The Sharks placed Knyzhov on unconditional waivers for the purpose of buying out his contract Saturday, Chris Johnston of The Athletic reports.
Kynzhov has one year remaining on a two-year contract. The Sharks will save $933,333 this season and add $466,667 to their 2025-26 salary cap. Kynzhov managed only one assist in 10 regular-season appearances for the Sharks in 2023-24 as well as three goals and 14 points in 40 games with AHL San Jose.