Flames re-sign Michael Stone to $700,000 deal

The Calgary Flames bought out the final year of Michael Stone’s three-year, $10.5 million deal on August 2. But, now a month after being bought out by the Flames, Stone will be back in Calgary.

The Calgary Flames placed veteran defenceman Stone on waivers Aug. 1. for the purpose of placing Stone on waivers for a buyout.

But, now the Flames announced on Sept. 11, they have re-signed the 29-year-old defenceman to a one-year, $700,000 contract.

Stone was making $3.5 million AAV in the three-year contract and is now apparently taking a pay cut and it appears Stone’s return to the Flames’ roster is the result of the injury of young defenseman, Jusso Valimaki, who tore his ACL in mid-August.

Stone played 14 games last season due to complications from a blood clot in his arm, but will be heading into his ninth NHL season and fourth with the Flames.

In Stone’s 439 career games with the Phoenix and Arizona Coyotes and the Flames, Stone has recorded 29 goals and 88 assists for a total of 117 points.