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Islanders put goalie DiPietro on waivers

Feb 22, 2013, 11:44 AM EDT

Rick DiPietro Getty Images

The New York Islanders will be placing oft-injured goalie Rick DiPietro on waivers at noon today (update: it’s done), reports Newsday’s Arthur Staple.

Once DiPietro clears (and you can bet he’ll clear), the 31-year-old will be assigned to AHL Bridgeport, with goalie Kevin Poulin reportedly getting the call to the NHL.

DiPietro is 0-3-0 with a 4.10 goals-against average and .855 save percentage. The 31-year-old former first overall draft pick has a contract that runs through 2020-21 with an annual salary (and cap hit) of $4.5 million.

With DiPietro in the minors, and after acquiring Tim Thomas‘s contract from Boston, the Isles will have $8.6 million* in cap space committed to two goalies that aren’t playing for the team.

When asked by ESPN.com about the club’s plans for DiPietro, general manager Garth Snow refused to “speculate what the future may hold.”

But an NHL team executive told ESPN.com’s Pierre LeBrun: “You would think they will buy him out after this season. If they do, they might not use the (new CBA) transition buyout so that his buyout counts against the floor going forward.”

According to CapGeek, a DiPietro buyout (non-transition version) would result in an annual $1.5 million cap hit through 2028-29.

*DiPietro’s $4.5 million minus $900,000 (per new CBA) plus Thomas’s $5 million.

  1. jaredphi - Feb 22, 2013 at 11:48 AM

    Smart move by the Islanders.

    What would be even smarter would be to buy this guy out with one of those amnesty buyouts each team has.

    He is easily the biggest draft bust since 2000.

    • 950003cups - Feb 22, 2013 at 12:04 PM

      Islanders could’ve bought out his contract many times. The amnesty thing just keeps it off your Cap Hit. Islanders have no Cap issues. In fact they need players so they can get to the cap floor.

      I wouldn’t call DiPietro the “biggest draft bust since 2000″ or a bust at all. It was more of a “worst contract signings of Milbury”

      But after watching him play, he outright sucks as a goalie. I was rooting for him to come back and make big saves because those poor Islander fans waited patiently for this guy to finally get going. DiPietro as of today, can not even be a viable back up goalie..

      So by waiving DP, does that mean Tim Thomas has spoke to them and gave them some sunshine to dwell upon?

      • bcisleman - Feb 22, 2013 at 12:12 PM

        Milbury had nothing to do with The Contract—except in the megative sense. The Contract was Wang’s ill-considered gesture to show fans that the Milbury Reign of Error–trading away the best talent–was over. Milbury was already on his way out when Wang made the decision in 2005 and was gone for good when The Contract was actually signed a year later. Bettman made Wang wait a year in hopes he’d reconsider.

        I suspect that the acquisition of Thomas was just to ensure that the Isles would remain above the cap floor if players like Visnovsky, Boyes and Nabokov are moved before the end of the season. But who knows what Tim will do? If the Isles start to get back in the hunt, he might just give Garth a call.

      • killerpgh - Feb 22, 2013 at 12:14 PM

        Didn’t Snow signed him to that contract?

      • 950003cups - Feb 22, 2013 at 1:32 PM

        I also had no idea it was Snow. Milbury gets all the negative credit for it. But now that I look it up, it shows the deal being signed Sept 13, 2006. Snow started with the Islanders in July of that summer.. So, yeah, I guess Milbury didn’t sign it. You’re right dude.

    • davebabychreturns - Feb 22, 2013 at 12:19 PM

      I don’t know that DiPietro could be called a draft bust, he was a very good goaltender when he was healthy.

      How do you blame a medical chart as long as my arm on scouting?

      • islesjb - Feb 22, 2013 at 12:30 PM

        killerpgh- The contract was all Wang and Snow was just coming in as GM when it was on the table. I think he might have technically been GM when it was signed, but when he was being hired it was already understood that Wang had put that offer on the table. Nothing he could do about it.

