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Rangers buy out Redden’s contract (Update: Gomez too)

Jan 17, 2013, 5:40 PM EDT

Wade Redden Rangers

After years of serving as an incredibly well-paid AHLer, Wade Redden will finally get a shot at redemption for his poor 2009-10 campaign.

The New York Rangers have used one of their compliance buyouts on Wade Redden, which opens the door for him to sign with any team in the NHL, according to ESPN’s Katie Strang.

It initially looked like the Rangers were simply going to ask Redden to sit out the season so that they could buy out his contract over the summer. However, the NHLPA and NHL reached an agreement which opened the door for the Rangers to buy out the deal before the start of the season.

Redden’s $6.5 million annual cap hit will still be charged to New York this season, but they will be spared it for the 2013-14 campaign.

The 35-year-old defenseman has been great for the most part in the minors, but he wasn’t allowed to play in the AHL during the lockout. He also hasn’t participated in an NHL game since April 11, 2010.

Before signing with the New York Rangers, Redden was able to surpass the 35-point mark in eight consecutive seasons and he had gotten at least 40 points in four separate campaigns.

Updated: TSN and ESPN’s Pierre LeBrun reports that Scott Gomez has also been bought out. Gomez came with a $7,357,143 annual cap hit and was signed through 2013-14.

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