Kings buy out Dion Phaneuf
Defenceman had 2 years left on his 7-year, $49 million contract
The Los Angeles Kings have bought out the final two years of defenceman Dion Phaneuf's contract.
Phaneuf had two years left on a seven-year, $49 million US contract through the 2020-21 season. He agreed to the deal in Toronto, but has been traded twice since.
The Kings are rebuilding after finishing eighth in the Pacific Division last season with their worst point total since 2008.