The Carolina Hurricanes placed defenseman Derek Joslin on unconditional waivers Friday with the purpose of buying out his contract, general manager Jim Rutherford said.

Joslin, 25, was due to be paid $750,000 next season in the second year of a two-year, one-way contract he signed last July.

Joslin was traded to the Canes by the San Jose Sharks on Feb. 18, 2011. The Richmond Hill, Ont., native was shifted to forward by Canes coach Kirk Muller in mid-February and used on the fourth line.

In 44 games last season, Joslin had two goals and two assists. Chip Alexander