Blog Entry

Money vs. ego

Posted on: September 27, 2010 3:49 pm

That’s what it comes down to now for Wade Redden. The Rangers defenseman cleared waivers at noon and was assigned to their AHL team in Hartford, but whether he’ll report and potentially spend the balance of the four-year contract he has with New York is still unclear.

What is certain is that he is done with the Rangers and maybe even the NHL, although Redden is only 33 and was considered one of the league’s top rearguards not that many years ago.

But the veteran’s career has been in something of a free fall since the Ottawa Senators made the fateful decision to keep him instead of Zdeno Chara in 2006. His play slipped noticeably in the aftermath and the Senators wanted Redden to take a steep pay cut when his contract expired two years later. Instead, Redden jumped to New York where he got what now seems (then too actually) like him a ridiculous deal for $39 million over six years.

With only five goals in two seasons, and weak play in his own end, Redden has in essence bombed in New York, although the rest of the team has been no great shakes during his time there either. But the Rangers can’t get rid of the defenseman him easily because there is so much term and money left on his deal.  And more important, his cap hit of $6.5 million is crushing for someone who hasn’t been a top two defenseman since the lockout.

Fortunately for the Rangers, the parent company has enough deep pockets to bury Redden’s cap hit. They’ll pay him his full contract in the minors, but it won’t count against their cap which is what really matters to the organization.

If New York does work out a deal to move Redden, it will put Redden on waivers again and end up on the hook for only half his salary for the rest of the contract. Or the Rangers could buy him out and have the reduced amount count against the cap for a few extra years. Whatever happens, he won't starve.
In the meantime, the New York Post says the Rangers have given his agent permission to seek a landing spot in Europe for Redden. New York will pay him just the same if he’s loaned to a European club, but the playing seasons are much  shorter and not as taxing on the body.

Of course Redden has to report to Hartford and spend his foreseable future riding the buses and play three games in three nights. There has been speculation that Redden won't go to the minors at this stage of his career, a decision that would nullify his contract and make him a free agent. That could make it easier for Redden to catch on with an NHL team, albeit at much reduced price.

Pride has a price and maybe one that's worth it to Redden. It better with $23 million still owed him by the Rangers.

Category: NHL

Since: Sep 29, 2010
Posted on: September 29, 2010 6:12 pm

Money vs. ego

It was well known in the Ottawa region that Redden became a coke head in his later years there which would certainly explain the freefall in his play.

Since: Feb 3, 2009
Posted on: September 29, 2010 4:55 pm

Money vs. ego

Vigilante,  Sather would likely only take him if he could renegotiate wiht Souray in order to pay him more money for a longer term.  As it stands right now, Souray actually has more talent and doesn't make enough money to be on sather's radar.

Since: Aug 25, 2009
Posted on: September 29, 2010 4:16 pm

Money vs. ego

Someone needs to tell Sather the Oilers have an overpriced / under performing D man to take his place. 

Souray needs a new home and that contract is tailor made for Glen Sather

Since: Feb 3, 2009
Posted on: September 29, 2010 12:43 pm

Money vs. ego

I'll never understand why Redden is the one who's getting crucified over this.  EVERYONE, including redden, knew that he wasn't worth this contract, but i'd seriously question his sanity if he said no to that much money.  If Redden gets tossed aside for this contract, then how in the heck is the dumba$$ who gave it to him, when everyone knew it was crazy, still employed.  Sather is still living off of his success in edmonton, despite the fact that he is BY FAR the worst gm in the league, he'll never be out of work cuz people will point to his success with the oilers dynasty as a reason to give him a job.  In my books, sather is now right up there with Al Davis as the WORST exec in all of pro sports, neither one has a clue how to actually build a team.

Since: Sep 28, 2010
Posted on: September 28, 2010 10:03 pm

Money vs. ego

Whatever decision Wade makes about his future, he will always be known as a class act.

Since: Feb 4, 2008
Posted on: September 28, 2010 10:37 am

Money vs. ego

HAHAHA and your also paying BOOGARD 1.5! sure he can fight but the guys is a PLUG

Since: Sep 1, 2006
Posted on: September 28, 2010 10:05 am

Money vs. ego

this is all on Sather, his play was declining in Ottawa yet Sather gave him a ridiculous contract, Dolan is an idion for keeping him

Since: Sep 19, 2007
Posted on: September 28, 2010 7:30 am

Money vs. ego

"...sather brags..."

That's the saddest footnote of this story. 

Since: Sep 18, 2007
Posted on: September 27, 2010 10:46 pm

Money vs. ego

ok..let the bum go..but how do u not sign john scott in offseason..then let semenov go.note to rangers..boogard cant stop opposing players from standing in front of lundqvist..that jub is for a big tough defenseman..scott...semenov..and sather brags that all dmen are over 6 ft..they are all soft..eminger..gilroy..are u serious+...ive been sending them messages..u need a big defenseman aka beukeboom..but one for save henrik..sather is clueless..yet dolan is a rich lowlife..its easy to improve this team...simple answer...but get gilroy and eminger..yay..they both arent good enough to play in hartford

Since: Apr 3, 2009
Posted on: September 27, 2010 9:58 pm

Money vs. ego


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