Saturday, September 25, 2010

Redden Will Be Placed On Waivers Today

Larry Brooks is reporting that Wade Redden will be placed on waivers at noon today.

In July I speculated along with many others that it looked like Glen Sather had created a situation in New York where Redden would have to be sent to Hartford. At the same time, even though I was writing that it looked likely, I wasn't 100% sold on the theory that Sather was going to do that. My stance was, "I'll believe it when I see it!" Well, according to Brooks, it looks like today I might just see it.

It's highly unlikely that any other team will make a waiver claim for Redden. Redden, who turned 33 this summer, has four years left on his contract, with a cap hit of $6.5M per season. The Rangers could've bought Redden out of his contract earlier this summer but that would have meant that $2.17M would count against their salary cap for the next eight seasons. So, it seems like Sather has decided to bury Redden in the AHL.

From Ranger Rants

Redden told Rangers general manager Glen Sather he would consider his options over the next few days. However, Redden must report to Hartford (AHL) in order to collect his Rangers’ salary and Sather said Redden would be allowed to play for the Wolf Pack. Redden, whose wife just gave birth to the couple’s first child this week, could also decide to continue his career overseas and the Rangers could wind up splitting the difference of his contract.
In my opinion Redden will not be heading to Europe. I don't know how much he wants to play in the AHL at this point in his life, but at the same time it's going to be hard to turn down $23M in guaranteed money.

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