All but the official paperwork has Ray Emery on his way out of Ottawa. Emery cleared waivers Saturday without any takers. GM Bryan Murray noted "He cleared and we'll do it immediately... We're just going to do it", regarding the buy-out.
The Senators are on the hook for 1/3 of Emery's remaining contract which is $2.25 million in total. It really isn't that bad as the Sens only have to claim $562,500 in salary cap space in each of the next four seasons.