Winnipeg Jets Buying Out Nate Schmidt

The Winnipeg Jets have placed defenseman Nate Schmidt on waivers for the purpose of a buyout. 

Schmidt, 32, was set to enter the final season of his contract with a $5.95 million cap hit. However, with this decision by the Jets, they will be moving on from Schmidt and will likely look to find a cheaper option for their bottom pairing as his replacement.

With this move, Schmidt will a carry a $2.72 million cap hit for the Jets in 2024-25 season, which equals to $3.23 million of savings for the club. However, the Jets will now have a $1.62 million cap charge for the 2025-26 season for completing this buy out. 

Schmidt, 32, appeared in 63 games this past season with the Jets, where he had two goals to go along with 14 points and a plus-10 rating. He then followed that up by playing in three postseason games, recording one goal and a notable minus-5 rating.

Schmidt should get some interest in free agency, as he has four seasons with at least 30 points and plenty of overall experience. On an affordable short-term deal, he would be a nice addition to an NHL club looking to add more overall depth to their blueline.

We will need to wait and see where Schmidt ends up landing from here.

photo credit: © James Carey Lauder-USA TODAY Sports