Sestito was called for a major boarding penalty at 7:52 of the first period for his hit on Rangers forward Andre Deveaux during Monday's preseason game in New York.
Sestito will forfeit $5,945.94.
The Flyers had waived Sestito Tuesday, but said that was their plan even before what happened Monday night. If he is not picked up, the Flyers intend to send him to AHL Adirondack.
Even before Sestito's punishment, NHL senior vice president of player safety Brendan Shanahan has doled out some big numbers -- six suspensions in six days, totaling 21 preseason games and 22 regular-season games.