- Katie Strang, ESPN.com
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He was placed on unconditional waivers because the 15-year, $67.5 million deal he inked in 2006 did not include a no-trade clause.
Once bought out, DiPietro will be eligible as an unrestricted free agent on Friday.
In other housekeeping news, the Islanders extended qualifying offers to six of their restricted free agents: Josh Bailey, Brett Gallant, David Ullstrom, Travis Hamonic, Thomas Hickey and Kevin Poulin.
Tuesday was the deadline for qualifying offers.
As reported Monday evening, Rick DiPietro was placed on waivers Tuesday afternoon with the Islanders planning on using a compliance buy out on the oft-injured 31-year-old goaltender.