NHL buyouts: Wade Redden, Scott Gomez cut loose by Rangers, Habs

Rick Stewart

The two veterans, who both signed large contracts with the New York Rangers, have been bought out by their respective teams and are now free to sign elsewhere.

As expected, the New York Rangers and Montreal Canadiens have bought out the contracts of Wade Redden and Scott Gomez, according to Adam Gretz of CBS Sports. Both are now free agents and able to sign with any team.

The first two compliance buyouts under the new collective bargaining agreement come earlier than expected, after the Canadiens and Rangers had both told their respective players to sit out the season in order to avoid injury. Both were told their contracts were going to be bought out over the summer, when the CBA had stipulated teams could use up to two compliance buyouts prior to next season.

The NHLPA and NHL were able to come to an agreement, however, that would allow teams to use the buyout now in order to allow players the chance to play elsewhere this season. Any buyouts made now, instead of this summer, will still be counted against the cap, however.

Gomez had two years and $14 million remaining on his contract, originally signed with the New York Rangers. Redden, who signed with the Rangers in 2008, had two years and $13 million remaining on his contract.

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