New Jersey Devils Buying Out Veteran GK Cory Schneider

Cory Schneider with the Devils in 2019. Photo by Eric Canha/CSM/Shutterstock

Another veteran goalkeeper will enter the already crowded free agency. New York Devils announced on Thursday that they have placed veteran Cory Schneider on waivers with the intention to buy out his contract.

Schneider signed a seven-year, $42 million extension with the Devils in 2014 and still had two more years left on his deal after the 2019/20 NHL season. Instead of $6 million in each of the next two years, the 34-year-old will now receive $8 million compensation, which will be spread out evenly through 2024.

This was an expected move from the Devils, considering that Mackenzie Blackwood established himself as the team’s No.1 choice on goal. Blackwood had a 22-14-8 record in 2019/20, posting a 2.77 goals-against average and .915 save percentage. He also added three shutouts.

Cory Schneider, on the other hand, struggled in the past two seasons, coming off hip surgery in 2018. Since then, Schneider played only 39 games while putting some disappointing performances. In this past season, he had a 3-6-2 record with a career-worst 3.53 goals-against average and .887 save percentage.

Schneider, Vancouver Canucks, has 409 career games in NHL and one All-Star appearance by his name.