Montreal Canadiens general manager Marc Bergevin announced on Sunday that Scott Gomez will not take part in the 2013 season and that the team would buy out the remaining year on his contract at the end of the season.
The team will pay the centre a pro-rated $5.5 million US not to play with the club in the lockout-shortened season and the Habs will buy out his final year, at a cost of $4.5 million for the 2013-14 season.
Gomez had a disappointing 2011-12 campaign where he scored only twice and added nine assists in 38 games.
His contract, which he signed with the New York Rangers in 2007, carries an annual cap hit of $7.3 million.
Gomez was acquired by the Canadiens with Tom Pyatt and Michael Busto in a trade with the Rangers in the summer of 2009. New York received defenceman Ryan McDonagh, Chris Higgins and Pavel Valentenko.