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 Stastny should give Note a jolt Over the weekend, St. Louis suffered an expected loss to one of the Eastern Conference’s bottom-feeders. Will Mike Yeo’s bunch regain its groove against the markedly...
Thumbnail Red-hot Florida faces off with Los Angeles Buoyed by the return of two key forwards, the Panthers have reeled off three consecutive victories. Can Los Angeles put an end to...
Thumbnail Two scorching squads meet on Long Island In recent weeks, the Rangers have cemented their reputation as the NHL’s most formidable road team. But can Alain Vigneault’s crew fend off a suitably...
Thumbnail Detroit enters dicey matchup vs. St. Louis The Blues are familiar with facing peril in 2016-17. Fortunately, they’re nowhere close to Detroit’s dire straits.
Thumbnail Rangers vs. Blue Jackets Prediction Will tonight's Rangers and Blue Jackets matchup be high-scoring for bettors when the two teams clash at 7:30PM ET?

NHL Team Pages