      • 950003cups - Feb 22, 2013 at 1:38 PM

        davebabychreturns is right. DiPietro was going to the first team in that draft who needed a goaltender. Fleury went first over all, and in my opinion, he isn’t THAT much better than DiPietro was coming in to their respective drafts. The teams each played on are obviously the difference maker.

        DP was highly touted as the next big thing.

      • colonelfancy - Feb 22, 2013 at 1:54 PM

        Agreed. Staying healthy and talent are two different issues. Grant Hill and Penny Hardaway would be considered busts by that standard. Ricky was a Vezina candidate but he blew out his hip during the 2008 All-Star Weekend skills challenge. he never recovered from that and it has been down hill since.

    • elvispocomo - Feb 22, 2013 at 1:23 PM

      As cups mentioned, the Isles don’t care ass much about the cap hit as they do about the money spent, so a buyout – amnesty or not – is extremely unlikely since they probably can’t afford it (relatively speaking). It’s true enough they’ll still be paying him and still have his cap hit if/when he clears and is sent to the minors, but you can bet they’re hoping someone takes a flyer (not specifically the Flyers) on him.

      • 3yardsandacloud - Feb 22, 2013 at 1:52 PM

        Have to watch if they call him back up. Someone might take a flyer on him for 1/2 his salary. Although with that albatross of a contract, it seems unlikely. You would think ownership would want him off the books if he isn’t going to be on the team. Like others said, they plan to move some other guys so they need his contract for the floor.

        Althought, I thought AHL player’s werent charged against the cap…

      • elvispocomo - Feb 22, 2013 at 1:54 PM

        There are no more re-entry waivers under the new CBA, so no more “taking half the cap hit if he’s claimed when you try and bring a player back up.” The Isles would havee a free pass to bring him back to the club if he cleared but they still want him around as a backup.

      • elvispocomo - Feb 22, 2013 at 2:15 PM

        Missed the part about AHL’ers not charged against the cap, that’s also a part of the new CBA. Any player making over $900K at the AHL level will have the portion that exceeds $900K (hence Brough’s note about the $4.5M-$900K) count against the NHL team’s cap.

      • 3yardsandacloud - Feb 22, 2013 at 8:02 PM

        Well then…

        Thanks for the clarification. My mistake. Damn CBA changes

  2. islesjb - Feb 22, 2013 at 11:58 AM

    It’s about time. Need to find out whether or not Poulin can carry the load in the future for this organization.

    Now cue the, “Report: DiPietro injured getting the morning paper” jokes, which are terribly played out at this point an no longer clever.

    For all the crap DP gets, I really feel for him. No one wanted to live up to that massive contract more than him but his body, not his character, prevented him from doing so. He’s a great team guy and always kept a positive attitude despite all of the injury frustration and anguish.

    I hope he can find his game and come back to form in the AHL, but based off what I’ve seen, his body just prevents him from moving like he used to.

    • ballistictrajectory - Feb 22, 2013 at 12:15 PM

      See below

      • islesjb - Feb 22, 2013 at 12:34 PM

        yup- new there would be at least one

  3. ballistictrajectory - Feb 22, 2013 at 12:14 PM

    DiPietro suffered a season ending injury when he received the news.

    • bettmanblows - Feb 22, 2013 at 12:44 PM

      Hahahahaha!

  4. furkmyster - Feb 22, 2013 at 12:14 PM

    Thanks for the memories Rick. Now do the honourable thing and retire rather than going to Bridgeport. You are not capable of playing goalie in a beer league anymore, don’t embarrass yourself anymore.

    • davebabychreturns - Feb 22, 2013 at 12:22 PM

      Islanders fans had better hope Dipietro is as non-materialistic as he looks in his team picture this year, because no sane person would leave $30m on the table because they were too proud to play minor pro hockey.

      • islesjb - Feb 22, 2013 at 12:34 PM

        I don’t think it’s even about the money for Rick at this point. If you hear him speak, it’s almost as if he has absolutely no doubts that he can come back and play at an elite level. Ricky isn’t going to retire, not because he wants to keep cashing the checks, but because he still sees his comeback as inevitable.

