The two-week NHL buyout period began on June 15, and it began with much speculation circulating around the New York Rangers as to some of the big names on their roster. The three main targets seem to be Wade Redden, Michal Rozsival and Aaron Voros; but they are not the only ones who are under the spotlight.
From a Rangers perspective, buying out Redden seems to be unlikely since the buyout punishment would hurt the Rangers long term. Let's take a peek at what Dave from Blueshirt Banter has to say about this:
With the Rangers in dire salary cap straits, the need to alleviate pressure on the cap grows everyday. The biggest cry amongst fans has been to buyout Wade Redden, who's $6.5 million cap hit for the next four seasons is, to put it mildly, atrocious. The thought of buying out Redden is appealing, until you see what it would cost to buy him out. Per CapGeek, it is pricey, and lengthy:
Season Salary Buyout Savings Buyout Cap Hit 2010-2011 $6,500,000 $1,916,667 $4,583,333 $1,916,667 2011-2012 $6,500,000 $1,916,667 $4,583,333 $1,916,667 2012-2013 $6,500,000 $1,916,667 $3,083,333 $3,416,667 2013-2014 $6,500,000 $1,916,667 $3,083,333 $3,416,667 2014-2015 $0 $1,916,667 $-1,916,667 $1,916,667 2015-2016 $0 $1,916,667 $-1,916,667 $1,916,667 2016-2017 $0 $1,916,667 $-1,916,667 $1,916,667 2017-2018 $0 $1,916,667 $-1,916,667 $1,916,667
We will also keep you up to date on the Islanders and Devils buyout moves, but don't expect many of those.