Skinner, a forward who turned 26 Wednesday, had 49 points (24 goals, 25 assists) in 82 games this season after scoring 37 goals last season. Carolina's first-round pick (No. 7) in the 2010 NHL Draft has 379 points (204 goals, 175 assists) in 579 games.
Faulk, a 26-year-old defenseman who was the Hurricanes' second-round pick (No. 37) in 2010, had 31 points (eight goals, 23 assists) in 76 games this season, his first as co-captain with Jordan Staal, after scoring 17 goals last season. He has 223 points (74 goals, 149 assists) in 477 NHL games.
Carolina (36-35-11) finished sixth in the Metropolitan Division, 14 points behind the New Jersey Devils for the second wild card into the Stanley Cup Playoffs from the Eastern Conference. The Hurricanes have not qualified for the playoffs since 2009.
"We've had some players here that have been here for quite a few years. We know we need to make some change," Waddell said. "We're looking at all those options as we speak right now to see which pieces make sense for us to move out, which ones we need to continue to build around."