [play in the CHL], sure we’d support him,” McPhee said at the draft. “We’d understand if he wants to spend a year over there and come over, two years he’s going to take some time to develop. We’re going to take our time and do it right, but the end product could be pretty good.”

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Katie Carrera | July 3, 2013