Schaefer is reporting that Boston Bruins winger Peter Schaefer is one of three major veteran players who have been waived for the purpose of buying out their contracts. The others are St. Louis defenseman Jay McKee and Florida forward Brett McLean.

Schaefer, who spent all of last season with Providence (AHL) after a disappointing 2007-08 season in the Hub, is due $2.1 million next season in the last year of his deal. If the buyout goes through, he would be due just two thirds of that amount ($1.4 million) over the next two seasons and that would be the amount ($700,000) counted against the Bruins’ salary cap number in each season. So instead of banishing his cap number to the minors like last season, Boston will have an amount equal to a solid fourth-liner or seventh defenseman on their cap without a player on the roster.

Schaefer was acquired by the Bruins from Ottawa during the summer of ’07 in exchange for Shean Donovan and never panned out as the second- or third-line winger the club needed.

Placing a player on waivers does not mean he has to be bought out, but tomorrow is the last day to do so. A couple weeks ago, Boston GM Peter Chiarelli had told that he could buy out Schaefer but that he probably wouldn’t.