According to Bob McKenzie of TSN, Matt Walker was placed on waivers by the Philadelphia Flyers today at noon. The league's other 29 teams have 24 hours to pick up his $1.7M contract. If no one picks him up, he becomes a Phantom at 12:00EST Friday.
According to my projected Capgeek numbers, the Flyers will have $13,402 in daily cap space with an additional $6,272 in LTIR relief. The combined relief will add up to a max acquisition space of $3,659,436. That is to say they can afford $3,659,436 in yearly salary and still be under the cap. However, that number includes LTIR relief and does not include performance bonuses.