The person spoke on the condition of anonymity Wednesday because the Flyers have not announced their decision. ESPN.com first reported Briere's pending buyout Tuesday evening.
The Flyers still owe Briere $5 million as part of the eight-year, $52 million contract he signed in free agency on July 1, 2007. He's a 15-year NHL veteran, who had six goals and 10 assists in 34 games last season.
A seven-time 25-goal scorer, Briere's production has tailed off as a result of various injuries, including a concussion.
The move will shave $6.5 million off the Flyers' salary cap.
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