Milano, 26, was drafted 16th overall in 2014 by the Columbus Blue Jackets. He has 81 points and 36 goals, in 197 career NHL games (including a solid 14 goals and 34 points last season with the Anaheim Ducks, his best career season).
He is clearly too dominant for the American Hockey League, but is unable to find a position in the NHL for the upcoming season. Considering his recent stats, his age and the salary he's been asked for, it's rather curious, and a surprise for many, but hey, to be continued!
In the final seconds, it was the turn of the Vancouver Canucks' former sixth overall pick in 2014, Jake Virtanen, to be released.
Virtanen, 26, had 55 goals and 100 points, in 317 career NHL games. It looks like it's over for him in the best hockey league in the world.