The Flyers on Thursday confirmed that they will be using one of their two compliance buyouts on veteran forward Danny Briere.
“I met with Danny last week and informed him of our decision to use a compliance buyout on his contract," general manager Paul Holmgren said in a statement. "This was a very difficult decision for us to make as Danny has been a very good player for us over the past six years.
"Danny came to our organization as a free agent in July of 2007 and has been a tremendous player, person and role model in all aspects and for that we thank him. We wish him continued success and best wishes in any future endeavors.”
CSNPhilly.com's Tim Panaccio reported Tuesday night, according to sources, that Briere had already been informed of the team's decision.
The move cannot be made official until 48 hours after the completion of the Stanley Cup Final. Briere's $6.5 million cap hit, the highest on the team, will then come off the Flyers' books. He had two years remaining on the eight-year, $52 million contract he signed back in 2007.
As is dictated by the NHL's new Collective Bargaining Agreement, the Flyers will pay Briere 2/3 of his remaining salary (this is different from his actual cap hit), approximately $3.33 million.
Briere came to the Flyers as a free agent during a busy offseason in '07, when the team when was re-making its roster following a miserable 2006-07 campaign. He spent the next six seasons with the club and enjoyed some of his greatest successes in the playoffs. The 30 points he scored during the Stanley Cup run of 2010 remain a franchise record.
The 35-year-old's production decreased last season, however, when he scored just six goals and registered only 10 assists in 34 games.
"The last six years have been amazing," Briere said. "I think the message [I wish to send] is a huge thank you to the organization, the fans and all the teammates I've had over the years. Without them, I wouldn't be where I am here today. I'm very grateful for that. Thanks to everyone that had a hand in my career so far."