The Vancouver Canucks have today placed forward David Booth on waivers. The Canucks have made this move for the purpose of using their second compliance buyout on the player.
Booth, who was acquired by the Canucks in the fall of 2011, has been seen as a disappointment in his time with Vancouver, scoring just 26 goals and adding 26 assists for 52 points in 134 games. Booth’s annual cap hit of 4.25 million dollars rankled many Canucks fans as the salary and performance equated to a player that simply did not live up to expectations. Not helping the quirky power forward live up to the second line scoring expectations that came with him in the trade with Florida nearly three seasons ago was serious knee, groin and ankle injuries that neutralized his speed while deflating his confidence. Booth also unfortunately made more headlines off the ice for his big game hunting escapades and mountaineering rather than bagging NHL goals which didn’t help his cause in the court of public opinion.
Booth has one year left on his deal and as a 29 year old forward, is eligible for two thirds of his remaining contract payable over twice the remaining term. Booth will now collect just under 1.6 million dollars per year for the next two seasons to not play for the Canucks. This buyout will now free up the 4.25 million dollars in salary cap space to use on other acquisitions.
Booth will join Keith Ballard as the other Canucks compliance buyout player. Ballard is being paid 1.4 million dollars for a total of four years after being bought out of his contract, which had two years and 4.2 million dollars per season, left to be paid. Ballard has since signed on to play with the Minnesota Wild. All told the Canucks will be paying five former employees a combined $8 million total next season not to be a part of the organization. Including Booth and Ballard, Roberto Luongo ($1 million) along with former general manager Mike Gillis ($2 million) and former head coach John Tortorella ($2 million) will continue to cash Canucks paychecks going forward.