Thread: Confirmed with Link: Rangers announce Chris Drury buyout
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06-26-2011, 04:47 AM
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Rangers announce Chris Drury buyout

The twists and turns over the couple of weeks since general manager Glen Sather first notified Chris Drury that the Rangers were preparing to buy out the final season of the captain's contract apparently are yet over, The Post has learned.

For after Drury suggested a week ago that he was going to apply for a designation of being medically unable to play next season because of a degenerative condition in his left knee, the captain is now leaning toward accepting a buyout, according to individuals familiar with the situation.

The deadline for buyouts is Thursday, but procedure dictates a player must be placed on, and go through, unconditional waivers after official notification of the intent to buy out. The Rangers would have to place Drury on waivers no later than Tuesday in order to comply with procedures.

If Drury does indeed accept the buyout rather than file for the medical exception, the Rangers would carry approximately $3.717 million of dead cap space on his deal through the summer and next season, a saving of approximately $3.333 million.

The club also would face a charge of approximately $1.667 million for 2012-13, pending a new CBA that could erase that obligation.
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Maybe Drury changes his mind again before Thursday

Last edited by RangerBoy: 06-29-2011 at 03:00 PM.
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