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Buying Out Wade Redden: The Cap Hits

With the Rangers in dire salary cap straits, the need to alleviate pressure on the cap grows everyday. The biggest cry amongst fans has been to buyout Wade Redden, who's $6.5 million cap hit for the next four seasons is, to put it mildly, atrocious. The thought of buying out Redden is appealing, until you see what it would cost to buy him out. Per CapGeek, it is pricey, and lengthy:

Season Salary Buyout Savings Buyout Cap Hit
2010-2011 $6,500,000 $1,916,667 $4,583,333 $1,916,667
2011-2012 $6,500,000 $1,916,667 $4,583,333 $1,916,667
2012-2013 $6,500,000 $1,916,667 $3,083,333 $3,416,667
2013-2014 $6,500,000 $1,916,667 $3,083,333 $3,416,667
2014-2015 $0 $1,916,667 $-1,916,667 $1,916,667
2015-2016 $0 $1,916,667 $-1,916,667 $1,916,667
2016-2017 $0 $1,916,667 $-1,916,667 $1,916,667
2017-2018 $0 $1,916,667 $-1,916,667 $1,916,667

So if the Rangers were to buyout Redden, they would be paying him until the end of the 2017-2018 season. That's a full eight seasons of Wade Redden, as opposed to the four remaining. The buyout of Redden may not seem like much, but paying $2 million for someone that's not on the team for the next eight years isn't exactly ideal. Also, because of the structure of Redden's contract, that $2 million becomes $3.4 million for two seasons.

From a business standpoint and from a hockey operations standpoint, buying out Redden simply does not work because it is just too expensive. The only option that makes sense from a hockey operations sense is to demote Redden, but that is unlikely to happen due to varying reasons, especially when there may have been pressure to play him. The Rangers desperately need salary cap space, but it looks like it may have to come from another method.

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My heart sunk looking at those numbers.

by CrazyRangerFan on May 30, 2010 3:29 PM EDT reply actions  

if someone else signs him is there any relief in what he is paid by another team?

by Kmp on May 30, 2010 4:47 PM EDT reply actions  

No, it’s that full amount for the duration of the buyout period.

by Dave Shapiro on May 30, 2010 10:31 PM EDT up reply actions  

failing a drug test

would get him bounced…..someone should step up in the NYR organization, be a man, and lace Redden’s food with as many illegal drugs as possible. Liquid LSD has no taste, it won’t be detected….a nice cocktail of acid, cocaine, HGH, and steroids should be enough to get him banned forever.

Sather should threaten him with this instead of the minors, then Redden will be happy to work out a settlement and retire.

Prole art threat.

by greifi griffie on May 30, 2010 5:35 PM EDT reply actions  

lol

I thought of the same thing.

How about they buy him out, so he’s got the extra dough. Redden just looks like he does something. Maybe Sather’s got some connect? I know Avery does, maybe get some use out of Sean?

Pass em of to Redden, order the drug test…sabotage.

Sa da tey? OH, cole me down on the panny sty!

by FreeBradshaw on May 30, 2010 9:16 PM EDT up reply actions  

Current CBA does not have drug test suspensions.

by Dave Shapiro on May 30, 2010 10:31 PM EDT up reply actions  

Redden will never get bought out or banished to Hartford/Rochester

We need to just accept it. We are stuck with him for 4 more years. As far as being a serviceable NHL player, his time is done.

The problem is he has to get playing time because of his salary. The best we can hope is that Torts stands up to Sather and grows a set, and benches him permanently as a healthy scratch. Torts need to work the team like dogs in practice. There arent too many players that will take being a healthy scratch every night for 4 years while going through a grueling practice every day, without calling it quits somewhere in between.

Personally, I think we need Mike Keenan to do this job. Fire Torts and hire him solely for the purpose of running Redden into retirement. From what I remember, Keenans practices were relentless.

by jcuervo96 on May 30, 2010 7:13 PM EDT reply actions  

All that money they're paying

Redden, and in the photo he’s getting his ass kicked by a ham-and-egger like Pouliot!

