Note: Wade Redden Won’t Be A Ranger Again

In the NY Post, Larry Brooks writes that if there is no amnesty buyout in the new CBA, Wade Redden would be sent to Hartford and the Rangers would manage their team with $6.5 million in dead cap space.

Brooks writes “They are not adding him to the roster.”

The NHL’s offer to the players included a clause saying “we propose that to facilitate more trades and create increased flexibility in managing Cap Room, Clubs be allowed to allocate portions of a contract’s Cap charge (and related salary obligations) in the context of a Player Trade. This will facilitate additional Player movement and trades between teams as they manage their respective Caps and Payroll Range obligations.”

Read: How The Proposed Wade Redden Rule Would Impact The Rangers

Part of the NHL’s proposal included a clause that when explained, states “We are proposing that the salaries of minor league Players on NHL contracts (above a threshold of $105,000) be counted against a Club’s Cap. This provision is intended to prevent Clubs from “stashing” or assigning players to the minors (or any other professional league) for “Cap management” purposes. We are not proposing that any salary paid to minor league Players on NHL contracts be counted against the Players’ Share.”

At ESPN Insider, Craig Custance writes about how that rule, named by many as the Wade Redden rule, would impact the Rangers who would need to carry Redden’s cap hit on their roster for the final two years of his contract.

The NHL offer provides teams one year to transition to a lower salary cap so Redden could be on the Rangers roster this year, the Rangers are currently at $62 million and still need to sign Michael Del Zotto.

Custance writes that the issue would be after the season when Derek Stepan and Ryan McDonagh are both due raises, but the NHL proposal does try and curb how much players can make in their second contract.

The NHL proposal would allow the Rangers to be able to trade Redden but still absorb some of his cap hit.


Adam Rotter: I don’t worry about this and at worst, if the Rangers need to carry Redden this season, it will be another body to add for defensive depth. Overall though, I don’t see Redden every playing for the Rangers again. Either an amnesty buyout will occur, as it should to help teams in the transition period, or the Rangers will find someone willing to take him on to meet the salary floor and add a veteran on defense. Redden’s actual salary is down to $5 million per year over the final two years of the deal and defensemen are always at a premium. Something will be worked out and Redden won’t be a problem for the Rangers.

Buzz: Teams Were Interested in Wade Redden

According to Tim Wharnsby on Hockey Night in Canada, two teams looked into the idea of bringing in Wade Redden on re-entry waivers this season.

Wharnsby noted that Redden won’t get paid next season if there is a lockout, but he and Elliotte Friedman say that the next CBA may have a clause in it that prevents players like Redden from being sent to the minors.

If, like there was in 2005, an amnesty clause where teams can buy out a player without salary cap ramifications, Redden is likely to be the Rangers choice.