The New York Rangers announced Friday afternoon that they will not be using their one remaining compliance buyout this summer, ending weeks of speculation that Brad Richards might be bought out.
Defenseman Wade Redden has been bought out by the New York Rangers, the team announced Thursday.
The Rangers have placed Wade Redden on waivers, a source confirmed to ESPNNewYork.com, clearing the way to cut ties with the 35-year-old defenseman and his six-year, $39 million contract.
The NHL and the players' association have reached an agreement to allow teams an accelerated compliance buyout on players such as Montreal's Scott Gomez and Wade Redden of the New York Rangers, a source confirmed.
The NHLPA is reviewing a developing situation between defenseman Wade Redden and the New York Rangers, multiple sources confirmed to ESPNNewYork.com.