Update: 10:30pm: Redden has been bought out.
Update 1/17/13: Redden has cleared waivers. The Rangers will buy him out before the season starts on Saturday.
Original Post (1/16/13): As expected, the Rangers have placed Wade Redden on waivers, per Pierre LeBrun. This is step one in using their first amnesty buyout on the defenseman. Redden is expected to clear tomorrow, and will promptly be bought out by the Rangers.