Flames make buyout of defenceman Michael Stone official - Sportsnet.ca

CALGARY – The Calgary Flames have agreed to buy out Michael Stone‘s contract after the defenceman clears waivers.

Stone, 29, had a US$3.5 million cap hit in 2019-20, the final year of a three-year deal.

The Flames buyout of Michael Stone this morning still leaves GM Brad Treliving w some significant cost cutting to do, as $7.7 million in cap space won’t get Matthew Tkachuk signed, let alone Mangiapane. The GM isn’t worried though, reminding us he still has plenty of summer left.

— Eric Francis (@EricFrancis) August 2, 2019

According to CapFriendly.com, the Flames’ cap hit will now be US$1.667 million each year for the next two seasons.

The Winnipeg native was limited to 14 games last season. He had no goals and five assists.

For his career, Stone has 29 goals, 88 assists and 117 points in 439 games with the Flames and Arizona Coyotes.

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August 03, 2019 at 12:53AM