The New York Rangers on Thursday announced they had bought out the contract of defenseman Wade Redden.
Redden, 35, had been placed on waivers Wednesday, and once he cleared waivers Thursday, the team was able to buy out the remaining two years on the six-year, $39 million contract Redden signed in 2008.
The move makes Redden an unrestricted free agent, able to sign with any other team.
Redden had five goals and 40 points in 156 regular-season games with the Rangers, but had spent the last two seasons playing for the club's American Hockey League affiliate, the Connecticut Whale. Redden had not played this season.
In 13 NHL seasons with the Ottawa Senators and Rangers, Redden had 450 points in 994 regular-season games. A two-time NHL All-Star, Redden has scored at least 30 points nine times.
Redden was one of two big-name players who reportedly cleared waivers Thursday with the intention of having their contract bought out. Scott Gomez reportedly will have the last two years of his contract bought out by the Montreal Canadiens.
The NHL and the NHL Players' Association on Tuesday agreed on a change in compliance buyout rules, allowing teams to buy out player contracts prior to Saturday.
In the new Collective Bargaining Agreement agreed to recently by the NHL and the NHLPA, clubs were permitted two "compliance" buyouts to take place during the 2013 and/or 2014 offseasons in order to ease the transition to a lower salary cap.
The new agreement allows teams to use one of those compliance buyouts prior to the start of this season. However, the player's full salary for the 2012-13 season will count against the team's cap.
NHL.com is the official web site of the National Hockey League. NHL, the NHL Shield, the word mark and image of the Stanley Cup, the Stanley Cup Playoffs logo, the Stanley Cup Final logo, Center Ice name and logo, NHL Conference logos, NHL Winter Classic name, and The Biggest Assist Happens Off The Ice are registered trademarks and Vintage Hockey word mark and logo, The Game Lives Where You Do, NHL Winter Classic logo, NHL Heritage Classic name and logo, NHL Stadium Series name and logo, NHL All-Star logo, NHL Face-Off name and logo, NHL. TV, NHL Premium, NHL After Dark, NHL GameCenter, NHL GameCenter LIVE, NHL Network name and logo, NHL Tonight name and logo, On The Fly, NHL Awards name and logo, NHL Draft name and logo, Hockey Fights Cancer, Because It's The Cup, NHL Green name and logo, NHL Vault, Hockey Is For Everyone, NHL Thanksgiving Showdown name and logo, NHL Centennial Classic name and logo, NHL Centennial Season logo, NHL100 Classic name and logo, NHL Global Series name and logo, NHL China Games name and logo, and Don't Miss A Moment are trademarks of the National Hockey League. All NHL logos and marks and NHL team logos and marks depicted herein are the property of the NHL and the respective teams and may not be reproduced without the prior written consent of NHL Enterprises, L.P. © NHL 2018. All Rights Reserved. All NHL team jerseys customized with NHL players' names and numbers are officially licensed by the NHL and the NHLPA. The Zamboni word mark and configuration of the Zamboni ice resurfacing machine are registered trademarks of Frank J. Zamboni & Co., Inc. © Frank J. Zamboni & Co., Inc. 2018. All Rights Reserved. Any other third party trademarks or copyrights are property of their respective owners. All rights reserved.