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.