NEW YORK (AP) - The New York Rangers are buying out the final two seasons of disappointing defenseman 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 labor 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.

Top NHL Public Bets

NHL Top Stories

Thumbnail Penguins vs. Capitals Game 1 Pick Will the Washington Capitalsavoid another slow start to a series when they host the Pittsburgh Penguins...
Thumbnail Rangers vs. Senators Game 1 Pick Will the Ottawa Senators open their Eastern Conference semifinal with a win when they host the New York Rangers in Game 1 tonight at...
Thumbnail Oilers vs. Ducks Game 1 Pick Will the Anaheim Ducksstay perfect in the NHL Playoffswhen they host the Edmonton Oilers...
Thumbnail Wild vs. Blues Game 1 Pick The second round of the NHL Playoffs begin today when the St. Louis Blues host the Nashville Predators in Game 1 of their series...
Thumbnail Updated Stanley Cup Odds The Stanley Cup Playoffs are down to their final eight teams. Here is an updated look at the odds to claim the Cup as we enter the...

NHL Team Pages