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Panthers put Jovanovski on waivers to buy him out

Jun 29, 2014, 12:43 PM EDT

Ed Jovanovski Getty Images

Ed Jovanovski‘s time with the Florida Panthers is at an end.

George Richards of the Miami Herald reports the team has put Jovanovski, 38, on waivers for the purpose of buying him out. He has one year left on his contract worth $4.125 million against the cap.

Richards adds the team will likely use a compliance buyout so as to not have his cap hit against their payroll. The Panthers have two compliance buyouts to use.

Jovanovski’s history with the Panthers is long. He was the franchise’s No. 1 overall pick in 1994 and in his rookie season helped lead the Panthers to the Stanley Cup Final against the Colorado Avalanche. He played two different stints with the team over six-and-a-half seasons of his 18 NHL seasons.

At his age and after the production he had last season, you have to wonder if this might be it for “Jovocop.” After spending time in Vancouver and Phoenix as well as Florida, he’s seen a lot of action and had a miraculous comeback from a hip injury that nearly ended his career.

  1. lowenni - Jun 29, 2014 at 12:59 PM

    That’s tough. Sad ending to his Panthers career for the captain. He started his career there and miraculously came back this season and was named captain, he was a good mentor for the kids there. That contract was huge though and from the few games I saw him in he occasionally just looked slow and lost. Best of luck to him, but it may be time to call it a career. It’ll be hard for him to find a new team unless he takes a real small contract.

    • oquintero99 - Jun 29, 2014 at 1:11 PM

      Yeah. I agree. But it is easier to accept a smaller contract with Jovanoski receiving his buyout money. I wonder if Jovo would play for the Pens and be a mentor to their young defense corps they have.

      • handsofsweed - Jun 29, 2014 at 6:15 PM

        I was just thinking that. Maybe he is the Billy Guerin-ish guy that they’ve clearly needed for a few years now.

  2. letsgolightning - Jun 29, 2014 at 1:16 PM

    Florida has $15 mil left to get to the cap floor. Why not use a regular buyout if they’re losing so much money?

    • phillyphanatic77 - Jun 29, 2014 at 2:05 PM

      Because soon enough they’ll take Lecavalier off our hands (crossing fingers, praying to God, Buddha, Allah, anyone else).

    • mustbechris - Jun 29, 2014 at 2:08 PM

      Because they’re not losing money, they’re actually turning regular profits because of their residential and entertainment opportunities. They’re just crying poor.because corporate welfare blackmail with the threat of relocation is the cool thing to do these days.

      I know you know all of this, I just enjoy complaining about it when presented with the chance.

  3. 19to77 - Jun 29, 2014 at 3:01 PM

    He’ll get several cheap one-year options but honestly I wouldn’t be surprised if he just retired. Won’t be looking at high contract value or a major role so the incentive wouldn’t exactly be huge. Still, if he wants to keep playing, there will definitely be a couple of open doors.

  4. stcrowe - Jun 29, 2014 at 3:52 PM

    Let that be a lesson to Aaron Ekblad. This could be his fate in 2034.

  5. mistercue62 - Jul 1, 2014 at 12:35 AM

    Yeah, hard to disagree with the sentiments posted here. Let’s not forget, however, just how sensational a player that he once was and just how devestatingly severe an injury he managed to miraculously recover from. While it may be a bit of a reach, I’m not entirely convinced that the Jovo we saw pitifully coasting around the ice on many nights last season was the last incarnation that we’ll see; I just have this strange feeling that (much like Teemu Selanne back in 2002) GM’s may well be writing Jovo off a bit prematurely. Remember how long Selanne sat on the market that summer before the Kings finally took a (widely criticized) chance on him? Fans, the media & most team executives had written him off as “too old” & respectfully saying thibgs like “he’s had a great career, but it’s high time he retired with his pride intact” and “he’s already lost a step”. Some of the ridiculous comments that the colossal buffoon, John Feurgeson, Jr. made in reference to Selanne’s declining capabilities made me think that if this colossal idiot thinks Selanne’s had it, then he must have a lot left in the tank! Sure enough, Fergie (who could have had him for a song at that point) was as usual, totally wrong & Selanne went on to completely embarass his naysayers for another 12 incredible years.

    I’m not saying, necessarily, that Jovo will do what Selanne did, however, if some team decides to take a flyer on him (the Leafs perhaps?), they just might be getting a very good & likely motivated to prove himself, offensive d-man for a discount; either way, they’ll be picking up an extremely valuable leader & mentor to the team’s young defensemen.

    If I were Nonisx I’d seriously consider signing him; he might as well as he hasn’t done much, if anything else!

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