Canucks buy out defenceman Oliver Ekman-Larsson's contract

Oliver Ekman-Larsson’s time in Vancouver has come to an end.

The Canucks said Friday they had bought out the defenceman’s contract, making him an unrestricted free agent on July 1.

Ekman-Larsson had four years and $29 million US remaining on an eight-year, $66-million contract he signed with Arizona in 2018.

In a release, the Canucks said they’ll pay the Swedish defenceman $19.33 million over the next eight years.

“The business of hockey is very complex and tough decisions have to be made if you want to remain competitive,” said Canucks general manager Patrik Allvin. “Buying out Oliver gives us a lot more flexibility and cap space the next couple of years and significantly reduces

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