Saturday: DeAngelo has cleared waivers, Sportsnet’s Elliotte Friedman reports, paving the way for the buyout to be completed.
Friday: It appears the rumored trade between the Philadelphia Flyers and Carolina Hurricanes won’t be happening after all. Today, the Flyers placed defenseman Tony DeAngelo on unconditional waivers, which CapFriendly initially clarified is for the purpose of contract termination. The Athletic’s Charlie O’Connor later contradicted CapFriendly’s initial report, claiming DeAngelo’s waiver placement is for the purposes of a buyout, which was later confirmed.
After the Flyers acquired DeAngelo’s negotiating rights from the Hurricanes last summer and promptly signed him to a two-year, $10MM deal, his relationship with head coach John Tortorella became tenuous, culminating in a string of healthy scratches to end the season. Reporting suggested the Flyers and Hurricanes had worked out a deal to send DeAngelo back to Raleigh this offseason, which would have involved the Flyers retaining half of DeAngelo’s $5MM cap hit on the final season of his contract and receiving center prospect Massimo Rizzo in return. However, the league blocked the trade at the time, claiming it circumvented the salary cap, and didn’t permit the deal to go through until July 8, 2023, exactly one year after the initial trade, which sent DeAngelo’s rights to Philadelphia.
The trade never actually went through, though, and now DeAngelo will find himself free to sign with any team that will have him – including Carolina. The buyout option became available to the Flyers after settling with forward Noah Cates before his arbitration hearing.
The buyout will cost the Flyers $1.67MM against the cap for the next two seasons compared to a one-time $2.5MM cap hit next year via salary retention. While the team is in the throes of a rebuild and doesn’t anticipate spending to the salary cap, the decision to buy DeAngelo out rather than trade him does offer slightly more short-term financial relief.
DeAngelo is an elite offensive-minded defender but a rather significant defensive liability, which chiefly contributed to his fallout with Tortorella in Philadelphia. When taking into consideration he’s played on three teams in the past three seasons and has now been bought out twice in that time frame, it seems unlikely he’ll find any long-term commitments on the open market.
Moving on from DeAngelo will certainly shift more point-producing burden onto youngster Cam York, who looked quite capable last season with 20 points in 54 games. The 22-year-old signed a two-year, $3.2MM extension with the Flyers earlier this week.
DeAngelo, 27, led Flyers defensemen in scoring last season with 42 points in 70 games. It was his third straight full season posting more than 40 points – he played just six games in 2020-21 before getting involved in a post-game altercation with then-teammate Alexandar Georgiev, which resulted in a waiver placement and assignment to the team’s taxi squad for the remainder of the season.
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