Ultimately it makes sense. It kind of sucks for Drury but he went downhill hard these past couple of years and has had a hell of a time staying healthy recently. At this point, he's a 4th line player taking up way too much cap space...at least buying him out creates some more wiggle room for the team to improve itself, even if they have to take part of the hit in the 2012 season as well
I hope some team can find a place for Drury at a reasonable price, but he's just hurting more than helping now with the size of his contract
Drury and Gomez were among the worst contracts in the history of the Rangers, I saw this coming the day Sather signed them both.
I also see him trading or buying out Gaborik sooner than later.
Brad Richards will be a Ranger on July 2nd latest!!!
I doubt he buys out Gaborik unless Gaborik decides that his play last season is going to be his normal mode of play.
Sather at least got Gaborik to a fairly reasonable contract considering his goal scoring ability and age at the time. It's not like Gaborik will be in his mid-late 30's when his contract is expiring. If he returns to form (and we know he can play well and score a lot in NY without a lot of help, since he did it in his first year) then he's getting paid pretty appropriately.
Buying out Drudy could actually make sense, because based on Drury's play last season, Rangers would be able to find better player for his role for less than 3 million and thus actually save cap space.
Drury's cap hit for next season would be 7.050 million, while, taking into account that the contract is frontloaded, buyout cap hit is 3,716,667. By buing out Drury Rangers therefore gain 3.3 million cap space, but they will need a player to replace Drury. Since Drury was playing practically on 3rd or 4th liner level, replacement should cost less than 3 million and give Rangers a bit additional cap space
And then he signs with the Blues! I still think he could be a good veteran presence with strong leadership on a young team. Potential steal of the off season. Sign Langenbrunner too and we're set with leadership and play-off experience. Get'er done Army!
The smart thing to do would be to wait until they know they can actually used the cap space for something worthwhile before buying out Drury.
But I'm not sure whether the Rangers have the flexibility to do that with Redden's contract accounting for the usual 10% margin that teams are able to be over the cap during the summer.
Perhaps someone who has crunched the numbers can confirm: do the Rangers have the cap space to be able to sign Richards and then buy out Drury, or will they need to do the buy out before they can make any moves?
^^^ Unless they can trade for Richards' rights, they have to make the decision about buying out Drury, Wolski, etc, before July 1st, and therefor before they can sign Richards. The buyout period is only June 15th to June 30th.
Originally Posted by Go Wings
Why bother he only has 1 season left on his contract. He's an idea be patient for once Sather.
Cap space to sign Richards, to be honest. Or if not Richards, theoretically to make space to trade for someone (but I'd bet on Richards being their #1 target).
The 2012-2013 cap hit is about $1.67 mill, so about the same price as Boogaard's contract would have been, so just pretend Boogaard came back to provide the team some moral support in that year.
Originally Posted by Green Men Rule
The Rangers are the kings of bad contracts....
When will Redden be bought out?
The Rangers can have Brad Richards, they don't seem to have much to go with him.
Doesn't make sense to buy out Redden. Too many years left, spreads the cap hit out too much for too much money. They'll just keep him in the AHL. There's a possibility that Redden agrees to terminate his contract with the Rangers so that he has a chance to play in the NHL again, but as long as he's with the Rangers he has no chance at all of ever returning to the NHL until that contract is up.
The Rangers have Gaborik to play with Richards. They're thin on 1st line LW's but have enough "good" players that someone like Dubinsky could likely step in and do a good job. Plenty of other guys are good 2nd liners, etc. Richards solves a pretty huge problem for the Rangers, which is why people are very keen on them signing him.