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. Ward’s agent makes it (very) clear that Washington is his first choice

    May 27, 2015, 11:20 AM EDT

    New York Rangers v Washington Capitals - Game Six Getty Images

    “Our door is open for the Capitals, absolutely first and foremost.”

  2. ‘Very quiet’ on Derek Roy-Edmonton front, says agent

    May 27, 2015, 11:19 AM EDT

    Edmonton Oilers v Pittsburgh Penguins Getty Images

    Veteran center enjoyed something of a career revival with the Oilers last season.

  3. Blackhawks’ Teravainen: ‘I’m living my dream’

    May 27, 2015, 10:33 AM EDT

    Chicago Blackhawks v Anaheim Ducks - Game Five Getty Images

    Chicago fans are hoping that dream includes a Game 6 win.

  4. So much for Rick Nash’s slump

    May 27, 2015, 9:35 AM EDT

    150527-Rick-Nash Getty Images

    Give some credit to his linemates, including “energizer bunny” J.T. Miller.

  5. Video: Lundqvist helps lead Rangers back to New York for Game 7

    May 27, 2015, 12:59 AM EDT

    Henrik Lundqvist Getty Images

    Almost completely shut the door through two periods.

  6. TVR time? Quenneville hints at changes on defense for Game 6

    May 26, 2015, 10:29 PM EDT

    Getty Images

    Timonen is averaging under 10 minutes of ice time per game in playoffs.

  7. Video: Lundqvist stones Stamkos with left-pad save

    May 26, 2015, 9:16 PM EDT

    Getty Images

    New York scored to make it 2-0 soon after that.

  8. Video: Brassard opens scoring for Rangers in Game 6

    May 26, 2015, 8:52 PM EDT

    AP

    New York needs the win to force Game 7.

  9. No NHL-first offer has been made for Seattle arena, says Hansen

    May 26, 2015, 8:13 PM EDT

    Chris Hansen AP

    “We’ve had a lot of informal discussions with people about this, but us or the city have yet to be presented with any kind of offer.”

  10. Holland to meet with Blashill this week, hasn’t expanded candidate list

    May 26, 2015, 6:29 PM EDT

    Colorado Avalanche v Detroit Red Wings Getty Images

    “I’ve had some people reach out to me,” the Red Wings GM said.

  11. Hitch has ‘unfinished business’ with the Blues

    May 26, 2015, 5:24 PM EDT

    Ken Hitchcock AP

    Meanwhile, GM Doug Armstrong says, “Show me a well-liked coach, and I’ll show you a losing coach.”

  12. Wild reporter pegs Dubnyk deal at ‘well north of $3 million per’

    May 26, 2015, 4:31 PM EDT

    Devan Dubnyk AP

    Michael Russo of the StarTribune being the reporter.

  13. Bob Clarke really doesn’t care for tanking

    May 26, 2015, 3:55 PM EDT

    2011 NHL Entry Draft - Rounds 2-7 2011 NHL Entry Draft - Rounds 2-7

    “The Flyers have never intentionally tried to lose. That would put a foul taste in my mouth. “

Featured video

End of an era coming for Blackhawks?
Top 10 NHL Player Searches
  1. M. Zuccarello (3519)
  2. H. Lundqvist (2356)
  3. S. Stamkos (2062)
  4. B. Bishop (1629)
  5. R. Nash (1552)
  1. M. Carle (1540)
  2. M. Babcock (1470)
  3. M. Beleskey (1415)
  4. K. Yandle (1312)
  5. N. Horton (1291)