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Panthers put Jovanovski on waivers to buy him out

Totonto Maple Leafs v Florida Panthers

SUNRISE, FL - APRIL 10: Ed Jovanovski #55 of the Florida Panthers prepares for a face-off against the Toronto Maple Leafs at the BB&T Center on April 10, 2014 in Sunrise, Florida. The Panthers defeated the Maple Leafs 4-2. (Photo by Joel Auerbach/Getty Images)

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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.

Follow @JoeYerdonPHT