The Carolina Hurricanes placed forward Alexander Semin on unconditional waivers Tuesday with the intent of buying out his contract.

Semin was notified of the club’s decision Tuesday, per the Collective Bargaining Agreement, and he will need to clear waivers at noon Wednesday prior to being bought out.

Semin, 31, signed a five-year, $35 million extension with the Hurricanes in March 2013, and he has three years remaining on his contract.

A native of Krasnoyarsk, Russia, Semin skated in 166 games for the Hurricanes over three seasons, recording 41 goals and 64 assists (105 points) and a plus-5 rating. Semin completed his 10th NHL season in 2014-15, totaling six goals and 13 assists and a minus-10 rating in 57 games.