Streit will end his 12 year NHL career, Swiss Hockey News reports.

EDGE Analysis

Streit reportedly didn't want to continue his career in the minor leagues, and will now officially retire from the NHL. His impressive career included 338 points in 786 games, and one Stanley Cup victory with Pittsburgh last season. The 39-year-old will likely continue his hockey career in the 2018 Winter Olympics.

Streit reached an agreement to terminate his contract with Montreal on Monday.

EDGE Analysis

The Swiss blueliner suited up in two games for the Habs this season before being waived. Streit, however, didn't report to AHL Laval, instead preferring to ply his trade elsewhere. It's unclear whether another organization has any interest in bringing in the 39-year-old, though if Streit's unable to find an NHL home, he could decide to represent Switzerland in the 2018 Winter Olympics.

Streit was placed on unconditional waivers for the purpose of terminating his contract, Elliotte Friedman of Sportsnet reports.

EDGE Analysis

It appears that Father Time has caught up with the 39-year-old blueliner, who was once one of the best defenseman in the league. Streit declined to report to the Habs' minor league affiliate in Laval which is why each party is looking to resolve the situation via contract termination. Should he clear waivers and the termination go through, Streit will be free to sign with any team.

Streit won't report to Montreal's AHL affiliate and will instead take the next few days to evaluate his options, Renaud Lavoie of TVA Sports reports.

EDGE Analysis

Streit is 39 years old and has enjoyed a long NHL career spanning 12 years and four different clubs, so it wouldn't be surprising to see him hang up his skates after going unclaimed on the waiver wire. The Swiss blueliner should announce his decision in the coming days.

Streit was waived by the Canadiens on Thursday, Renaud Lavoie of TVA Sports reports.

EDGE Analysis

With David Schlemko (hand) off injured reserve, the Canadiens had to get back under the 23-man roster limit and Streit was the player deemed expendable by the club. In his two outings for the club, the 39-year-old averaged a mere 14:13 of ice time, so it shouldn't come as too much of a surprise he finds himself on the waiver wire. If he goes unclaimed, the blueliner will likely be assigned to AHL Laval.

Streit will be on the bench Sunday, when the Habs play the Rangers in New York, Luc Gelinas of RDS reports.

EDGE Analysis

It's reasonable to expect the 39-year-old to watch from the press box every now and then in his reunion tour with the Habs, the team that selected him in the ninth round of the 2004 NHL Entry Draft.

Streit secured a one-year contract with Montreal on Tuesday.

EDGE Analysis

In 68 games -- split between the Penguins and Flyers -- Streit tallied six goals and 21 helpers. After being acquired at the trade deadline, the blueliner appeared in 19 regular season contest for Pittsburgh last season, but saw action in a mere three playoff games on the way to a Stanley Cup championship. Hopefully for the 39-year-old, he has adjusted to watching from the press box because he may find himself a healthy scratch more often than not this upcoming season.

Streit was offered a one-year contract by the Canadiens, according to Marc de Foy of the Journal de Montreal.

EDGE Analysis

In offering a one-year deal worth $1.5 million to the 39-year-old Streit, Canadiens general manager Marc Bergevin is protecting himself in the event he's unable to re-sign Andrei Markov.

Streit was not among the Penguins' eight protected skaters for the Vegas expansion draft.

EDGE Analysis

Considering Streit logged just 19 regular season and three playoff games for the Pens this year, it shouldn't come as a surprise they chose not to protect him from being selected by the Golden Knights. The 39-year-old was an emergency pick-up in order to provide coverage for a banged up blue line. General manager Jim Rutherford could decide to re-sign the defenseman, but that determination likely won't come until after July 1 when free agency begins.

Streit likely will make his 2017 postseason debut if fellow defenseman Justin Schultz's (undisclosed) injury turns out to be long term, the Pittsburgh Post-Gazette reports.

EDGE Analysis

Pittsburgh has been perpetually banged up on the back line, making forced lineup adjustments along the way, but losing a two-way playmaker like Schultz for any amount of time could pose a serious problem for the Pens during these conference finals. After all, he's averaged 21:09 of ice time -- including 3:48 on the power play -- since the quarterfinal series against the Blue Jackets. Streit could step in as a 39-year-old with 31 playoff games under his belt, though that could always change if Trevor Daley (lower body) gets healthy soon.