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Drury Not On Waivers; Will Not Be Bought Out Yet

The news about Chris Drury and his pending buyout seemed to change by the hour.  First he was told he was going to be bought out, then he said he was going to cite his injury as a reason to not be bought out, then he said he was going to accept a buyout.  Well, if he said he was going to accept his buyout, he doesn’t have to worry.  The Rangers did not place Drury on unconditional waivers today (a required step in the buyout process), which was the last day to place a player on waivers with the intent of buying out a contract. Update 2:45pm: I seem to have mis-spoke here.  Since Drury has a NMC, he is allowed 24 hours to make a decision to waive the NMC to be placed on waivers for the buyout.  Today could have been the official notification.  Drury can still be placed on waivers tomorrow and be bought out on Thursday.  The deadline of notification is Thursday at 5pm.  Meaning the Rangers technically have a few more days.

In the event that Drury is not placed on waivers, it would leave the Rangers with two options.  The first is that they can force a player’s hand to go to arbitration, thus opening up the August buyout period.  If the Rangers wind up committing more money than anticipated for their RFAs and the pursuit of Brad Richards, then this is a viable route for them to open up additional cap space and/or summer cap space if necessary.

The second option is to place Drury on LTIR when the season starts, opening up his entire $7.05 million cap hit for the season.  This is the most likely of options, but it does present an issue if/when Drury is able to play or wants to play.  LTIR becomes a way of telling Drury that they can’t fit him on the roster, and since he cited his knee as an issue, they are going to say he can’t play.  I think LTIR leads to a messy divorce between the Rangers and Drury.

Update 2:45pm: This saga will continue until Thursday at 5pm. Please read above.

13 Responses to “Drury Not On Waivers; Will Not Be Bought Out Yet”

  1. Zen says:

    This story is just never ending. There is obviously something going on behind the scenes that we don’t know about… that basically has been kept internal on purpose. I wonder if this is all simply strategic in the sense that Sather is just waiting to see how the UFA period goes before deciding whether to buy Chris out.

    • Chris says:

      Dave sums it up nicely this is going to end messy. Drury has definitely played his last game as a Ranger but how it ends is up in the air right now.

  2. The Suit says:

    This is why you don’t give any player a no movement clause.

    • PuckCentral.net says:

      Unfortunately it’s now an important bargaining chip that players use. If you want a player & they demand it, chances are the GM is going to cave. I think that GMs should be much more careful in who they give it to to be honest.

      • Dave says:

        Philly is going to get torched by these because of the way Ricahrds and Carter were dealt.

    • Brian SCS says:

      It blows my mind how often a NMC/NTC is handed out. Kotalik got one! I just don’t get it.

      • The Suit says:

        Well Sutter gave them out like condoms in a planned parenthood clinic…he was eventually fired for that

        Sather should stand tall on NMC. NTC fine, but NMC no thanks.

  3. Matt J says:

    Is it possible sather is going to try to piss him off so much he’ll just call it quits? Drury is not making this easy on himself, the fans, and the organization. This is supposed to be our captain? Where’s the leadership? I have lost a ton of respect for drury and the longer this process wears on the worse for Richards and the rest of the RFA’S.

  4. Dave says:

    Please read the updates.

  5. Phil in LA says:

    They can see if he’ll wave his no movement clause for a trade to a team that is below the salary floor.

  6. Sioux-per-man says:

    Fact is Drury has a value, just not 7 Million. He will get his Money one way or another, just like Redden. It doesn’t say much for him as a Captain, but for $7M I don’t think he really cares. In the end its all about the Money first, team second.

  7. The Suit says:

    This whole money first team second stuff is nonsense. He signed a contract and now everyone involved has to honor it, including Sather. If he’s injured, he has every right to play that card to postpone a buyout.