Jack Campbell Placed On Waivers For Purposes of Buyout

The sad story of Jack Campbell in Edmonton has come to an end. The Oilers have placed the goaltender on unconditional waivers for the purposes of a buyout.

The #Oilers have placed goaltender Jack Campbell on unconditional waivers for the purpose of a buyout. pic.twitter.com/lXb1UmGTi3
— Edmonton Oilers (@EdmontonOilers) June 30, 2024

Per CapFriendly, as Campbell has three years remaining on his $5 million cap hit, it will cost the Oilers a total of $9 million over six years:

Jack Campbell has 3 years remaining in his contract, therefore a 6 year buyout:

Cost: $9M
Savings: $4.5M

Cap Hit:
24-25: $1.1M
25-26: $2.3M
26-27: $2.6M
27-28: $1.5M
28-29: $1.5M
29-30: $1.5Mhttps://t.co/MDBNM1Xwq7 https://t.co/SeHZXWy7zN
— CapFriendly (@CapFriendly) June 30, 2024

The cap hit is drastically reduced for the coming season, from $5M down to just $1.1M.

The 32-year-old netminder posted a 1-4-0 record with a 4.50 GAA and an .873 save percentage in five regular-season appearances with Edmonton this past season before being send down to the minors.

In 41 games with the Oilers after signing a five-year, $25 million free agent contract in July of 2022, Campbell posted a woeful .886 save percentage and a 3.53 goals against average.

He'll now hit the free agent market once his buyout is complete, and try to hit the re-set button elsewhere. He did register a strong .918 Sv% with the Bakersfield Condors in the AHL this season with a 2.63 GAA and has a .909 career Sv% in nine NHL seasons with a 2.76 GAA.