go to MSN.com
Found July 01, 2013 on NESN.com:

Via NESN:

The New York Islanders have finally put Rick DiPietro out of his misery.

The veteran goaltender, whose 15-year, $67.5 million contract will go down as one of the worst deals in the history of sports, has been placed on waivers and will be bought out by the club, according to Newsday’s Arthur Staple.

DiPietro’s contract will now no longer count against the salary cap, but the Islanders will be forced to pay the netminder $1.5 million per year until 2029.

A native of Winthrop, Mass., DiPietro was drafted first overall out of Boston University in 2000. He inked his massive deal in 2006, just two years after becoming New York’s full-time starter, but his career began to come off the rails soon after.

DiPietro started more than 60 games in 2006-07 and 2007-08, posting respectable goals against and save percentage totals, but a rash of injuries and inconsistent play limited him to a total of just 50 games over the next five seasons. He started just three games this season (all losses) before being sent down to the Isles’ AHL affiliate in Bridgeport.

While DiPietro floundered in the minors, the Islanders enjoyed their most successful season in years, earning their first playoff bid since 2007 with 37-year-old Evgeni Nabokov in net. Nabokov will become a free agent on July 5, but he has expressed interest in returning to Long Island next season.

More from NESN.com:
THE BACKYARD
RELATED ARTICLES

Islanders to buy out DiPietro's deal

A New York Islanders team official confirmed that the team will buy out the remaining eight years of oft-injured goalie Rick DiPietro's contract. The 31-year-old DiPietro, the No. 1 pick in the 2000 NHL Draft, will be placed on waivers Tuesday before the compliance buyout can be used, the Islanders official told The Associated Press on Monday night on condition of anonymity...

Islanders using compliance buyout on Rick DiPietro

The Rick DiPietro nightmare is finally over for the New York Islanders. Well, that's not entirely true, but the organization is finally starting a new chapter by using one of their compliance buyouts on their pricey goaltender. The move will finally remove DiPietro's bloated - and hilarious - 15-year, $67.5 million contract from their payroll.  According to Arthur Staple...

What To Do With DiPietro?

from Arthur Staple of Newsday, The Islanders soon may rid themselves of a much longer- standing issue, too. After failing to deal away Rick DiPietro's contract on draft day, Snow may have a decision on whether to buy him out in the next day or two. If the Isles decide to buy out the remaining eight years of DiPietro's deal, Newsday has learned it would be a compliance...

So Long, Ricky: The Rick DiPietro Saga Has Mercifully Come To An End

  #Isles will place Rick DiPietro on waivers tomorrow for purpose of compliance buyout, Newsday has learned. — Arthur Staple (@StapeNewsday) July 2, 2013     News broke tonight that the Islanders would be placing Rick DiPietro on waivers for the purpose of buying out his contract. The Islanders will have to pay him $1.5 million over the next 16 (!) years. The 31-year-old goaltender...

Islanders buy out DiPietro's contract

Rick DiPietro is now a former New York Islanders goalie after he cleared waivers and had his long contract bought out by the team. The Islanders used a compliance buyout Wednesday to remove the final eight years of the goalie's deal from the club's salary cap. New York will pay the 31-year-old DiPietro $1.5 million for each of the next 16 years -- double the years left...

GARTH: Islanders Need A Starting Goalie

Goodbye Rick DiPietro. According to Newsday, The NY Islanders' former #1 overall draft choice and franchise goaltender will be placed on waivers for the purpose of buying out the remainder of his contract. DiPietro, 31, will receive a compliance buyout, meaning that the $1.5 million the Islanders owe him over the next 16 years will not count against the team's salary...

The Rick DiPietro Era is Over: Islanders to Use Compliance Buyout on DP.

[caption id="attachment_71" align="alignleft" width="300"] image provided by bloguin.com[/caption] Earlier this evening, Arthur Staple of Newsday broke the news that the Islanders will be placing often injured goalie Rick DiPietro on waivers tomorrow. The Islanders intend to use one of their two compliance buyouts on DiPietro if he goes unclaimed. ...

Mike Augello: Time Ticking On Komisarek; Leafs Looking To Add Veteran D?

The list of compliance buyout victims increased by one in the last 24 hours, as the New York Islanders expectedly exercised one of their financial “get out of jail free” cards on oft-injured goaltender Rick Dipietro. The 32 year old Dipietro was the first pick in the 2000 NHL Draft and had eight years remaining on a 15 year, $67.5 Million contract with the Isles, but...

Rick Dipietro To Be Bought Out, Making People Everywhere Sad by   Steven Ellis

Well, this is no way to end a great long running joke.   #Isles will place Rick DiPietro on waivers tomorrow for purpose of compliance buyout, Newsday has learned. — Arthur Staple (@StapeNewsday) July 2, 2013 Yes, its true folks. Rick DiPietro is done on Long Island. It’s a sad day for the hockey community. No one could have predicted [...]

