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COLUMBUS CONSIDERING DUMPING ALEX WENNBERG

Former first-round draft pick (14th overall in 2013) Alex Wennberg appears to be regressing rather than progressing offensively. For that reason, it's being reported that the Columbus Blue Jackets are considering buying out the remainder of his contract.

Aaron Portzline of The Athletic is reporting that sources are telling him a buyout of Wennburg's contract is on the table for Columbus, and the move makes huge financial sense.

"Because Wennberg was 25 years old as of this June — he turned 26 on Tuesday — the buyout, per the NHL’s collective bargaining agreement, would require Columbus to pay only one-third of the money owed him over the remaining three years of his contract," wrote Portzline.

"After this summer, a buyout of Wennberg’s contract would cost the team two-thirds of his remaining deal."

"Wennberg’s salary cap hit is $4.9 million, but he’s due to make $5.35 million in each of the final three years of the deal, or $16.05 million total," said Portzline.

"If the Blue Jackets bought out his contract this offseason, they would owe him only one-third of that, or $5.35 million. Spread over six years — two years for each remaining year of his contract — it means Columbus would pay Wennberg $891,667 a year through 2025-26."



Wennburg's best season came in 2016-17, when he had 13 goals and 59 points in 80 games. It was that season that led to Columbus signing him for the next six years. His point totals have steadily dropped since then, and he managed just five goals and 22 points this past season in 57 games. He fared better in the playoffs, getting two goals and five points in 10 games.

The NHL has two buyout windows each offseason. The first window for this year opened Friday. Columbus general manager Jarmo Kekäläinen declined to comment for Portzline's story.

TIM TUCKER
SEPTEMBER 25, 2020  (11H24)