        I respect it, but just don’t think it’s in the cards at this point. Wouldn’t mind seeing him hired to a position within the organization once he does finally decide to hang ‘em up.

      • davebabychreturns - Feb 22, 2013 at 12:39 PM

        Yeah I don’t know enough to say what it is really about for DiPietro.

        My point is simply that you can’t expect a guy to hang it up and pass on tens of millions of dollars.. he signed that deal for the security so it’s tough to imagine him passing it up now that he actually needs it – and that’s the kind of money that can not just set you up for life, but your kids and theirs too.

      • islesjb - Feb 22, 2013 at 12:43 PM

        Yea I definitely get what you’re saying. The possibility of a comeback in conjunction with the financial security make it extremely unlikely that RDP will ever walk away.

  5. bigtganks - Feb 22, 2013 at 12:42 PM

    Isles trade for Luongo and then only because of that, Tim Thomas decides to show up and play just to mess with Lu. Now THAT would be a goalie controversy!!!!

    • killerpgh - Feb 22, 2013 at 12:57 PM

      Maybe they could pump each other’s tires.

    • tuberippin - Feb 22, 2013 at 10:31 PM

      Apparently we’re now big on signing old goalies. Nabokov, Timmy T….I’m expecting them to call up The Dominator pretty soon at this rate

  6. kaptaanamerica - Feb 22, 2013 at 1:32 PM

    Luongo belongs in long island.

  7. lsxphotog - Feb 22, 2013 at 1:53 PM

    There isn’t a lot of good moves being made in this franchise to solve all their problems. DiPietro was never a stellar performer. People want to say he was when he wasn’t prone to injury, and it’s simply not true. Three actual seasons as a starter and he put up average starting goaltender numbers. He stood out for a year in there…but come on. This has been a bone-head contract since day one. Nothing against Rick at all, it’s just a failure by one of the poorest run franchises in the NHL.

    A lot of these rule changes were to control the owners and GMs because some of them need to be protected from themselves.

    • zetaone - Feb 22, 2013 at 2:17 PM

      Also remember the contracts given out the Miro Satan and Yashin? Lol…

      I remember a few months ago when a Dipietro article was out, I said how he was the biggest 1st overall pick/bust in the past 20 years and got downvoted like crazy and people were commenting saying he was a great goalie and blamed it on his “injuries”. Yeah right.

      • lsxphotog - Feb 22, 2013 at 3:07 PM

        Without the injuries, he’s average. With the injuries, he’s the biggest running joke in the NHL. People will defend away!

      • killerpgh - Feb 22, 2013 at 3:22 PM

        You think he is a bigger bust than Patrik Stefan?

      • sabatimus - Feb 22, 2013 at 5:04 PM

        He’s the biggest running joke behind Gary Bettman. I was going to include Sean Avery but he’s retired now.

      • lsxphotog - Feb 22, 2013 at 5:34 PM

        Stefan wasn’t a bust. Stefan was overrated since day one. The IHL isn’t a good measuring tool for NHL-readiness and to draft first overall from that pool was just a dumb move.

  8. katolungile - Feb 22, 2013 at 2:23 PM

    Bring back Eric Fichaud! Now there was a great Milbury acquisition.

  9. giantboy99 - Feb 22, 2013 at 2:47 PM

    Crazy that we dumped Luongo for this guy.

  10. godsmacked1 - Feb 22, 2013 at 4:14 PM

    His time on the Island is (thankfully) over. Give him a year to get himself right and play everyday. He’ll be back in the big leagues soon, maybe not this year, and will be a serviceable back-up somewhere else.

  11. drewsylvania - Feb 22, 2013 at 5:03 PM

    Contract the Isles.

  12. pwilson264 - Feb 24, 2013 at 11:01 AM

    giving any player a 15yr contract in the first place wasn’t the smartest move. he could of been a great goalie, if not for all his injuries. let’s make a deal.

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