Skip to content

What will the Rangers do with Wade Redden?

Jan 10, 2013, 10:47 AM EDT

Wade Redden Rangers

New York Rangers defenseman Wade Redden has two years remaining on his six-year, $39 million deal — a $6.5 million cap hit annually.

The problem, of course, is that Redden hasn’t played for the Rangers in two years.

Instead, he’s been banished to the AHL, where — under the previous collective bargaining agreement — New York was able to retain him while also getting his cap hit off the books.

But under the new CBA, the ol’ “stick ‘em in Connecticut!” cap circumvention play is out. Gone. Done. Never coming back.

TSN’s Bob McKenzie explains the Rangers now have three options for Redden moving forward, none of which are very appealing:

1) Stick him in the AHL and wait

The Rangers could continue letting Redden play for Connecticut, getting a minor cap hit haircut in the process:

Tere’s a provision in the new CBA that doesn’t allow the hiding of NHL contracts in the minors, save the first $900,000. 

[One plan] would be to send Redden to the AHL, absorb his $5 million-plus cap hit this season, which they have room for because teams can spend to $70M this season, and then use a compliance buyout this summer to erase the problem for next season.

The scary part here, of course, is if Redden gets hurt playing for the Whale. Teams can’t buy out injured players.

2) Trade him

The only way to eliminate the $6.5 million cap hit entirely would be to flip Redden to another club. That club, of course, would need to have both the available cap space and willingness to pay a guy that may go straight to the minors.

Since no team will likely offer this out of the goodness of its heart, it’s safe to assume the Rangers would have to pay a pretty penny just to get rid of Redden (with draft picks, or prospects.)

Would they want to do that with the compliance buyout just around the corner?

Note: The Rangers could, as has been pointed out in the comments section, try to move Redden by retaining a share of his salary/cap hit, one of the new wrinkles in the CBA. The Rangers could absorb up to 50 percent, but would be on the hook for two years.

3) Park him

From McKenzie:

The only other option for the Rangers is to take Redden’s cap hit this season but not play him. Not in New York. Not in the AHL. Not anywhere.

Put him in bubble wrap, cold storage and call it a year. Make sure his cheques show up on time and wait for the compliance buyout period this summer and cut all ties.

The NHLPA is expected to ratify the new CBA on Saturday and camps are set to open Sunday. The Rangers don’t have a ton of time to figure this out, but you can guess what the most likely option will be.

Latest Posts
  1. Nuge must ‘step up’ for Oilers, who are thin down the middle

    Sep 19, 2014, 1:21 PM EDT

    Ryan Nugent-Hopkins Getty Images

    “We have two NHL centermen right now,” said Dallas Eakins.

  2. Blues invite Ryan Whitney to camp

    Sep 19, 2014, 1:09 PM EDT

    whitneyryangetty Getty Images

    Just like they did last year.

  3. NHL GMs sympathize with Jackets on Johansen situation

    Sep 19, 2014, 12:31 PM EDT

    Davidson

    But most of them wouldn’t have gone public with the negotiations.

  4. In final contract year, Hartley unfazed by lack of new deal

    Sep 19, 2014, 11:59 AM EDT

    Bob Hartley AP

    What does his future hold in Calgary?

  5. Coyotes GM: We can’t ‘match up, No. 1 line to No. 1 line, with many teams in the West’

    Sep 19, 2014, 11:07 AM EDT

    Don Maloney AP

    “But maybe we can control the top lines and outperform the lower lines.”

  6. Ducks GM hoping ‘the kids’ can get it done in goal

    Sep 19, 2014, 10:56 AM EDT

    John Gibson Getty Images

    “I’m sure they’re up to the task.”

  7. Blue Jackets’ Dubinsky had equipment held hostage

    Sep 19, 2014, 10:23 AM EDT

    Brandon Dubinsky AP

    Understands what RFA Ryan Johansen is currently going through.

  8. Penguins unveil third jersey

    Sep 19, 2014, 9:47 AM EDT

    Screen Shot 2014-09-19 at 9.22.14 AM

    Going old school for upcoming season.

  9. Quenneville plans to start Richards between Saad and Kane in Chicago

    Sep 19, 2014, 8:46 AM EDT

    Joel Quenneville AP

    Hopes to find the right fit on his second line.

  10. Bordeleau (back) out about three months, others Avs limp into camp

    Sep 18, 2014, 11:00 PM EDT

    Colorado Avalanche v San Jose Sharks Getty Images

    Jamie McGinn and John Mitchell also rank among the already-wounded.

  11. Bruins GM on Krug, Smith: ‘They’re not going anywhere’

    Sep 18, 2014, 10:08 PM EDT

    Torey Krug, Patrice Bergeron, Justin Florek, Reilly Smith, Kevan Miller AP

    Peter Chiarelli also (kinda sorta) addressed Johnny Boychuk rumors.

  12. Ouch: Wild reportedly suspend Harding for ‘non-hockey injury’

    Sep 18, 2014, 10:07 PM EDT

    Josh Harding AP

    He won’t be paid or count against the cap while he’s injured.

  13. Selanne regrets harsh words toward Boudreau

    Sep 18, 2014, 8:45 PM EDT

    Los Angeles Kings v Anaheim Ducks - Game Seven Getty Images

    Maybe the English version of his book will be kinder?

Sign up for Fantasy hockey

Top 10 NHL Player Searches
  1. J. Quick (1365)
  2. S. Bennett (1290)
  3. A. Ovechkin (1119)
  4. B. Schenn (1095)
  5. K. Timonen (1075)