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It would be absolutely crazy to waive Luongo. He has good trade value. Not as high as Schneider but there are several teams in the league that would take Luongo. Teams with veteran cores but shaky goaltending. You'd have to think New Jersey is going to be looking to take one of Lu or Schnoo from us. Tampa as well.
I've said it several times before that Luongo's contract isn't as bad as it seems. Everyone always thinks $10m when that's entirely not true and if you read his profile on CapGeek, he has a fairly well structured deal.
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