Lead, follow, or get out of the way

by myrick4gm on May 30, 2010 8:28 PM EDT reply actions  

or he should be forced to do the human puck race until he drops dead.

by mike1967 on May 30, 2010 9:34 PM EDT reply actions  

You could always set up a Running Man-type contest for bad contracts. If they beat sub zero, they get to keep the contract, if not…it’s off the books.

by NTB on May 30, 2010 9:49 PM EDT reply actions  

For me personally what we are paying him is really painful, but his performance on the ice is even more painful. I can live with us paying him a lot of money, even for a long time but for gods sake get him the hell out of the lineup. If worst comes to worst make him the 7th defenseman who plays 1 min per game. Pay him to watch in the press box I don’t care but we need people willing to hit and clear henriks crease … something Redden will not do.

by NYR9320 on May 30, 2010 10:55 PM EDT via mobile reply actions  

Maybe he’s splitting his check with Sather???

by nyr121 on May 31, 2010 8:23 AM EDT reply actions  

I dont get it

I do understand that buying Redden out makes no sense, but I dont understand why Sather would not send him to the AHL.
 The way I look at it is this: Sather made a terrible decision in signing Redden (overpaid him and made an error in evaluating him as a player). The decision was made, it happened, so he should admit the mmistake and think of what he can do now to fix his mistake. By being too proud and not willing to send Redden to the AHL, all Sather is doing is just proving that he does not care about the Rangers but only about his image and reputation as a GM. He does not want to admit to making a mistake, but by not doing so his reputation only takes a bigger hit because he is not willing to put the team ahead of himself.

by MattPwrcf1 on May 31, 2010 9:53 AM EDT reply actions  

+1

i was seriously about to type that but u made my life easier lmao

LET'S GO RANGERS!!!

by Moshe52792 on May 31, 2010 9:54 AM EDT up reply actions  

What you're saying makes sense

But you’re kind of going in a circle there. Someone who only cares about his reputation rarely realizes when his reputation is taking a hit. To Sather, his reputation depends on how good he thinks it is, not how good it actually is. By not owning up to his mistake, he’s preserving his self made reputation, which is all that matters in the end.

"Mes que un club"
"You're a pro or you're a noob. That's life"

by Scratch and Snif on May 31, 2010 3:57 PM EDT up reply actions  

I have another article, which is linked in this post, why sending him to Hartford is unlikely.

by Dave Shapiro on May 31, 2010 5:34 PM EDT up reply actions  

haha --who would you rather have...NY Mets Oliver Perez or Wade Redden?

I was going to suggest the same thing :).—drugging Redden, that is

so who’s worse, the New York Mets’ Oliver Perez, or Wade Redden?—maybe they’re the same players in different sports? HAH

why won’t Sather demote Redden? Simple,Sather is an ego maniac, or haven’t you noticed?

sorry for posting another sports topic, but I just couldn’t resist.

"Fantasy, reality, science Fiction. Which is which? Who can tell?"

by feslenraster on May 31, 2010 12:09 PM EDT reply actions  

Perez is waaay worse

He doesnt even care, and even worse he has tons of talent.
Wade at least gives the effort even though he is clearly devoid of any hockey talent at this point.
I guess in a way we can say “We Are Lucky to Have Wade Redden”

by Ahmad Bradshaw on May 31, 2010 12:22 PM EDT up reply actions  

Wait what? effort on Redden’s part? Really? Thats definitely not what i’ve been seeing. I haven’t watched a baseball game since in 4 years, but if what Ahmad says is true, Perez is worse. A talented but lazy player is worse than a bad and lazy player.

"Mes que un club"
"You're a pro or you're a noob. That's life"

by Scratch and Snif on May 31, 2010 4:01 PM EDT up reply actions  

well compared to baseball, just skating through warmups is more effort than a baseball player does in a week

And yes, I do think Wade gives effort, I just think his talent has basically run out, and it sucks that Sather was stupid enough to not only give him 6.5m per year, but also give him six fucking years

by Ahmad Bradshaw on May 31, 2010 4:23 PM EDT up reply actions  

perez is much worse lmfao

LET'S GO RANGERS!!!

by Moshe52792 on May 31, 2010 4:41 PM EDT up reply actions  

It kind of scares me that Redden’s talent ran out in his late twenties. Either he ages very quickly, or its due to his incredible LAZINESS.

"Mes que un club"
"You're a pro or you're a noob. That's life"

by Scratch and Snif on May 31, 2010 11:36 PM EDT up reply actions  

about redden..

face it ranger fans we are stuck with reddens contract but also drury and rosival i doubt bob gainey will be stupid enough to take redden off our hands like he did with gomez thanks alot slats ..

lohaus #54

by lohaus#54 on May 31, 2010 1:22 PM EDT reply actions  

rozy's really is not horrible.

id say on the open market he could fetch 3-4m for sure so hes not worthless

by Ahmad Bradshaw on May 31, 2010 2:33 PM EDT up reply actions  

He’s not horrible, but he’d almost never get 3mil. Only a team that is DESPERATE DESPERATE DESPERATE and DESPERATE would cough up that much for him.

