Senators place former first round pick on unconditional waivers

According to Frank Seravalli of DailyFaceoff, the Ottawa Senators have placed 2015 first round pick Colin White on unconditional waivers for the purpose of a contract buyout.

White, 25, has not panned out as the Senators had hoped he would have after selecting him with the 21st overall pick in 2015. In 225 career games with Ottawa, the Boston native tallied 98 points (36 goals, 62 assists), 91 penalty minutes and was a minus-52.

He had three years remaining on his contract with a cap hit of $4.75 million per year. Because White is only 25, the Ottawa Senators will save $10.5 million in real cash and will have a cap charge of less than $900,000 for five of the six years of the buyout, with one year as a cap credit.

Given that White is still relatively young, he should garner a fair amount of interest when free agency opens on Wednesday, July 13th. One team that may be interested is the Montreal Canadiens. General Manager Kent Hughes was White's agent before accepting the job with the Canadiens and leading up to the deadline, Montreal looked at acquiring White.

#Sens have placed Colin White on unconditional waivers for purposes of a buyout. They will save $10.5 million in real cash because White is only 25.

Cap charge is less than $900,000 for five of next six years with one season as a cap credit, per @CapFriendly.— Frank Seravalli (@frank_seravalli) July 5, 2022