Update, 1:25 p.m.:
Gross now tweets that Kennedy's deal is one-way, one-year deal for $550,000.
...why would they only do a one-way deal? The Rangers had all the leverage and they give him a one-way deal. Now the guy has to clear waivers if they want to send him down to Hartford. Unless I'm missing something. I do love the amount of the deal though.
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Update, 1:20 p.m.:
Gross and Arthur Staple both analyze the signing.
Update, 12:12 p.m.:
Jesse Spector at The Blueshirts Blog confirms the signing.
Update, 11:50 a.m.:
Gross now tweets that an announcement on the signing is expected later today.
Andrew Gross tweets...
Tim Kennedy to #NYRangers rumors are legit.
Tim Kennedy who had 10g, 16a in his rookie season in Buffalo became a UFA when he was bought out by the Sabres earlier this offseason after he was awarded a one-year, $1 million contract during his arbitration hearing.
...this kid could turn into something, but right now do the Rangers need another 3rd line player?
...this signing will almost certainly mean the end of Redden. How else could they afford Kennedy?
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