In addition, Cowen can now begin approaching other clubs about a new contract that he may sign as early as July 1.
“He’s been sent home by the Leafs, told to await a buyout, but he’s also been told he can start talking to teams now about a new job on July 1st,” said Cox on Sportsnet’s Headlines segment.
Cowen, 25, has one more year on his contract with a $3.1 million cap hit, but has an interesting quirk in his deal. According to Sportsnet’s Chris Johnston, if a team buys out Cowen, it will receive a salary cap credit of $650,000.
The 6-foot-5 defenceman was the ninth overall pick of the 2009 draft, but has spent most of his career dealing with a hip injury. He played 37 NHL games with the Senators this season before the trade and scored just four assists.