As a professional, I understand the importance of crafting compelling articles on current events. In this case, the topic at hand is Loui Eriksson`s contract termination, a development that has sent shockwaves throughout the NHL industry.

Loui Eriksson, a 36-year old Swedish forward, has been with the Vancouver Canucks for the past four years. During this time, he has struggled to live up to his massive contract, which pays him an average of $6 million per year. Despite his past success, Eriksson has failed to live up to expectations in Vancouver, amassing just 38 goals in his 196 games with the team.

On December 31, 2020, the Canucks announced that they would be terminating Eriksson`s contract. This move came after weeks of speculation and rumors regarding the team`s plans for Eriksson, who had fallen out of favor with the coaching staff.

The termination of Eriksson`s contract is a significant move for the Canucks, who are looking to free up cap space in order to sign younger, more talented players. While Eriksson`s departure will save the team money in the short term, it does not come without a cost. The Canucks will be forced to pay Eriksson $5 million in buyout fees, spread over the next two seasons.

For Eriksson, the termination of his contract marks the end of a disappointing stint in Vancouver. Despite his struggles with the Canucks, Eriksson remains a talented player with a long track record of success in the NHL. There is no doubt that he will be sought after by other teams in the league, who are looking to add a veteran forward to their roster.

In conclusion, the termination of Loui Eriksson`s contract is a significant development in the world of NHL hockey. While it is a necessary move for the Vancouver Canucks, it also marks the end of a disappointing era for Eriksson, who will now be looking to find a new team and prove his worth in the league once again. This news is sure to continue to make waves in the NHL community, as fans and analysts alike speculate about what this move means for the future of both Eriksson and the Canucks.