Buyout Mania

The Rangers put an end to the Wade Redden “Era” today. Redden will receive a buyout of the remaining $13-million owed to him because under the new CBA, the Rangers can no longer “hide” his salary in the AHL. So, for $39-million the Rangers got a grand total of 40 from Redden.

Ironically, Redden wasn’t the only big contract bought out today. Scott Gomez received a buyout from Montreal. Gomez will get the remainder of his seven-year/$51.5 million deal as a result.  And who signed him to that deal? Why Sather of course.

And don’t forget that Chris Drury’s buyout will cost the Rangers approximately $1.7 million of cap space this season.

All three of these contracts came from Glen Sather. For these three alone he spent over $100-million and got very little in return for it. In fact, if you go back to his start as Rangers’ GM, Sather has probably spent well over $250 million with, until last season, very little to show for it.

Yes, yes, I know you are going to tell me to shut up and notice that the Rangers are stocked with young talent and should be one of the favorites for the Cup. I won’t disagree, but I hate to point out that there is a window here. A lot of the young guys will be free agents soon. A lot of the older guys may not have much left. The Rangers are in a great spot, probably for this season and the next two. But after that, they are going to need a savvy GM to guide them going forward. I know Sather got them to this point, but I can’t help but remember all of the majors blunders along the way.

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Comments

  • blmeanie  On January 17, 2013 at 8:19 pm

    its gonna take a while before I can get into hockey unfortunately. I saw one prediction that the Atlan…Winnepeg Jets will finish ahead of the Bruins.

    • nysportsfanatic  On January 17, 2013 at 8:53 pm

      That may be because you still have a football season to focus on.

      Hey, I am headed to the Barclays tomorrow for the first time and it is Hawks-Nets.

  • blmeanie  On January 17, 2013 at 9:02 pm

    have never embraced the hawks, of my dual citizenship between Boston and Atlanta they are the one team that I have despised throughout. Doesn’t help their case with the same ownership group that threw the Thrashers out the window. Go Nets!

    • nysportsfanatic  On January 17, 2013 at 9:16 pm

      I guess the Hawks were the one team that played in the same Conference/League as the Boston teams you rooted for when you moved there, right?

      Plus, I remember a pretty brutal Hawk-Celtic series from sometime in the mid-80’s. So, I get it. Can’t say I will root for the Nets tomorrow, but I won’t root for the Hawks either. Probably will spend a lot of time checking out the arena.

  • blmeanie  On January 17, 2013 at 10:30 pm

    If the Hawks were a well run team at any time in their history I think I could have liked them. From brutal signings like Jon Koncack to the gimmicks of spud Webb to the current/recent cast of ME players (Josh Smith) and overpaid 3rd bananas posing as #1 options (Joe Johnson -hey, the Nets have him now 🙂 )

    Yes, their brightest moments were with Mike Fratello as the coach in the 80’s and Dominique and Larry had that game where they both went off in the fourth quarter. Youtube it, wonderful scoring by both of them on crazy shots/moves. Insane actually.

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