Thread: Salary Cap: $64.3M Upper Limit for '11-'12
View Single Post
05-29-2011, 06:21 AM
RangerBoy's Avatar
Join Date: Mar 2002
Location: New York
Country: United States
Posts: 32,801
vCash: 500
Redden spoke to Bruce Berlet last week

Then there’s Redden, a major help to the Whale as a leader and mentor for a young defensive corps, especially Ryan McDonagh, who spent the second half of the season with the Rangers, Tomas Kundratek and Jyri Niemi before being paired with Nightingale. Redden, 34, was sent to Hartford to eliminate his $6.5 million salary cap hit on the Rangers. He hopes to get another shot at the NHL after seemingly discovering the fountain of youth down the stretch, but it’s only one of several options. He could remain with the organization and likely return to Hartford, take a buyout from the Rangers for the $16.5 million left on his contract or forfeit the remainder of his deal and look for work elsewhere. Redden, who moved to British Columbia this week for the summer, said Wednesday that he preferred to stay in North America rather than go to Europe.

Redden is back on the salary cap from July 1 until he’s waived again, and the cap is recalculated at the start of the season. The Rangers are highly unlikely to buy him out on June 15 and take a $1,833,333 cap hit next season and in 2014-15 and 2015-16 and a $3,333,333 hit in 2012-13 and 2013-14. So if Redden wants to go elsewhere, he could not report to camp, then his contract would be void and he’d be a free agent.

RangerBoy is offline   Reply With Quote