The Arizona Coyotes are parting ways with forward Alex Galchenyuk after they brought him back to the organization for his third stint just under two weeks ago. The team has placed him on waivers for the purposes of terminating his contract today.
Arizona did not say this is a mutual termination – potentially meaning that Galchenyuk has violated terms set forth in his contract in a manner that is grounds for termination. The team specified they wouldn’t be commenting further, and PHNX Sports’ Craig Morgan adds the NHLPA is reviewing the circumstances surrounding Galchenyuk’s termination.
Galchenyuk now lands on waivers, where all 31 teams can claim his one-year, two-way contract for next season for free. He had signed a deal carrying a base salary of $775K, a minors salary of $225K, and a minimum guaranteed salary of $325K with Arizona on July 1. Without any insight into why his contract is being terminated by the Coyotes, though, a claim is unlikely.
The 2012 third-overall pick spent most of last season in the minors with the Colorado Avalanche organization, producing at a point-per-game clip with the AHL’s Colorado Eagles. He failed to register a point in 11 appearances with the Avalanche after posting 21 points in 60 games with the Coyotes the season before.
Galchenyuk will become an unrestricted free agent again if the termination goes through, permitting him to sign anywhere he chooses inside or outside the NHL.
More must-reads: