Free agency: Major moves shake up Caps roster
For those who missed it late Friday night, former Capitals defenseman Jeff Schultz became the latest ex-Cap to sign a free-agent contract, agreeing to a one-year, one-way contract with the Los Angeles Kings worth $700,000.
Schultz was a compliance buyout of the Capitals, which means his $2.75 million contract came off their books. He will receive $1 million from the Caps in each of the next two seasons.
Schultz, 27, had no goals three assists and 12 penalty minutes in 26 games with Caps last season but had fallen down the team's defensive depth chart, behind Steve Oleksy, Tomas Kundratek and Dmitry Orlov.
Schultz had spent his entire NHL career in Washington, where he recorded 11 goals, 64 assists and 133 penalty minutes in 399 games. He was drafted by the Caps in the first round of the 2004 draft and during the 2011 playoffs he set an NHL playoff record by being on the ice for 119 consecutive minutes without an opponent scoring a goal.