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Rangers buy out final 2 seasons of D Wade Redden's contract, making him free agent

Thursday, 01.17.2013 / 6:55 PM / News

The Canadian Press

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Rangers buy out final 2 seasons of D Wade Redden's contract, making him free agent

NEW YORK, N.Y. - The New York Rangers are buying out the final two seasons of disappointing defenceman Wade Redden's contract.

The Rangers made the move Thursday, one day after placing Redden on waivers. Now the 35-year-old Redden is an unrestricted free agent.

Redden has spent the past two seasons with Connecticut of the AHL after notching five goals and 35 assists in 156 regular-season games with the Rangers over two seasons after he signed a six-year, $39 million free-agent deal to leave Ottawa.

The accelerated compliance buyout, approved in the new labour deal, means Redden will earn a pro-rated $3.341 million for this season plus two-thirds of the $5 million he was set to earn next season.

In 994 career NHL games, the 35-year-old Redden has 106 goals and 344 assists.

Quote of the Day

I have been blessed to play for 16 years in the NHL; it has been an amazing ride. I would like to thank the Tampa Bay Lightning and New York Rangers organizations and owners for providing me the opportunity to play the sport I love for so many years. I could have never played for so long or accomplished all that I have without the unwavering love and support from my wife, Heather, our three sons, Ryan, Lucas, and Mason, and my parents.

— Martin St. Louis after announcing his retirement from the NHL on Thursday