Found June 30, 2012 on
from TSN, The Toronto Maple Leafs have parted ways with forward Colby Armstrong.
The team decided to buy out the final year of his contract, worth $3 million. He will be placed on unconditional waivers at noon et today.
The buyout will count for $1 million towards the team’s salary cap over the next two seasons. The move frees up an additional $2 million for the team heading into free agency July 1, giving them $14.8 million in available cap space.
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Colby Armstrong is joining the Montreal Canadiens after the Toronto Maple Leafs bought out the final year of his contract.
The veteran forward signed a $1 million, one-year deal with the Habs on Sunday.
Armstrong's two seasons in Toronto were hampered by injuries. The 29-year-old appeared in just 29 games last season, scoring one goal and three points.
Armstrong has a past...
Not a big signing by any stretch of the imagination but Montreal needs some sort of scoring somewhere and Armstrong is a cheap option for them. Colby is intent on proving that he can still be a factor in the NHL but at this point any chance of that is slim. Another low risk, somewhat [...]
Per various reports on Twitter, the Leafs are preparing to move forward without winger Colby Armstrong.
According to Sportsnet.ca, the Wings made their first free agent signing of the offseason by tabbing goaltender Jonas Gustavsson to a two year deal worth $3 million dollars ($1.5 million annually).
Last season, the “Monster” as he is commonly known as appeared in 42 games for the Leafs going 17-17 with a 4 OT loses and 4 shootout loses. He also compiled a .902 save percentage...
The Toronto Maple Leafs signed center Jay McClement to a two-year contract Sunday. The team also announced the signing of minor-league defenseman Mike Kostka to a one-year deal. McClement, a second-round draft pick by the St. Louis Blues in 2001, comes to the Leafs from the Colorado Avalanche, where he played the past two seasons. His contract is worth $3 million over the next...
Toronto Maple Leafs GM Brian Burke once said that July 1, the first day of free agency, is one of the two days in the season that managers across the league lose their minds (the trade deadline being the other day). That that is generally true, in that managers often overpay for players that they think will turn their team into the one that will beat the 3.3 percent odds of winning...
If you are expecting big moves from the Toronto Maple Leafs when the clock strikes 12 today, prepare yourself for disappointment.
GM Brian Burke stated earlier in the week that his club would not be big players in free agency and with the prices expected for a pool of players that doesn't exactly inspire awe, that is probably a good thing.
Toronto has a little over ...
Per Sportsnet’s Mark Spector:
Our @maydayhockey says G Jonas Gustavsson has signed with Detroit.
Sportsnet is reporting 2 years, $1.5 million per season.
Update: the Windsor Star’s Bob Duff confirms.
Former Leafs G Jonas Gustavsson signs 2 year deal with #redwings.
Pretty thrifty moves by Marc Bergevin and co. on the opening day of unrestricted free agency. Happy Canada day, by the way.
Happy pay-day to Brandon Prust, who squeezed a 4-year, $10, 000,000-deal out of a team that desperately needed a player like him. Canadiens fans should be happy with this one.
Snagging Colby Armstrong for one year, at $1, 000, 000... Who's going to...