Senators waive Bobby Ryan

Veteran forward Bobby

Ryan was placed on waivers by the Ottawa Senators on Friday for the purpose of a buyout.

Ryan won the Masterton Trophy, the NHL’s award for perseverance, on Sept. 7 after publicly sharing his battle with alcohol issues.

The 33-year-old Ryan entered the NHL/NHL Players’ Assistance program on Nov. 20 to get help for addiction issues.

Ryan has two years left on his contract at a US$7.25 million cap hit and was owed $15 million in real cash.

Buying out his contract will save the Senators $3.67 million in cap space in each of the next two seasons, but add a cap charge of $1.83 million in each of the following two years.