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Sources: Rangers cut Wade Redden

Updated: January 16, 2013, 4:35 PM ET
By Katie Strang | ESPNNewYork.com

NEW YORK -- The New York 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.

Assuming Redden clears waivers Thursday at noon ET, the Rangers plan to notify him and agent Don Meehan they will be using an accelerated compliance buyout on the two remaining years on his contract, a source told ESPNNewYork.com. Redden would then become an unrestricted free agent.

Per ...

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