Wade Redden bought out (1/18: Signs with STL [$1M])
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01-18-2013, 10:24 AM
HOPE & CHANGE
Join Date: Mar 2002
Location: New York
This Redden stuff is too much.
Did teams see Redden play in the last few years? Redden hasn't been very good since the NHL changed the rules after the 2nd lockout. Bryan Murray signed him to a 2 year extension and then spent the next two years trying to trade him but couldn't because of a no trade clause. Then Sather came along with his good buddy Don Meehan. Somehow Redden was worth the same $6.5M Ottawa gave him times six. Remember in the movie Goodfellas when Henry Hill and Jimmy Burke pulled off the Lufthansa heist. The Redden contract was the biggest heist in the state of NY since the Lufthansa heist. $16M the first two years. $13M the next 2 which were spent in the AHL with no escrow. The last two were $10M. Redden got $1M of the $5M this season last summer as a signing bonus. Pro-rated $4 is $2M and change. The remaining $5M is $3,333,333 with the amnesty buyout.
The way people talk about this guy.
Amazingly, word is making its way through the rumor mill that despite his client’s lack of high-level activity, agent Don Meehan of Newport Sports will be seeking somewhere around (a prorated) $1.5 million or $2 million for this season. That’s a steep price.
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