Mark Parrish became "a victim of the salary cap" said Wild GM Doug Risebrough after waiving the forward with 3 years still remaining on his contract.
Parrish, 31, scored just 16 goals in 66 games with the Wild last season. He would have had a cap hit of $2.65 million against Minnesota this season, which would have left them with about $2.1 million in cap space.
Should Parrish clear waivers, it is expected that Minnesota would buy out his contract, paying him two-thirds of what remains, or about $5.2 million.
The LA Kings may be interested in picking him up at his current salary as they are WAY below the salary cap floor. The Kings stand at about $29.5 million in cap salary, leaving them over $10 million away from the $40.7 million floor. The ceiling is at $56.7 million, up from last year's $50.3 million.
Another team away from the floor that could use some scoring help is Atlanta. They are the only other team along with LA to be under the floor limit, as they stand at $38.225 million. Picking Parrish up off waivers would qualify them.