Here’s the official word from the NYR:
RANGERS BUY OUT DEFENSEMAN WADE REDDEN
NEW YORK, January 17, 2013 – New York Rangers President and General Manager Glen Sather announced today that the club has bought out the contract of defenseman Wade Redden.
Redden, 35, registered five goals and 35 assists for 40 points, along with 78 penalty minutes in 156 regular season games over two seasons with the Rangers. In addition, Redden tallied two assists in seven playoff contests with the Rangers.
Signed by the Rangers as an unrestricted free agent on July 1, 2008, Redden has skated the last two seasons with the Connecticut Whale of the American Hockey League (AHL), registering 12 goals and 50 assists for 62 points in 119 games. He was named team captain on March 3, 2012.
The Lloydminster, Saskatchewan native has skated in 994 career regular season contests with the Rangers and Ottawa Senators, registering 106 goals and 344 assists for 450 points, along with a plus-162 rating and 654 penalty minutes. Redden is a two-time NHL All-Star (2002 and 2004) and former NHL plus/minus award winner (2006, tie), and has surpassed the 30-point mark in nine of his 13 NHL seasons.
Redden was originally selected by the New York Islanders with the second overall pick in the 1995 NHL Entry Draft.