Posted January 17, 2013 on
AP on Fox
The New York Rangers are buying out the final two seasons of disappointing defenseman Wade Redden's contract.
The Rangers made the move Thursday, one day after placing Redden on waivers. Now the 35-year-old Redden is an unrestricted free agent.
Redden has spent the past two seasons with Connecticut of the AHL after notching five goals and 35 assists in 156 regular-season games with the Rangers over two seasons after he signed a six-year, $39 million free-agent deal to leave Ottawa.
The accelerated compliance buyout, approved in the new labor deal, means Redden will earn a pro-rated $3.341 million for this season plus two-thirds of the $5 million he was set to earn next season.
In 994 career NHL games, the 35-year-old Redden has 106 goals and 344 assists.
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AROUND THE WEB
New York Rangers President and General Manager Glen Sather announced today that the club has bought out the contract of defenseman Wade Redden. Redden, 35, registered five goals and 35 assists for 40 points, along with 78 penalty minutes in 156 regular season games over two seasons with the Rangers. In addition, Redden tallied two [...]
The New York Rangers announced yesterday that they have bought out Wade Redden. The Rangers will still be charged Redden's $5.6 million cap hit this season.
Redden is now a UFA and can sign with any team.
Multiple teams considering options on both. LA, STL, TOR, FLA among those kicking tires on Redden, ANA and CAR among those considering Gomez
— Bob McKenzie ...
Defenseman Wade Redden agreed to a one-year, $800,000 contract with the St. Louis Blues on Friday. Earlier this week, Redden was waived and had his contract bought out by the New York Rangers. "Wade is a solid two-way defenseman," general manager Doug Armstrong said in a statement. "We believe his experience will complement and add stability to our defensive core...
ST. LOUIS St. Louis Blues Executive Vice President and General Manager Doug Armstrong announced the club has reached a deal, in principal, with defenseman Wade Redden today. Terms of the contract are for one-year and 800,000.
"Wade is a solid two-way defenseman," said Armstrong. "We believe his experience will complement and add stability to our defensive core."...
The New York Islanders have already spent the last week or so adding everyone else's scrap bits, claiming three players off of waivers with Tim Conolly being reported as a fourth. With Wade Redden having officially been bought out by the Rangers, he is free to negotiate - and sign - with other NHL teams. And a very curious addition has been made to the Islanders official website...
Days after being waived and bought out by the New York Rangers, defenseman Wade Redden has found a new home in the National Hockey League. Redden agreed to a deal Friday with the St. Louis Blues, a one-year, $800,000 contract. "Wade is a solid two-way defenseman," general manager Doug Armstrong said in a statement released by the team. "We believe his experience...
Paul already posted this in KK hockey, but it's worth repeating for TMR readers: the New York Rangers have placed Wade Redden on waivers with the intention of buying his contract out, and as the Detroit Red Wings must avail themselves of all their options to attempt to bolster their defense, the Free Press's Helene St. James reports that the Wings are at least considering...
Will make this blog a short one and hope to get a season preview up before tomorrow's game, real life/work permitting.
In a move that surprised no one, Wade Redden passed through waivers and was bought out. The end result of that move is that the Rangers have an additional $5.6 million in dead cap space to go along with the $1.6 million from Chris Drury's buyout...
According to Helene St. James of the Detroit Free Press, the Red Wings are going to kick the tires on soon-to-be-free agent Wade Redden.
The New York Rangers have put the defenseman on waivers with the intention of buying him out before the season starts this weekend.
With the legendary Nicklas Lidstrom retiring after 20 seasons and with Brad Stuart moving onto the San Jose Sharks...
The Detroit Red Wings, fresh off an offseason which saw the team lose two steady defenders in Nicklas Lidstrom and Brad Stuart, might have identified the blue line as their biggest area of need for an upgrade quickly this season.
In recent months, flashy back end names such as Keith Yandle, Jay Bouwmeester and Zach Bogosian have come up in rumors. Each one of those defenders, however...
Bergen Record - Blues sign former Rangers D Wade Redden
New York Post - Rangers ready for reunion with Lord Stanley
New York Post - Rangers top NHL power rankings
New York Post - Kreider’s debut a real homecoming
New York Post - Set to chase down elusive Cup
Daily News - Bruins game a homecoming for former Boston College standouts Boyle, Kreider
Really smart pickup by Armstrong and Hitchcock....more to come.
Bergen Record - Rangers play for now
Bergen Record - Rangers notes: End of Wade Redden error
New York Post - Rangers hoping Mike Rupp can replace battler Prust
Daily News - Rangers seek cap relief by unloading Redden
Newsday - Rangers ready to waive Wade Redden
Newsday - Rick Nash prepared for high expectations
Newsday - Rangers will win the Cup, says Strat...
Hi...Short blog for today. Sorry.
I have a valid excuse. I got carried away with fantasy hockey leagues tonight. It got so bad that my wife, in protest, started playing Whitney Houston songs really, really loud to punish me for the six-hours straight of drafting. Celine Dion; Whitney Houston; Mariah Carey - I hate that type of "music". A bunch of screaming for no reason...
As I was working on my 2013 Blues Preview on Tuesday, I noticed that there was sudden chatter over an agreement between the NHL and NHLPA regarding compliance buyouts and the situations involving Wade Redden and Scott Gomez. Instead of both guys being sent home for the season but getting paid in full so that their respective teams could buy them out at seasonâs end, now both...