The Vancouver Canucks placed forward David Booth on waivers Tuesday with the intent of using their second of two compliance buyouts on him, general manager Jim Benning said.

Booth, 29, has one season and $4.75 million remaining on a six-year, $25.5 million contract he signed prior to the 2009-10 season while playing for the Florida Panthers.

"We wish David all the success in the future and thank him for his contributions with the Canucks," Benning said in a statement.