Vincent Lecavalier to be bought out

Updated: June 27, 2013, 1:03 PM ET
By Pierre LeBrun | ESPN.com

The Tampa Bay Lightning have decided to buy out Vincent Lecavalier's contract, the team announced Thursday.

Lecavalier, 33, has seven years and $45 million left on his deal, which carries a $7.72 million yearly cap hit.

Tampa will have to pay Lecavalier $32.67 million in the buyout, a source told ESPN.com, which includes an $8 million bonus that had to be paid out in full. The remaining salary is paid out at two-thirds, $24.67 million over the next 14 years.

"Vinny ...

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