In news that shocks no one - other than for how long it took - Riley Cote was waived by the Flyers today.

As reported by both Bob McKenzie and Frank Seravalli, the Flyers have finally removed Riley Cote and his $550,000 cap hit from the roster.  Clearly, this doesn't free up a ton of space, but coupled with Danny Syvret being waived yesterday and Ray Emery on LTIR, the team has freed up $2.625 million in cap space with just those three moves.

Speculation is now beginning that the team is looking to acquire someone.  Names such as Raffi Torres, Dan Hamhuis, and Milan Jurcina have already been tossed around. 

Frank Seravalli even went so far as to tweet this:

A source tells me the Flyers told Cote they would only waive him if they needed to clear cap space for a move... Working on it.

Are you a fan of recklessly starting rumors?  Me too.  Here are a list of players making $2.7 million or less and who will be UFA at the end of the season:  Joe Corvo, Keith Tkachuk, Alex Tanguay, Lee Stempniak, Colby Armstrong, Dennis Seidenberg, Alexei Ponikarovsky, Marek Svatos, and Mark Recchi.

The general consensus was that the Flyers should acquire a forward, but a couple defensemen have been named in connection to the Flyers - mainly, Dan Hamhuis.

In honor of Cote's waiving, here's a YouTube video of Rockin' Riles:

And now, the saddest part of this day:  Goodbye Holly.