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Rangers place Wade Redden on waivers, free up $6.5 million cap hit

Sep 25, 2010, 10:31 AM EDT

Thumbnail image for waderedden1.jpgToday marks an interesting day for NHL transaction watchers as the freeze on placing players on waivers is lifted once again and the New York Rangers aren’t wasting any time. The Rangers announced today that they’ll be placing high-priced defenseman Wade Redden on waivers with the likelihood of having him sent down to the AHL to bury his $6.5 million cap hit in Hartford.

There’s no secret that Redden has struggled since signing with the Rangers before the 2008-2009 season and at a cap hit like he’s got, it’s tough to stomach having him play poorly. While Rangers GM Glen Sather made it a point to say that Redden could play his way into staying in New York this year, the salary cap logistics of that made it virtually impossible.

While it’s possible a team could claim Redden off of waivers, he’s got four years left on his contract. Any team taking that deal now would be paying him in full. There could be a chance that a team would take a chance on the 33 year-old defenseman if he was put through recall waivers where the Rangers would eat part of the cost, but with the Rangers currently more than  $4 million over the cap, the chances of him being recalled are virtually nil.

  1. Adam W - Sep 25, 2010 at 10:53 AM

    It’s about time. The Rangers need to get real and shed some more dead-weight – then change their management’s attitude.
    The players need to believe in themselves and outside of #30, I don’t see it.

  2. NYRFTW - Sep 25, 2010 at 12:43 PM

    It;s about time. Now we just need to get rid of Drury and Rosi to free up another 12 million. They need to stop signing old players and let everyone develop in their own system like most other teams in the league do. The league is now 18-27 years old with a few exceptions that’s what a salary cap does. The Rangers need to get with the program and add the young kids to the roster because in todays NHL they are no longer considered young kids at 18-20 they are just considered full time players. The years of sending someone to the AHL team for 3 years are over. That’s just wasting 3 seasons of a players career and that’s a lot now because teams really don’t want to even look at anyone over 30. Yeah there ae some exceptions but 30 is going to be the new 40 very soon if not already! You can let the 18-20 year olds play in the NHl now because every other team has their share of that same age range. It’s not like the pre cap era where the average age on a team was like 30+. 30 is old now and everyone just has to face that. There is no point to giving a player 30 or older a contract when someone 18-20 can have the same production or higher at a fraction of the price.

  3. StakeX - Sep 25, 2010 at 11:04 PM

    I’ll have to also say “Its about time”.
    Though NYRFTW I will have to disagree on at least Rosizal (spelling?) IF he manages to play the way he did the final 10 games of the season last year. He was more solid on the puck, and showed he can actually score when he wants to. Hes still very expensive at 5 mil, and weak on the puck… but if he plays to his potential hes livable. Drury I totally agree with… he would be a fine player for 2.5 a year, but at 7 mil hes a huge waste of cap space.

  4. NYRFTW - Sep 26, 2010 at 8:33 PM

    Rosi is his nickname.

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