The Calgary Flames have placed defenseman Michael Stone on waivers for the purpose of a buyout, according to Sportsnet's Elliotte Friedman.

Stone signed a three-year, $10.5-million contract with the Flames in 2017. His buyout counts for $1.16 million against the salary cap for the next two seasons but saves Calgary $2.3 million for the 2019-20 campaign, according to Cap Friendly.

The 29-year-old was limited to only 14 games last season, during which he posted five assists.

Copyright © 2019 Score Media Ventures Inc. All rights reserved. Certain content reproduced under license.