New York Islanders general manager Garth Snow has confirmed plans for the franchise to buy out the remainder of Rick DiPietro's contract.
The 31-year-old - who has eight years still to run on his record $67.5 million 15-year deal in Long Island - will be paid $1.5million of his $4.5million salary, annually over the next 16 years.
By using a 'compliance buyout' and placing DiPietro on unconditional waivers, the money will not count against the Islanders' salary cap.
"It is an extremely tough decision to use the compliance buyout on Rick's contract," said Snow. "His drive to win games and compete at the highest level for the New York Islanders was never questioned.
"With Rick back at 100 per cent health, we wish him nothing but the best as he continues to pursue his career."
Injuries have certainly derailed DiPietro's career, after he was picked as the New York Islanders number one overall selection at the 2000 NHL Draft.
He managed a total of 319 games as goaltender for New York, going 130-136-36 with a 2.87 goals-against-average, and .902 save percentage. But, after featuring in a total of just 50 games over the past five seasons, the decision was taken to release DiPietro as a free agent.