Canucks officially begin buyout process for forward Jake Virtanen amid investigation

According to Frank Seravalli of Daily Faceoff, the Vancouver Canucks are buying out the contract of forward Jake Virtanen.

The move comes a few months after an unnamed woman accused Virtanen of allegedly sexual assaulting her in a Vancouver hotel room in September 2017. Following the allegations, the Canucks placed Virtanen on a leave of absence in early May.

Because of Virtanen's age, the Canucks are only subject to a 1/3 cap penalty, rather than the standard 2/3 according to CapFriendly. Vancouver will have a cap penalty of $50,000 in 2021-22, and $500,000 in 2022-23.

In 38 games this season, Virtanen had 5 points (5 G), 41 penalty minutes, and was a -5.

#Canucks have officially begun the buyout process for Jake Virtanen.— Frank Seravalli (@frank_seravalli) July 25, 2021

Following the Jake Virtanen buyout - he's subject to a 1/3 buyout because of his age rather than the standard 2/3 - the #Canucks will have the following cap penalties, per @CapFriendly:

2021-22: $50k
2022-23: $500k

That's $2.5 million in cap savings for next season.— Thomas Drance (@ThomasDrance) July 25, 2021

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