"Mes que un club"
"You're a pro or you're a noob. That's life"

by Scratch and Snif on May 31, 2010 4:03 PM EDT up reply actions  

yeah i was about to bring him up

id say rozi would get 2.5-3

LET'S GO RANGERS!!!

by Moshe52792 on May 31, 2010 4:41 PM EDT up reply actions  

Is morris really as useless as Rozy? he seemed good in the detroit series.

"Mes que un club"
"You're a pro or you're a noob. That's life"

by Scratch and Snif on May 31, 2010 11:40 PM EDT up reply actions  

I've said it more than enough

but ill say it again. Bury him in the AHL. If Sather buys him out, it would be almost as big of a mistake as the original signing.

Blueshirt Banter: Covering the New York Rangers the only NHL team with three home arenas.

"We can trade Lisin for a gun, then hold it to Drury’s head and make him waive the no-movement clause" - XLII

by Joe Fortunato on May 31, 2010 4:10 PM EDT reply actions  

It would be a pretty damn big mistake. You’d still be paying part of Redden’s salary well into Grachev and Anisimov’s primes, plus whoever else you’ve got coming through the pipeline. It counts against your hit and you’re getting absolutely nothing out of it.

Only YOU can prevent idiots from commenting!

by Knee high to a duck on May 31, 2010 4:27 PM EDT up reply actions  

I know this is probably the best option, but aren’t there rules about how many players with a certain salary can play for an AHL team? How possible is it that Redden is sent to Hartford and it complies with the rules????

by CrazyRangerFan on May 31, 2010 4:38 PM EDT up reply actions  

you can only have 5 players with (I think) 100 NHL games in the AHL:

Redden would fill one of those slots for the next 4 years

Blueshirt Banter: Covering the New York Rangers the only NHL team with three home arenas.

"We can trade Lisin for a gun, then hold it to Drury’s head and make him waive the no-movement clause" - XLII

by Joe Fortunato on May 31, 2010 7:01 PM EDT up reply actions  

unless of course he retires lol :)

by CrazyRangerFan on May 31, 2010 8:13 PM EDT up reply actions  

It’s five dressed skaters per game. Currently, the Wolfpack have six players that hit this threshold (Anders Eriksson, Donald Brashear, P.A. Parenteau, Derek Couture, Brent Henley, Corey Locke). In addition, the following four players will reach that threshold next year: Brodie Dupont, Jared Nightingale, Dane Byers, Ryan Garlock. That brings the total to ten players hitting this threshold for next year.

http://www.blueseatblogs.com/2010/03/24/what-if-redden-gets-demoted/

by Dave Shapiro on Jun 1, 2010 10:15 AM EDT up reply actions  

Redden

While I think buying him out would be silly given how long it’s still left on his deal and how much money … I don’t think it’s out of the question that he’ll be demoted to the minors … why? Because Tortorella really doesn’t like him and although I feel it was out of Tortorella’s hands to play him this season he was the one guy whom Torts didn’t give any sort of vote of confidence during break-up day … he in fact said he didn’t want to talk about him … the only other guys he didn’t talk about were the UFA’s whom are highly unlikely to return to the team …

I think that Glen Sather has tried to save face on the Redden signing but two years in, going on a third, and it’s been a complete disaster … Redden isn’t our best defensive D, he isn’t even our 4th best offensive D … he plays on the 3rd pair because there was no choice … I think although most teams do not like waiving players with a lot of years and $$ left that will be a serious possibility if there aren’t any trade takers for him … Washington bit the bullet and waived Nylander when it didn’t work out so why can’t the Rangers waive Redden?

Going into this off-season he said the exact same crap he spewed last summer that he had to be better, that he didn’t play up to his standards, blah blah blah … I tried to give him the benefit of the doubt this season but he showed that either he cannot do it or he won’t do it … the Rangers need the cap space, waive him!

by Claudia Matty Pepin on May 31, 2010 5:10 PM EDT reply actions  

I stil want the trade of Lisin for the gun

just make it a Colt and put it Redden’s sack (wait, his wife has those…Damn.) Okay, let Sather hurry up and stuff him in the minors…PLEASE???

I Am HockeyMan!!

"When I tap my stick like this (thump, thump, thump), put the puck on the tape, and I'll take care of things." Jaromir Jagr, for Bud Light.

by Danz10 on May 31, 2010 7:24 PM EDT reply actions  

wow. I had already forgotten that we had lisin. We should use him to move up in the draft or get a 3rd rounder.

"Mes que un club"
"You're a pro or you're a noob. That's life"

by Scratch and Snif on May 31, 2010 11:41 PM EDT up reply actions  

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