Greene will join the Los Angeles organization as a member of the scouting department -- ending his 12-year professional career, LA Kings Insider Jon Rosen reports.

EDGE Analysis

After three years with Edmonton, Greene spent nine seasons with the Kings -- racking up a total of 615 NHL games in which he registered 17 goals and 63 assists. During the 2016-17 campaign, the 34-year-old saw action in just 26 outings -- in part due to injuries -- so it should come as little surprise he is ready to enter the next phase of his career in hockey.

Greene (back) was placed on waivers in order to buy him out of the final year of his contract, Renaud Lavoie of TVA Sports reports.

EDGE Analysis

The decision to buyout Greene was not unexpected as Los Angeles was looking to save some cap room. The 34-year-old has played in just 29 games over the last two seasons due to injuries, so it wouldn't come as too much of a surprise if he opted to hang up his skates. If this is it for the Michigan native, he will end his career with 615 games played in which he recorded 17 goals and 63 helpers. Even if the two-time Stanley Cup champion does land with another club, it is unlikely he will offer much in terms of fantasy value. In order to place him on waivers, Greene by rule must have been cleared from his back injury.

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.

Greene underwent back surgery at some point during the second half of the season, Jon Rosen of LA Kings Insider reports.

EDGE Analysis

Greene has dealt with an amalgam of injuries over the years and has been limited 29 regular season games over the past two seasons as a result. The 33-year-old has never been much of an offensive threat, as his career-high 15 points in 2011-12 will attest, and his inability to stay healthy may doom him to an early retirement, especially considering he has just one year remaining on his contract with the Kings.

Greene (undisclosed) was placed on injured reserve (retroactive to Jan. 20) by the Kings on Monday, a href="https://twitter.com/ElliottTeaford/status/826196337997729792">Elliott Teaford of the Southern California News Group reports.

EDGE Analysis

Greene has been dealing with some old injuries of late, and the issues will hold him out for a little while. It's unclear how long he will be shut down for, but the veteran blueliner's placement on injured reserve shouldn't come as much of a surprise. Expect further news to surface as he draws closer to rejoining the lineup, but his status shouldn't be of much concern in the vast majority of fantasy leagues.

Greene, who was unable to skate at Sunday's practice, may be shut down due to a variety of ailments, LA Kings Insider reports. "He's been struggling with a back, groin, all that stuff - issues that he's had off and on for the last number of years - and it acted up on him, and we shut him down again," head coach Darryl Sutter said.

EDGE Analysis

It doesn't sound good for Greene, who had appeared in just four of LA's last 14 games. There's little reason to expect much from Greene at this point given his dwindling role and uncertain health status.

Greene, who has just two points in 26 games this season, has been a scratch in six of LA's last nine games.

EDGE Analysis

Greene's never been much of a fantasy factor and has seen his ice time drop lately even when he does find himself in the lineup so there's little reason to expect an uptick in production given his current depth role.

Greene skated only 9:42 in Thursday's overtime win against Pittsburgh, but he scored his first goal of the season. He added seven hits and blocked a shot.

EDGE Analysis

In fact, the goal was the blueliner's first since the 2014-15 campaign, as he missed almost all of last season to injury. He's been in the lineup for less than half the Kings' games this year, playing low minutes and offering predictably little production, so there's not much to see here from a fantasy perspective.

Greene is set to open the season as one of the Kings' depth defensemen, LA Kings Insider reports.

EDGE Analysis

Greene had a rather tumultuous offseason after having been placed on unconditional waivers by the Kings in June but managed to secure a spot in the Kings' bottom pair rotation after missing all but three games last year due to a shoulder injury. Greene won't add much fantasy value but could be a steadying force for the Kings in their bottom pair of blueliners.

Greene (shoulder) was placed on unconditional waivers by the Kings on Thursday for the purpose of buying out the final two years of his contract, Renaud Lavoie of TVA Sports reports.

EDGE Analysis

Greene missed all but three games recovering from shoulder surgery with no clear sign of whether he will be back to full health for 2016-17. Consequently, it comes as little surprise that Los Angeles wanted to get rid of his $2.5 million cap hit for the next two years. The 33-year-old has been hampered by injuries in the last few seasons, which could limit his ability to find a team willing to give him a shot.