Magnum drop players

Max Pacioretty – 810,000

Eric Tangradi – 500,000

Keith Ballard – 1,330,000

Jake Muzzin – 900,000

Total cap dropped = 3,540,000

October 30, 2010 – 1:00pm

Salary returned = 1,770,000

New team cash balance = 705,000 + 1,770,000 = 2,475,000