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.
At ESPN.com, Pierre LeBrun caught up with Wade Redden who said that he has a “sour taste” in his mouth from how things with the Rangers turned out.
Redden said that he enjoyed his time in Hartford but that his goal is to return to the NHL.
He added that in the future he hopes that the new CBA will either make it harder to send players with big contracts down to the minors or to make it easier for teams to move those players and give them another chance to play in the NHL.
Redden could sign with the Whale but risks suspension without NHL pay if he gets injured down there before the season starts.
In the Ottawa Sun, Bruce Garrioch writes that Wade Redden, who hasn’t been a Ranger in two seasons, will be impacted by the lockout.
Garrioch writes “The New York Rangers defenceman, assigned to the club’s AHL affiliate in Hartford in September 2010, is expected to be among those players blocked from going to training camp when the lockout takes effect Saturday at 11:59 p.m.”
He adds “It’ll be a money-saving move by the Rangers. Redden, 35, is scheduled to make $5 million this season with a salary-cap hit of $6.5 million on a deal that doesn’t expire until the end of the 2013-14 season.”
Last season Redden wasn’t invited to Rangers training camp because if he suffered an injury his salary would count against the cap. (That is what happened to Chad Kolarik)
Redden served as captain of the Whale last season.
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.
According to Bruce Berlet at Howlings, the reason why Wade Redden wasn’t invited to training camp was because if he got injured his salary would count against the salary cap.
He also says that John Tortorella told him early in the summer that he didn’t fit into the Rangers plans.
Redden says that he is more comfortable being in Hartford this season and just wants to be a leader:
“I’m more settled, and I want to help these guys. I remember guys who helped me. I obviously want to take care of myself first, but I want to be there to help my teammates.
He said that he didn’t think he could opt out of his contract and play for less money under the current CBA.
It is nice for him to embrace that role and he could have a big impact on Tim Erixon, if he is sent down, just like he did with Ryan McDonagh.
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Bob McKenzie tweets that Wade Redden has been placed on waivers.
Redden was not invited t0 the Rangers training camp and instead was reporting to Hartford.
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Pavel Valentenko also needs to clear waivers before he can be assigned to the Whale.
At CBC, Elliotte Friedman writes that the best chance for Wade Redden to return to the NHL will be with a possible amnesty buyout clause that may come with the new CBA.
The Rangers used the buy out clause to buy out the final two years of Bobby Holik’s five-year deal worth $45 million.
After the 24% roll back Holik would have had a cap hit of $6.726 million.
The absolute best part of this article from the New York Times on the Rangers buying out Holik is that on the same day they did they also signed Henrik Lundqvist.
I will never forget the day that the Rangers signed Holik and never forget how little I cared when they bought him out. I hope that the Rangers do this if they have the chance. It would save them actual money and it would give Wade the chance to play again. I like that he is accepting his move to Hartford so well for this season, and that he can be a leader down there again, but I hope that he gets another shot at the NHL with another team.
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