Kennedy Clears Waivers, Sabres Will Buy Out Contract

August 3, 2010 Updated Aug 3, 2010 at 1:56 PM EDT

By WKBW Internet

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Kennedy Clears Waivers, Sabres Will Buy Out Contract

August 3, 2010 Updated Aug 3, 2010 at 1:56 PM EDT

BUFFALO, NY (WKBW) - Buffalo Sabres forward Tim Kennedy cleared waivers Tuesday, and Sabres plan to buyout the 24-year-old's contract.

Kennedy won $1 million in arbitration this off-season after scoring 10 goals and 16 assists last season. The team plans to buyout Kennedy's contract for $333,333 over the next two years.

Buffalo Sabres General Manager Darcy Regier addressed the situation at press conference Tuesday afternoon.

The South Buffalo native was picked-up by the Sabres in 2005 from the Washington Capitals, who drafted him in the 6th round of that year's draft.

Eyewitness Sports will have more on this story coming-up at 5pm and 6pm.