Arizona Coyotes General Manager John Chayka announced today that the Coyotes have bought out the final year of center Antoine Vermette's contract. Following the buyout, Vermette is now an unrestricted free agent and can sign with any NHL team.

"In order to give our team more flexibility, we needed to make this difficult decision," said Chayka. "This move will provide an opportunity for some of our young, talented players to step up. Antoine is a class act and we thank him for all he did on and off the ice for the Arizona Coyotes organization. We wish him the best in the future."