Description: The New York Rangers have signed free agent forward Tim Kennedy to a one-year contract worth $550,000.
Insight: Kennedy was awarded $1 million in arbitration earlier this summer, but the Sabres decided to walk away from the deal. With a one-way contract, Kennedy could earn a spot in the Rangers' top 6, which could push Mats Zuccarello-Aasen down the depth chart.
8/2/2010 3:45:00 PM
Description: The Buffalo Sabres have placed forward Tim Kennedy on waivers, with a buyout likely to follow.
Insight: Kennedy re-signed with the Sabres on July 29. He scored 26 points (10g-16a) in 78 games last season and is only 24 years old, so expect another team to pick him up.
7/29/2010 5:06:00 PM
Description: An arbitrator has awarded a one-year contract worth $1 million to Sabres forward Tim Kennedy.
Insight: The Sabres will need to pay Kennedy this amount, since the amount falls below $1.6 million. Kennedy scored 26 points (10g-16a) as a rookie last season.