Trent Hunter, left, could help the New Jersey Devils free up money to re-sign Zach Parise of New Jersey, right. ((Bill Kostroun/Associated Press))

The New Jersey Devils are waiving veterans Colin White and recently acquired Trent Hunter, it was reported on Monday.

The Devils plan to buy out each player if they're not claimed on waivers by another NHL club, Tom Gulitti of reported after speaking to team general manager Lou Lamoriello.

White, who will 34 midway through next season, has only played for New Jersey in his NHL career. He joined the Devils late in the 1999-00 season and was a regular presence in the playoffs as the club won the Stanley Cup playoffs.

He got another Cup ring with the Devils in 2003, and has totalled 20 goals, 105 assists, and 848 penalty minutes in 743 career regular season games.

Hunter was acquired last week in a trade with the New York Islanders for Brian Rolston and a second round pick in next year's draft. It was a mutually beneficial money move, with the Devils shedding the more expensive Rolston and the Islanders looking to get up to the salary cap ceiling.

New Jersey signed Ilya Kovalchuk to a massive deal last summer and hopes to retain Zach Parise over the long haul. Parise signed a one-year deal last week.

Hunter, 31, was limited to 17 games last season after tearing ligaments in his left knee in November.

The Red Deer, Alta., native debuted with the Isles in the 2001-02 NHL playoffs and has gone on to play 459 regular season games with the club, scoring 99 goals and 130 assists, with 201 penalty minutes.

If the players clear waivers and are then bought out, the Devils would pay two-thirds of what is owed on their contracts, spread out over twice the remaining contract length. For White, that figure would be a $1 million US cap hit over the next two seasons, with the Hunter hit at $667,000 over four seasons.