Report: Jets place Schmidt on waivers for purpose of buyout

The Winnipeg Jets placed defenseman Nate Schmidt on unconditional waivers Sunday for the purpose of a buyout, reports Daily Faceoff's Frank Seravalli.

Schmidt was set to enter the final year of his contract. If he clears waivers, the buyout will look as follows:

Season Initial cap hit Buyout cap hit
2024-25 $5.95M $2.716M
2025-26 N/A $1.616M

The 32-year-old was relegated to a third-paring role this past season and produced 14 points in 63 games.

Winnipeg acquired Schmidt from the Vancouver Canucks in 2021 for a third-round pick.

The Jets already re-signed blue-liner Dylan DeMelo to a four-year, $19.6-million contract. Logan Stanley is a pending restricted free agent, while Brenden Dillon and Colin Miller are pending unrestricted free agents.

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