The move to terminate Evgeny Kuznetsov's contract will significantly help the Washington Capitals, who traded him to Carolina ahead of the deadline in March. The Capitals retained 50% of his remaining salary and will now gain $3.9 million in additional cap space through his contract termination this week.
Kuznetsov, 32, spent 11 seasons in the National Hockey League with Washington and Carolina, registering 575 points (173 goals, 402 assists) and 394 penalty minutes in 743 games. He went on to add 73 points in 97 playoff games, winning the Stanley Cup with the Capitals in 2018.