UPDATE: Bickell has cleared waivers. He can either be sent to Rockford, which would decrease his cap hit from $4 million to $3.05 million, or stick with the team and his full cap hit. The possibility of a trade is still out there, too, though it's hard to see anyone negotiating a deal for Bicks when they could've just claimed his contract without giving anything up. At this point, he's either on the team, in Rockford or part of a deal where the Hawks take back or retain significant salary.
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Bickell, 29, carries a $4 million salary cap hit and is unlikely to be picked up by another team. He had 28 points (14 goals, 14 assists) in 80 games last season. Since the spring, he's been dealing with vertigo-related issues that have occasionally kept him off the ice.
If Bickell clears waivers, the Blackhawks can send him to the Rockford IceHogs of the AHL. That would provide Chicago with $950,000 of cap relief, according to General Fanager. The team would still have to retain $3.05 million of his cap hit, although at this point if he's not making the team, any relief is welcomed. Bickell has been the subject of many trade talks, including a possible deal with the Edmonton Oilers, but Chicago has not found any suitors.
The winger has two years remaining on his contract with a cap hit of $4 million and a salary of $4.5 million each year. The total value of his four-year contract is $16 million, a deal he earned with his career-best postseason in 2013, when he put up nine goals and 17 points in 23 games.