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Canucks put Ballard on regular waivers

Jul 1, 2013, 12:43 PM EDT

Keith Ballard

The Vancouver Canucks freed up some cap space by trading away goaltender Cory Schneider, but they are still close to the cap ceiling. With that likely in mind, the Canucks placed Keith Ballard on regular waivers, according to TSN’s Bob McKenzie.

The fact that he’s not on $100 unconditional waivers is an important distinction because he needs to clear unconditional waivers before he can be bought out.

Ballard has two seasons remaining on his six-year, $25,200,000 contract. At his height, Ballard could surpass the 30-point milestone, but the 30-year-old defenseman recorded just 16 points in 148 games over the last three seasons. He also went from averaging over 20 minutes per game with the Florida Panthers to under 16 minutes in Vancouver.

His agent Ben Hankinson, recently suggested that his buying out his client would allow Ballard to start fresh.

“My guess is they are going to push the trade front as hard as they can, probably up to the (June 30) draft, and see where that takes them,” Hankinson said at the time.

  1. bcisleman - Jul 1, 2013 at 12:46 PM

    Last desperate attempt to avoid a buyout. Doubt it works.

    • timmeh022 - Jul 1, 2013 at 12:53 PM

      Feaster will claim him.

  2. stcrowe - Jul 1, 2013 at 12:49 PM

    That is a shame. I was looking forward to Tortorella’s comments about Ballard on a regular basis.

    • lostpuppysyndrome - Jul 1, 2013 at 1:08 PM

      Oh, you’ll have no shortage of comments in that circus.

  3. tmoore4075 - Jul 1, 2013 at 12:50 PM

    So wouldn’t buy out Lou and won’t buy out Ballard either huh? Good luck Vancouver.

    • loinstache - Jul 1, 2013 at 1:44 PM

      Why would you buy out Ballard before trying waivers? Seriously, one reason.

      • tmoore4075 - Jul 1, 2013 at 2:11 PM

        Because why waste 24 hours. You’d have to be stupid to think someone would take on two years left at 4.2mil per for a guy who has averaged .3 points a game the last 3 seasons. But again this is the same guy who misread the market for Lou pretty badly so not surprised.

      • esracerx46 - Jul 1, 2013 at 2:17 PM

        Would the Canucks have to retain part of the salary if he is claimed….or is that just on reentry waivers?

    • timmeh022 - Jul 1, 2013 at 2:41 PM

      @esracer with this being normal waivers, they wouldn’t have to retain any portion of his salary, if they work it out in a trade however, they made need to.

  4. hosewater2 - Jul 1, 2013 at 3:37 PM

    Smart move, always a chance another GM sees value. The “why waste 24 hours” argument applies only to the people who camp out on this site trying to figure out a way to auto-refresh.

    • ray2013 - Jul 1, 2013 at 4:19 PM

      I’m sure he has some value in a 5-6-7 slot, but if I was potentially interested, then wouldn’t it make more sense to wait until Vancouver buys him out? Then I could sign him closer to a salary that makes sense for a dman in the 5-6-7 slot.

  5. hosewater2 - Jul 1, 2013 at 5:29 PM

    If you know for certain they will buy him out then yes. But we don’t know that and there’s 29 other teams that can make a claim.

  6. hosewater2 - Jul 1, 2013 at 5:56 PM

    …unless of course you go on the radio just now and admit you’re buying him out if he’s not claimed.

  7. yvrmike - Jul 1, 2013 at 8:11 PM

    Exactly right hosewater2 If a manager is looking for a decent defenseman why would he not pick him up now. If he waits for the buy out to happen than he has to compete for him with all the other teams that are looking for a Dman.

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