Tuesday, June 26, 2007

Blues place Drake on waivers

ST. LOUIS- Today, the St. Louis Blues placed their captain Dallas Drake on waivers.

This is the 1st step for the buyout of the 14-year old veteran's contract, which is worth an estimated US$1 million.

Drake signed a two-year contract worth US2.2 million last summer. Last year was his second as team captain and sixth with the Blues.

If Drake clears waivers, he will be paid two-thirds of his salary for this season over the next two years. The cap hit on the Blues' payroll, as the result of his buyout, will be of US$1.1 million this season.

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