Jagr was waived by the Flames on Sunday, Elliotte Friedman of Sportsnet reports.

EDGE Analysis

Jagr and his agent have been working with the Flames for the last three weeks to find an exit scenario that would be mutually beneficial, and this was their best option. The 46-year-old winger has only suited up for 22 games this year -- missing 27 due to a variety of injuries -- and accrued just one goal and six assists in that span. It's clear that his rental value isn't as high as it was when he posted 46 points last campaign while not missing a game. If Jagr still wants to play in the NHL, it's a near lock that he'll be on another squad Monday. Otherwise, expect the living legend to head to a European league and be eligible to represent the Czech Republic in the 2018 Winter Olympics.