July 3: Per TSN’s Chris Johnston, Tennyson has cleared unconditional waivers and will have his contract terminated.
July 2: The Predators will be parting ways with one of their defensive depth pieces as Sportsnet’s Elliotte Friedman reports (Twitter link) that they’ve placed defenseman Matt Tennyson on unconditional waivers for the purposes of terminating his contract.
The 32-year-old was set to enter the second and final season of a two-year, two-way contract that pays the NHL minimum of $750K in the NHL and $325K in the minors. Tennyson got into eight games with the Predators this past season, recording three assists while averaging nearly 13 minutes a night. He spent most of the year with AHL Milwaukee, recording 14 points in 53 games along with 44 penalty minutes.
PuckPedia clarifies (Twitter link) that Tennyson’s placement is for termination purposes, not a buyout. That certainly makes sense as going that route won’t result in any salary cap charges for next season whereas a buyout would have put $250K on Nashville’s salary cap for each of the next two seasons and cost more in salary dollars than the $325K he’d be owed in the minors. In the meantime, with Tennyson requesting a contract termination, it will be interesting to see what opportunity he has lined up elsewhere assuming he passes through waivers unclaimed on Sunday.