The New York Rangers will buy out veteran forward Chris Drury today for $3.3-million, according to a report in the New York Post.
Drury, who was troubled by injuries for much of last season, will become an unrestricted free agent and free to sign elsewhere, perhaps with the Buffalo Sabres, the Post suggested.
The move also frees much-needed cap space for the Rangers, who are likely to make a concerted effort at signing this summer's marquee free agent, Brad Richards.
Drury had a no-move clause in his contract and chose to not to go on unconditional waivers prior to being bough out. He issued a statement via email to the Post that read:
"It was a great honour and privilege to be a New York Ranger for the past four years, and I will always be grateful for the opportunity to fulfill that childhood dream. The Rangers are a first-class organization with great people in the hockey, public relations, team services and community relations departments.
"I would also like to thank Ranger fans. They always inspired me to do the best I could in whatever role I was asked to play. Playing before them in the Garden was a thrill of a lifetime. I wish all the fans and the entire Ranger organization the best of luck in the future."
Drury, 34, was the Rangers' captain the past three seasons.