While the Ducks did not officially specify a buyout, the official statement from General Manager Bob Murray confirms that the organization will be parting ways with Despres.
“Simon Despres is a good hockey player and a good person.” Murray said. “But at this point in time, we feel it is in the best interests of both Simon and the organization to part ways. We wish him the very best in the future.”
The 26-year-old defenseman signed a 5-year, $18.5 million extension in October of 2015 with a cap hit of $3.7 million per season.
The buyout allows the Ducks to have the cap hit only be 1⁄3 of his original hit due to the fact that he is 26 years old. The Ducks will pay him $662,500 per year for the next 8 years as laid out by the CBA. The cap hit amounts to approximately $1.26 million this coming season, 2 years of a $337,500 cap credit, 1 year of a $962,500 hit, then 4 remaining years of a $662,500 hit according to CapFriendly.
Despres has dealt with concussion symptoms for most of the last 2 seasons after a hit to the head by Colorado Avalanche defenseman Tyson Barrie in October of 2015. After missing 42 games, Despres returned to the Ducks lineup, but took another hit to the head from Avalanche forward Gabriel Landeskog, which sidelined him for another 6 games. Despres was able to eventually finish out the season and played in the 1st round of the 2016 Stanley Cup Playoffs.
Despres appeared to have put the concussion issues behind him at the beginning of the most recent 2016-2017 season. However, he was removed partway through opening night and was put on Long Term Injured Reserve shortly thereafter.
Despres finishes his career with Anaheim with 9 points (1G, 8A) and a +4 rating in 49 games.