Patrick Marleau’s contract will be absorbed by the Hurricanes.
Carolina general manager Don Waddell said Thursday that the team is buying out Marleau, per The News & Observer.
The forward will receive his $3 million signing bonus plus $833,333 that will be split over the next two years.
Marleau, 39, was traded to the Hurricanes by the Maple Leafs, along with a conditional 2020 first-round pick and a 2020 seventh-round selection, for a 2020 sixth-round choice.
Last season, Marleau played in 82 games and recorded 16 goals and 37 points for Toronto.
He spent the first 19 years of his career with the Sharks, who picked him second overall in the 1997 NHL Draft before. He signed with the Leafs in 2017 as a free agent.