Thursday, September 16, 2010
Staal signs; Redden all but done?
By Mike Hume
The Rangers have signed Marc Staal to a five-year contract extension with a cap hit of $3.975, ensuring one of the league’s best young defensemen will skate on Broadway through the 2014-15 season.
With the signing, the Rangers’ currently sit a little over $4 million over the cap ceiling as training camp begins. Though it has been rumored all summer, it now appears inevitable that defenseman Wade Redden -- who carries a $6.5M per season cap hit by himself -- will enter camp assured of being placed on waivers and demoted from the team.
Camp officially begins tomorrow for veteran players, though many have already arrived at MSG Training Center.
Jesse Spector of the Daily News has more on the Staal signing, as well as the increasing expectations for Girardi after he re-upped this summer.
The people have spoken and want to waive Redden in order to get under the salary cap following the Staal signing, according to the unscientific Twitter poll conducted by Spector. The scibe notes that the only teams that could even afford Redden’s gargantuan contract under the cap are the Islanders, Thrashers and Avalanche. I made this point earlier when talking about the Devils’ trade candidates following the Kovalchuk signing: Just because a team has cap space, don’t assume their willing to spend it on an abysmal contract. (FWIW Spector isn't implying the interest of those teams, just the available cap space.) Redden’s deal is almost universally regarded as the worst in the NHL.
The Rangers' prospects closed out the Traverse City Tournament with a 7-2 shellacking of the Stars. Seven different players scored for the Blueshirts, including top prospects Derek Stepan and Evgeny Grachev. The production from those two has to be encouraging to the talent evaluators of the scoring-starved big-league club.