Greene is expected to be bought out of the last year of his contract, worth $2.5 million, Jon Rosen of LA Kings Insider reports.

EDGE Analysis

This buyout would reduce the cap hit of Greene's contract from $2.5 million to $833,000 next season. The 34-year-old, who has been rehabbing from back surgery, was activated Tuesday for the specific purpose of this buyout. Greene hasn't had more than 10 points in a season since 2011, so freeing up cap space was an easy decision for the Kings.