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BREAKING NEWS: Rolston Placed on Waivers

According to TSN's Bob McKenzie, the New Jersey Devils placed left-winger Brian Rolston on waivers today.

Rolston recorded just four points (two goals, two assists) in 15 games this season. He has two years remaining on his four-year contract, which averages a $5.062 million cap hit per season.

If Rolston is assigned to the minors or retires, his salary will still count against the Devils cap. If he clears waivers, Rolston can be put on re-entry waivers, where it's more likely teams would acquire the left-winger. In that situation, they would only pay half his salary, leaving the Devils responsible for the other half.

Rolston's second tour with the Devils has been viewed as a disappointment by many. The left-winger has yet to play over 70 games or reach 30 goals, milestones he easily achieved while with Minnesota. Expected to quarterback the powerplay, Rolston has only recorded 30 powerplay points in two-plus seasons.

Continue to check back with SB Nation New York for further developments!