What will the Rangers do with Wade Redden?

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New York Rangers defenseman Wade Redden has two years remaining on his six-year, $39 million deal — a $6.5 million cap hit annually.

The problem, of course, is that Redden hasn’t played for the Rangers in two years.

Instead, he’s been banished to the AHL, where — under the previous collective bargaining agreement — New York was able to retain him while also getting his cap hit off the books.

But under the new CBA, the ol’ “stick ’em in Connecticut!” cap circumvention play is out. Gone. Done. Never coming back.

TSN’s Bob McKenzie explains the Rangers now have three options for Redden moving forward, none of which are very appealing:

1) Stick him in the AHL and wait

The Rangers could continue letting Redden play for Connecticut, getting a minor cap hit haircut in the process:

Tere’s a provision in the new CBA that doesn’t allow the hiding of NHL contracts in the minors, save the first $900,000. 

[One plan] would be to send Redden to the AHL, absorb his $5 million-plus cap hit this season, which they have room for because teams can spend to $70M this season, and then use a compliance buyout this summer to erase the problem for next season.

The scary part here, of course, is if Redden gets hurt playing for the Whale. Teams can’t buy out injured players.

2) Trade him

The only way to eliminate the $6.5 million cap hit entirely would be to flip Redden to another club. That club, of course, would need to have both the available cap space and willingness to pay a guy that may go straight to the minors.

Since no team will likely offer this out of the goodness of its heart, it’s safe to assume the Rangers would have to pay a pretty penny just to get rid of Redden (with draft picks, or prospects.)

Would they want to do that with the compliance buyout just around the corner?

Note: The Rangers could, as has been pointed out in the comments section, try to move Redden by retaining a share of his salary/cap hit, one of the new wrinkles in the CBA. The Rangers could absorb up to 50 percent, but would be on the hook for two years.

3) Park him

From McKenzie:

The only other option for the Rangers is to take Redden’s cap hit this season but not play him. Not in New York. Not in the AHL. Not anywhere.

Put him in bubble wrap, cold storage and call it a year. Make sure his cheques show up on time and wait for the compliance buyout period this summer and cut all ties.

The NHLPA is expected to ratify the new CBA on Saturday and camps are set to open Sunday. The Rangers don’t have a ton of time to figure this out, but you can guess what the most likely option will be.

Blues have ‘wiggle room’ after locking up Parayko

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The St. Louis Blues didn’t break the bank to keep Colton Parayko for five more years, and that’s important since they don’t believe the NHL’s salary cap will rise significantly in the next little while.

Parayko’s cap hit came in at a manageable $5.5 million, as the two sides narrowly avoided an arbitration hearing that was scheduled for today.

“You like to have as much wiggle room as possible,” GM Doug Armstrong said, per the St. Louis Post-Dispatch. “Now we view the cap will stay flat for the foreseeable future. We’re content with the space we have. We’ll move forward and get ready for training camp.”

The Blues now have a number of key players locked up long term, including Parayko, Alex Pietrangelo, Vladimir Tarasenko, Alex Steen, Jaden Schwartz, Patrik Berglund, and Jake Allen.

For Armstrong, the next big decision could involve Paul Stastny, the 31-year-old center who can become an unrestricted free agent next summer.

But a decision on Stastny doesn’t need to be made now, or even before the season starts. It’s the trade deadline that could be the real pressure point, akin to the Kevin Shattenkirk situation this past year.

Per CapFriendly, the Blues have just over $3 million in cap space, with one roster spot left to fill.

‘Highly unlikely’ Suns will pursue shared arena with Coyotes

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The Arizona Coyotes appear to be on their own in pursuit of a new arena in the Phoenix area.

That’s because Robert Sarver, the owner of the NBA’s Phoenix Suns, says it’s “highly unlikely” he’ll pursue a shared arena with the Coyotes.

Instead, Sarver is focused on upgrading the Suns’ current home (and Coyotes’ old home) in downtown Phoenix, Talking Stick Resort Arena.

From the Arizona Republic:

Sarver said building a new arena would have “maybe made more sense” four or five years ago when the cost estimate was $450 million to $500 million. The costs now, Sarver said, are “significantly higher.” Thus his focus on upgrading Talking Stick, which soon will be the second-oldest arena in the NBA.

“I think it’s the most economically viable alternative for the city and us,” he said. “I like downtown Phoenix. That’s my first preference. I think the NBA is more of an urban game. That’s our demographic.”

Talking Stick Resort Arena, formerly called America West Arena when the Coyotes played there, was designed for basketball and isn’t ideal for hockey. In that way, it’s a lot like Barclays Center in Brooklyn, which hasn’t been a great fit for the Islanders.

The Coyotes recently hired a new president and CEO, Steve Patterson, whose top priority is finding the team a new home in the Phoenix area.

Crosby to celebrate 30th birthday with Stanley Cup in Nova Scotia

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HALIFAX, Nova Scotia (AP) Sidney Crosby will mark his 30th birthday by once again parading the Stanley Cup in his province.

In tweets sent out by the Sidney Crosby Hockey School, Crosby said he would hoist the trophy in the streets of Halifax and Dartmouth as part of an annual civic parade.

“Get ready, the Stanley cup is coming to town!” Crosby confirmed in the tweet sent late Tuesday night. “I will be taking Lord Stanley to the streets Monday August 7th in the Halifax-Dartmouth Natal Day parade.”

The parade, part of annual events that celebrate Halifax’s birthday, also happens to fall on the Pittsburgh Penguins captain’s 30th birthday.

Natal Day chairman Greg Hayward said he expects another 25,000 people will be lining the parade route on top of the roughly 40,000 usual attendees.

“It’s extremely exciting to think that we’re going to have Sid and the Cup in our Natal Day parade,” Hayward said Wednesday.

Crosby has shown off the Stanley Cup twice before in his hometown of Cole Harbour, just outside Dartmouth, in 2009 and 2016.

Last July, Crosby carried the Cup in the back of a pickup that made its way to an arena in Cole Harbour as thousands of cheering fans looked on in sweltering heat.

Arbitration hearing looming for Arvidsson, who broke out in big way last year

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Viktor Arvidsson wants a one-year deal worth $4.5 million, while the Nashville Predators are countering with a two-year deal worth $5.5 million ($2.75 million AAV).

That’s the situation with an arbitration hearing scheduled for Saturday, according to Sportsnet’s Elliotte Friedman.

The two sides could still reach a deal before each case is heard.

Arvidsson, 24, broke out in a big way last year, scoring 31 goals during the regular season, then helping the Preds to their first Stanley Cup Final in franchise history.

But Nashville needs to be careful with its cap situation, because Ryan Johansen also needs a new contract, and he won’t be cheap to re-sign.

Arvidsson just wrapped up his entry-level contract.