Just one day after being bought out by the New Jersey Devils, former Albany River Rats defenseman Colin White has landed on his feet, signing a one-year, $1 million contract with the NHL's San Jose Sharks.
Prior to today's signing, White had spent his entire 13-year pro career in the Devils organization, playing much of his first three seasons in a Rats uniform. Between 1997-98 and 1999-00, White appeared in 205 games for Albany, recording 10 goals and 46 assists during that time.
White would go on to play 743 regular season games and 111 playoff contests with New Jersey, winning Stanley Cups with the Devils in 2000 and 2003.
Note: Don Ferlazzo is not an employee of the Albany Devils, nor is this blog sponsored or influenced by the organization in any way.
Follow this blog on Twitter @HellOnSkates.
Covering news and notes on the Albany Devils, as well as professional hockey in New York's Capital Region
Showing posts with label Colin White. Show all posts
Showing posts with label Colin White. Show all posts
Wednesday, August 3, 2011
Tuesday, August 2, 2011
After clearing waivers, White and Hunter bought out by Devils (updated)
Having gone unclaimed during the 24-hour waiver period, recently acquired forward Trent Hunter and former Albany River Rats defenseman Colin White have been bought out by the New Jersey Devils.
Hunter, who was acquired last week in a trade with the New York Islanders for former Rats forward Brian Rolston, carries a buyout price of $2,666,667, which will be spread over four seasons.
White, who played a total of 205 games for Albany between 1997-98 and 1999-2000, carries a buyout price of $2 million spread over two seasons.
With the buyouts now completed, both players become unrestricted free agents.
Note: Don Ferlazzo is not an employee of the Albany Devils, nor is this blog sponsored or influenced by the organization in any way.
Follow this blog on Twitter @HellOnSkates.
Hunter, who was acquired last week in a trade with the New York Islanders for former Rats forward Brian Rolston, carries a buyout price of $2,666,667, which will be spread over four seasons.
White, who played a total of 205 games for Albany between 1997-98 and 1999-2000, carries a buyout price of $2 million spread over two seasons.
With the buyouts now completed, both players become unrestricted free agents.
Note: Don Ferlazzo is not an employee of the Albany Devils, nor is this blog sponsored or influenced by the organization in any way.
Follow this blog on Twitter @HellOnSkates.
Monday, August 1, 2011
Devils place Trent Hunter, former Rats d-man Colin White on waivers
After re-signing former Albany River Rats star Zach Parise to a one-year, $6 million contract on Friday, the New Jersey Devils have reportedly placed newly acquired forward Trent Hunter and former Rats defenseman Colin White on waivers today.
The moves could be a precursors to buying both players out, should they go unclaimed in the waiver process.
Having settled their final pending arbitration case with the signing of Parise on Friday, the Devils have begun a 48-hour buy out period starting today, according to Tom Gulitti. In order to buy out a player, a team must first place that player on waivers. If that player isn't claimed by another NHL team his contract may be bought out by his current team, saving them money and salary cap space in the processes
Hunter was acquired just days ago in a trade that saw former Rats forward Brian Rolston heading to the New York Islanders.
White, who played parts of three seasons with Albany between the 1997-98 and 1999-00 seasons, has been a life-long Devil, winning two Stanley Cup championships with New Jersey (2000 and 2003) since being drafted by the team in 1996.
UPDATE: It has been confirmed that New Jersey Devils GM Lou Lamoriello plans to buy out both contracts if the players clear waivers. Tom Gulitti has more:
Note: Don Ferlazzo is not an employee of the Albany Devils, nor is this blog sponsored or influenced by the organization in any way.
Follow this blog on Twitter @HellOnSkates.
The moves could be a precursors to buying both players out, should they go unclaimed in the waiver process.
Having settled their final pending arbitration case with the signing of Parise on Friday, the Devils have begun a 48-hour buy out period starting today, according to Tom Gulitti. In order to buy out a player, a team must first place that player on waivers. If that player isn't claimed by another NHL team his contract may be bought out by his current team, saving them money and salary cap space in the processes
Hunter was acquired just days ago in a trade that saw former Rats forward Brian Rolston heading to the New York Islanders.
White, who played parts of three seasons with Albany between the 1997-98 and 1999-00 seasons, has been a life-long Devil, winning two Stanley Cup championships with New Jersey (2000 and 2003) since being drafted by the team in 1996.
UPDATE: It has been confirmed that New Jersey Devils GM Lou Lamoriello plans to buy out both contracts if the players clear waivers. Tom Gulitti has more:
If either player clears waivers at noon Tuesday without being bought out, the Devils would be able to buy them out at two third the total remaining value on their contract over twice the remaining years.
For White, the buyout would be $2 million with the cap hit spread over two years—or $1 million per year. For Hunter, the buyout price would $2,666,667 with the cap hit spread over four seasons—or $666,667 per season.
In total, the Devils would save $3,333,333 in cap space in the 2011-12 season. They already have approximately $2.5 million in cap space (depending upon which players are on the roster).Gulitti goes on to point out that with White gone, the Devils will have only two members of the 2003 Stanley Cup championship team on their roster next season, including franchise goaltender Martin Brodeur and former Albany River Rats forward Patrik Elias.
Note: Don Ferlazzo is not an employee of the Albany Devils, nor is this blog sponsored or influenced by the organization in any way.
Follow this blog on Twitter @HellOnSkates.
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