Poorly worded. He doesn't have to clear waivers until next year and there's no such thing as cutting someone under a contract in the pre-season in the NHL...the buy-out windows has passed.
He was sent down to WBS, which shouldn't surprise anyone. A couple months in the AHL will do him worlds of good after that clown knocked him out last season.
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“The most terrifying fact about the universe is not that it is hostile, but that it is indifferent. If we can come to terms with this indifference and accept the challenges of life within the boundaries of death, our existence as a species can have genuine meaning and fulfillment. However vast the darkness, we must supply our own light.” - Stanley Kubrick