Dee Karl: Charles Wang Talks about RDP - to the NYT

In a surprising find this morning on Facebook, here is an article in the NY Times written by veteran hockey writer Jeff Z. Klein on Rick DiPietro's contract buyout. What is surprising is not just that the NY Times has an article about the Islanders in the off-season, but that it also includes ACTUAL quotes from Islanders owner Charles Wang. How did he manage that? Did he...

2013 Wild draft overview

Remember these halcyon days Wild fans?  This is of course a picture of the first 3 selections of the 2000 NHL Entry draft which was the first one the Wild ever participated in.  So there you see the top 3 picks; 1st Overall Rick DiPietro of the New York Islanders, 2nd Overall Dany Heatley of the Atlanta Thrashers, and of course the 3rd Overall pick Marian Gaborik to the Wild.  I...
Islanders News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

RUMORS & GOSSIP

Tigers acquire David Price in blockbuster three-team deal

The Detroit Tigers have made the big blockbuster trade of the deadline. David Price of the Tampa Bay Rays has been sent to Detroit, in a deal that was first reported by Ken Rosenthal of FOX Sports. Source: #Tigers get Price. — Ken Rosenthal (@Ken_Rosenthal) July 31, 2014 Jon Heyman of CBS Sports reporting that […]
Via Full Scale Sports
12 hours ago

Kevin Love reportedly won't sign extension if traded

The Kevin Love situation has taken an interesting turn. Bob Finnan of the News-Herald reports that the Minnesota Timberwolves power forward has no plans to immediately re-sign with any team that he’s traded to. “In a rather new development, it now looks as if Love won’t sign an extension with any team in which he’s traded, even the Cavaliers,” Finnan writes. “He can get...
Via NESN.com
7 hours ago

49ers, Jim Harbaugh won't talk extension until after season

San Francisco 49ers CEO Jed York indicated on Yahoo! Sports Talk Live on Thursday evening that the team and head coach Jim Harbaugh have agreed to table extension negotiations until after the season.  Citing the need to focus on what’s happening on the field, York said that it made more sense to wait until after the season ends before resuming extension talks. We actually just...
Via Sportsnaut
5 hours ago

Rose says Bulls weren't happy behind his back, Bulls respond

Things could be getting tense in Chicago between Derrick Rose and the Bulls. At the very least, there is a miscommunication about the feelings in the organization as he recovered from injuries. Here is what Rose told Joe Cowley of the Chicago Sun-Times about how the organization felt and if there was tension: “I’m happy I didn’t personally see it. I don’t want to see that...
Via BlackSportsOnline
6 hours ago

Michael Phelps to compete in four events at U.S. Nationals

Michael Phelps’ comeback bid will continue next week at the U.S. national championships, and he will match his most ambitious program since returning to the sport. The 29-year-old will compete in the 100-meter freestyle, 100 butterfly, 100 backstroke and 200 individual medley at the meet, which begins Wednesday in Irvine, California. Phelps retired after the London Olympics...
Via Rumors and Rants
4 hours ago

Quebec City building NHL-sized rink without guarantee of team

The Quebec Nordiques started out as a World Hockey Association team in 1972. It remained with the WHA until being absorbed into the NHL team in 1979. The Nordiques moved to Colorado in 1995 almost 20 years ago and there was very little hope that Quebec City would get a new team. Of course, that was until 2012 when the new division realignment was announced. Currently there...
Via Sports Rumor Alert
7 hours ago

Report: Trump advances to next round of Bills' sale process

Update: John Wawrow of the Associated Press reports that billionaire Donald Trump has been selected to advanced to the next round of the bidding process for the Buffalo Bills. Morgan Stanley, the banking firm overseeing the sale of the Bills’ franchise, informed Trump of their decision. Wawrow adds that it’s unclear who else has advanced along with Trump, but Sabres owners Terry and K...
Via NFL Trade Rumors
7 hours ago

Dustin Johnson announces leave of absence from golf

Dustin Johnson announced on Thursday that he is taking a leave of absence from golf. The 30-year-old said he is seeking professional help to deal with some personal issues but did not get into specifics. “I am taking a leave of absence from professional golf, effective immediately,” Johnson said, via USA Today Sports. “I will […]
Via Larry Brown Sports
12 hours ago

Shaq facing lawsuit from man he made fun of on Instagram

Sometimes an apology just isn’t enough. That seems to be the case for Jahmel Binion who got made fun of by Shaq on social media. That problem is that after Shaq clowned him, he was told that the guy has a rare disorder hypohidrotic ectodermal dysplasia, that causes a reduced ability to sweat, sparse hair growth, missing teeth and facial deformities. Shaq then called the guy and...
Via BlackSportsOnline
14 hours ago

Kyle Korver was once traded for summer league fees, copier

TweetAtlanta Hawks sharp-shooter Kyle Korver has developed into one of the most dangerous outside shooters in the NBA, but there was a time when he wasn’t nearly as coveted as he is now. In a recent profile of Korver’s career to date, Grantland’s Zach Lowe writes that a then-2nd round pick Korver was traded by the New Jersey Nets to the Philadelphia 76ers for some uncommon...
Via Los That Sports Blog
14 hours ago
Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.