Report: New York Rangers permit Wade Redden to seek trade

Tim Polzer
Saturday January 12th, 2013

The Rangers have given defenseman Wade Redden's agent permission to speak to other NHL teams and arrange a trade, according to Larry Brooks of the New York Post.

Redden, who will not be invited to camp by the Rangers, has two years remaining on a six-year, $39 million deal and is not in the team's plans after playing the last two years in the minors. The previous collective bargaining agreement allowed the Rangers to keep his $6.5 million cap hit off the books by assigning him to the AHL. The new CBA, however, will not allow teams to hide big salaries -- after the first $900,000 -- in the minors, thus forcing the Rangers' hand.

Most potential trade partners are unlikely to want to take on all of Redden's big contract, possibly forcing the Rangers to pay a portion as part of a deal. Or the Rangers could let Redden sit, wait for the summer compliance period and buy him out.

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