Schneider clears waivers
Ducks defenceman Mathieu Schneider cleared waivers at noon today, which puts Brian Burke in a tough spot. He's still going to try and unload the contract, either via trade (where he would take back a salary from another team) or re-entry waivers.
Here's how that second process would work: Anaheim has to wait until the "playing season waiver period" before putting him through re-entry waivers, which can happen as early as "the twelfth day prior to the start of the regular season."
By my count, that's next Friday (as the European games don't technically count as the start of the season in the CBA).
The Ducks will have to fill out the paperwork to demote Schneider to the minors and then "recall" him. He will have to pass through waivers on the way up, and any team claiming him this time will be on the hook for half of his $5.625-million cap hit (roughly $2.8-million) and salary.
The problem for Anaheim is that clearing only $2.8-million doesn't ease their cap situation enough to allow Teemu Selanne to sign without additional movement. Burke may have to look at shipping out a contract like Todd Marchant's $2.5-million deal in order to make that happen (although he has a no-trade clause).
Schneider will have plenty of suitors, however, at half his salary, but for the moment, he's in limbo and has to attend training camp as a Duck when it opens on Saturday.