Shunted aside by Sabres, Kennedy signs with Rangers

Hockey Betting Lines

08/30/2010 - New York, NY (Sportsbook Betting Lines) - The New York Rangers agreed to terms with free-agent forward Tim Kennedy on Monday.

Terms of the deal were not disclosed, but multiple outlets revealed it is for one year.

The Buffalo Sabres waived and bought out Kennedy's contract after he was awarded a $1 million, one-year deal from an arbitrator earlier in the off- season. The buyout was worth $333,333 over the next two years, and Kennedy became an unrestricted free agent, free to sign with any club.

The Collective Bargaining Agreement states that a team cannot walk away from any free-agent contract given through an arbitrator's decision that is lower than $1,611,180 per year, but Kennedy's salary afforded Buffalo the right to waive him and buy him out.

In his first full league campaign, the 24-year-old Buffalo native compiled 10 goals and 26 points with 50 penalty minutes in 78 games.

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