The Penguins on Saturday placed Jesse Puljujarvi on unconditional waivers for purpose of contract termination. After 24 hours his contract will go away in full — no cap hit, it will no longer count toward the team’s 50 contracts. 

Contract termination is an option when the decision is mutual, which means the player has to be willing to leave the remainder of the money he is owed on the table. It is often done when a player has a deal lined up overseas in another league.

Kyle Dubas said in a statement, “As the season has gone on, we have worked with Jesse and his representative Markus Lehto to try and ensure that his hard work returning from serious injury was not lost and to try and find him greater opportunity. Over the last week those discussions have led to us granting Jesse his request for contract termination so he may explore opportunities with other organizations around the world. In the end, we felt that was the fair thing to do.”