What happened: Chris Kreider cleared termination waivers, allowing his contract to be terminated. The move removes his $6.5 million cap hit.
Why it matters: The team now has additional room to fill its roster and address other offseason needs. Kreider becomes an unrestricted free agent after leaving the remaining salary on his deal.
By the numbers: The contract had $4 million in salary remaining. Projected cap space rises to $15.6 million for 21 active players, with Terry on injured reserve and Gauthier listed as an RFA.
What to watch: Watch for the team’s next roster move and whether Kreider finds a new contract in free agency.