The clock is now ticking on Ray Emery's career in Ottawa. Senators GM Bryan Murray has 48 hours from tonight's Detroit victory to buy out Emery’s contract.
Because Emery doesn't turn 26 until September, the buyout cost for his contract is only one-third of the $6.75 million remaining on his contract.
League sources say that Murray is trying to exhaust the other options before buying out the contract, but it does not look good. Because of the publicity surrounding Emery, both on-ice and off, as well as a lackluster performance (a 3.13 GAA and .890 save percentage), Emery’s career in the NHL is now endangered.
Although one or two teams may have some mild interest in Emery, it is unlikely they’ll be willing to accept the issues that accompanied Emery’s performance last year. The other reason a trade is unlikely is that any interested team will also likely want another player or draft pick thrown into the deal.
"The Senators need to move on from him. Sure, a team might take a shot if the Senators put him on waivers and then bring him back on re-entry, because then Ottawa would be on the hook for half his salary. He's probably going to (be) bought out and then accept a two-way contract," said one league source.
If Murray passes on this buy-out opportunity, then the team must wait until the buyout period, set for June 15-30.
The question then becomes who will take on Emery? Or will he be forced to accept a two-way contract that guarantees a stay in the AHL?
More importantly, who will replace him?