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Antti Niemi clears waivers, Stars buy out his contract

Goaltender Antti Niemi cleared waivers this morning, and the Dallas Stars then executed their buyout of the final year of Niemi’s $4.5 million contract. The buyout is for two-thirds of the contract, which will cost the Stars $3 million and will be paid out over the next two seasons. The Stars will take a $1.5 million cap out in each of those seasons.

Here’s the release from the Stars:

Dallas Stars General Manager Jim Nill announced today the club has bought out the final year of goaltender Antti Niemi’s contract. Niemi had one year remaining at $4.5-million on his three-year contract with Dallas. As per the terms of a buyout, two-thirds of his salary will be spread out over the next two seasons with an annual salary cap hit of $1.5-million per year.

Niemi, 33, posted a 12-12-4 record with a 3.30 goals against average and an .892 save percentage for the Stars in 2016-17. Over two seasons with Dallas, he recorded a record of 37-25-11 with a 2.92 goals against average, a .900 save percentage and three shutouts.