"This decision was one of the hardest I have ever had to make" said Islanders owner Charles Wang. "The organization holds Alexei in the highest regard – as a player, as a teammate and as a person. He was part of the revival of the franchise at a time when we had not qualified for the playoffs for eight seasons. All of us at the Islanders wish Alexei nothing but the best as he continues his career."
According to TSN, the team will pay Yashin two-thirds the value of the rest of his contract over an eight year span. That's a $17.6 million dollar price tag. Spread out over eight years, it comes to about $2.2 million per year.