In an interview with The Score, Wade Redden was asked about why things with the Rangers didn’t work after signing a six-year contract, that had a cap hit of $6.5 million per season, in July 2008.
Redden said that the pressure of a big contract caused him to feel as if he wasn’t doing enough and needed to contribute more which took him away from the things that made him successful in the NHL.
He added, “It wasn’t a good fit from early on, and they made a decision to make changes. I lived with that. It wasn’t a good fit, things didn’t work out, and I’ve moved on. I’m done there now, and am happy to have moved on.”
On his time with the Whale, Redden said that he approached the games in the AHL the same way by working hard, playing hard and being a good teammate.
Redden’s time with the Rangers officially ended last week when they bought out the remaining two years on his contract via an accelerated compliance buyout.
In a chat in the Columbus Dispatch, Aaron Portzline talked about how in 2008 the Columbus Blue Jackets were interested in Wade Redden and told him that money would not be an issue for them.
Redden ended up picking the Rangers and in response to being turned down, the next day the Blue Jackets, in search of defensemen, traded Nikolai Zherdev and Dan Fritsche to the Rangers for Fedor Tyutin and Christian Backman.
Portzline writes “Of all the bad luck this club has experienced, that was a huge “WHEW!” moment.”
Glen Sather said at the time that Zherdev was a player the Rangers had been looking at for some time and “the deal kind of fell into our laps.”
1:28PM: The Blues have announced that Wade Redden has agreed in principle to a one-year deal worth a pro-rated $800,000.
Blues GM Doug Armstrong said, “Wade is a solid two-way defenseman. We believe his experience will complement and add stability to our defensive core.”
6:45PM: The Rangers have officially announced the buyout of Redden.
5:22PM: According to Katie Strang, the Rangers accelerated buyout of Wade Redden has been completed and Redden is now no longer part of the Rangers organization.
Redden’s cap hit of $5.6 million stays on the cap for the Rangers this season but is NOT on the cap for next season.
Redden played two years with the Rangers and two years with the Whale. He had one more year left on his contract for next season.
In 2008-09, Redden had three goals and 26 assists in 81 games. He averaged 22:20 per game that season, was a minus five and had 99 hits and 98 blocked shots.
In 2009-10, Redden had two goals and 12 assists in 75 games. He averaged 17:31 per game and had 88 hits and 75 blocked shots.
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According to Frank Seravalli in the Philly Daily News, Wade Redden is someone who the Flyers may have interest in as they look to add depth on defense.
He writes that some rumors have Redden and his agent targeting a pro-rated deal of $1.5-$2 million for the season.
Redden will be bought out today by the Rangers.
12:32PM: In the Detroit Free Press, via KK, Helene St. James writes that the Red Wings have discussed the idea of bringing in Wade Redden.
Tom Renney is part of the Red Wings staff and he coached Redden with the Rangers in 2008-09 before being fired.
12:09PM: Pierre LeBrun notes that Scott Gomez is on waivers as well.
12:03PM: The Rangers have placed Wade Redden on waivers with the intention of using a compliance buyout on him.
The NHL is allowing teams to use one of their compliance buyouts before Saturday.
The Rangers will still be on the hook for Redden’s cap hit this season.
3:30PM: Elliotte Friedman writes that one benefit to the Rangers for using their buyout now is that it opens up a spot on their reserve/50 contract list.
3:27PM: Brooks says that Boston, Toronto, Florida and Ottawa have expressed some interest in Redden
2:51PM: Larry Brooks says that the Rangers still need to place Redden on waivers.
2:45PM: Bob McKenzie tweets that teams will save 1/3 of the players actual salary by buying them out, but they won’t get any cap benefit.
2:34PM: Nick Kypreos says that the first buyout window will start before the season and the second one will happen after the season. If a team buys out a player now, the cap hit only counts for this season.
2:31PM: Larry Brooks writes that the Rangers are being permitted to use one of their compliance buyouts now on Wade Redden.
They will still be stuck with his cap hit of $5.6 million this season, but will not be charged next season. The cap hit remains even if Redden signs with another team.
Brooks says that this option will be presented to every team.
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