Colin Fraser has cleared waivers, per Lisa Dillman of the LA Times:

Pausing in a break between slopestyle and moguls, we have bit of Kings news. Told by them that Colin Fraser cleared waivers. — lisa dillman (@reallisa) February 9, 2014

Placing Fraser on waivers allows the Kings additional flexibility in advance of the lifting of the NHL’s trading freeze at 8:59 p.m. PT on Sunday, February 23. More about this flexibility can be found on yesterday’s posts about the subject here and here. This move does not necessarily mean that Fraser will join the Manchester Monarchs, though he could technically be assigned to Manchester in a “paper” transaction without reporting, as the added salary cap flexibility was the key consideration of yesterday’s transaction.

I’m hoping to hear more about what this means for Fraser and how he fits within the Kings’ plans, but keep in mind a much firmer sense will be had after the lifting of the trade freeze and with any hypothetical trades.

UPDATE, 12:25 PM PT: After speaking with the Kings, the plan is for Fraser to report to Manchester “later next week.”