Found July 30, 2010 on Kuklas Korner:
Anaheim_ducks_v_cae6

via Chris Botta of NYI Point Blank,

Garth Snow said last season they would not put Brendan Witt on waivers to make him available at half-price to teams. But even at $1.5 million, based on the market this summer for depth players, it’s unlikely a team would have taken the veteran defenseman’s tab. He was placed today on unconditional waivers.

A buyout is probably in his future. The Islanders still carry seven defensemen on one-way contracts for the 2010-11 season. If they buy out this last season of his contract, the Islanders could add the cost as they reach the salary cap floor.

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