I just want to point out that I correctly predicted that once Michal Rozsival and Wade Redden were signed, Tyutin was likely the guy on the way out. Go me.

As pleased for me as you must be, you’re likely far more pleased about the fact that the Rangers just acquired forwards Nikolai Zherdev and Dan Fritsche from the Columbus Blue Jackets, in exchange for defensemen Fedor Tyutin and Christian Backman.

I wasn’t happy with Glen Sather’s work yesterday, but I’m ecstatic right now. I absolutely love this trade. The Rangers gave up a decent, but underachieving defenseman in Tyutin, as well as a talented but inept blueliner that doesn’t belong in the NHL in Backman, and in return acquired a young, talented, potential 30-35 goal scorer and a serviceable young forward. That’s quite a deal.

Nikolai Zherdev, the fourth overall pick in the 2003 NHL Draft, is one of the most talented offensive players in the National Hockey League. He’s a wizard with the puck and he has a terrific shot. He’s the type of guy that’s capable of creating an end-to-end rush that…well, ends with the puck in the other team’s net before anyone can figure out what just happened. He’s young, he’s fast and he’s exciting.

That said, he does come with his fair share of flaws.

His attitude has been questioned multiple times, as has his dedication to the game. He was a training camp holdout prior to the 2006-07 season and his performance defensively has been criticized often, for good reason. He’s a cherry picker.

Right now, though, I don’t care about any of that. The New York Rangers needed an offensive player and now they got one. They got a 23-year-old whose game can still develop, and one has to hope that the smart and supportive staff that Sather and Tom Renney have compiled can have a positive impact on Zherdev. This kid has all the potential in the world and with the proper guidance, he should be able to harness it.

If there is one point of concern, it is how Renney will treat Zherdev on the ice. The biggest reason Zherdev was probably traded is because he isn’t a “Ken Hitchcock” player. Ken Hitchcock, he Blue Jackets’ head coach, has always admired gritty, two-way forwards, something that Zherdev is not.

Renney too has a preference. His is defense. We’ve seen it these last two years and we’re bound to see even more of it. Renney is all about defense, so it will be interesting to see how much freedom he allows Zherdev. Renney is a smart coach, though. I imagine he’ll find the correct balance.

Because of his defensive mindset, Renney might miss Tyutin, but I think he’ll get over it. Tyutin definitely has some likable qualities. For one, he’s physical and he’s hard-hitting. He’s also very intelligent and calm when it comes to getting the puck out of his own zone. Still, it just didn’t seem like Toots’ game was going anywhere. The Rangers had high hopes for the former second round pick, but he didn’t seem like he was ever going to achieve them. His offensive game wasn’t developing, and he wasn’t good enough defensively to be a significant shutdown defender. There’s no doubt that Tyutin had a nice chemistry with Dan Girardi, but of the two, I expect Girardi to develop into the better player, and I’m sure he can find some chemistry with Rozsival or Redden.

Additionally, I was never a fan of the contract Slats gave Tyutin. I guess the deals that guys are getting yesterday and today may prove me wrong, but I don’t think Tyutin is worth $2.84 million a season. It wasn’t a drastic overpayment, but it was overpayment. In my opinion, at least.

As for Backman…where do I even begin. I really, really dislike the way he plays. Sure, Backman has some talent offensively, but that talent rarely shines through due to his absolutely atrocious decision-making. For that short period of time that Backman wore Ranger Blue, every time he touched the puck in his own zone, I had to hold my breath. He coughed up the puck in front of his own goal more times than I can count, and when that did occur, one of two things was sure to happen next. Either the opposition scored, or Backman took a horrible penalty.

How the Blues ever gave this guy a salary of $2.3 million per year is beyond me.

I don’t even want to think about Backman anymore. Positive thoughts, positive thoughts.

All right, I’m good.

Along with Zherdev, the Rangers acquired Fritsche, a center who is currently a restricted free agent. Fritsche, almost 23, is a speedy two-way player who can chip in 10-15 goals, but he has battled shoulder injuries.

Honestly, I’m not sure where Fritsche fits in with the Rangers, as they seem more than set at center. Similarly, with the signings of Pat Rissmiller and Aaron Voros yesterday and the number of young guys in Hartford like Dane Byers and Greg Moore that seem ready to step up to the NHL, there aren’t many openings on the third and fourth lines.

The team’s plans for Fristche remain to be seen, but quite frankly, that’s rather insignificant. Zherdev is the story here.

Still, this positive transaction aside, I’m guessing the Rangers aren’t done yet. I have to imagine that another scoring forward will be brought in, though I have no earthly idea who it might be. So far, they’ve got Chris Drury, Scott Gomez, Zherdev, Fritsche, Petr Prucha, Nigel Dawes, Ryan Callahan, Brandon Dubinsky, Blair Betts, Freddy Sjostrom, Rissmiller, Voros, Colton Orr, Ryan Hollweg, Lauri Korpikoski, Greg Moore and Dane Byers. First of all, obviously not all of those guys will make the team, but those are the possibilities.

Second of all, though, they need some more experience there. There’s a lot of young guys in that group and I’d be shocked if at least one, if not two more veterans were brought in.

Jaromir Jagr and Mats Sundin are still possibilities, as are Pavol Demitra and Markus Naslund. Other names include Kristian Huselius, Ladislav Nagy and Miroslav Satan. I hope it’s Jagr or Sundin, as none of the other free agents are very appealing, but we’ll see. Maybe they make another deal.

On the blueline, the defense is taking shape with Wade Redden, Michal Rozsival, Marc Staal and Dan Girardi, but that leaves two spots. The team signed minor league defenseman Brian Fahey today, and for what it’s worth, “rumor king” Eklund claims that Fahey, who spent the last few seasons with the Chicago Wolves, one of the AHL’s best teams. is going to play in the NHL next year because he is highly underrated.

Whether it’s Fahey or Tomas Pock or Bobby Sanguinetti or Corey Potter or another defenseman from Hartford, I think one of them is going to grab one of those two spots. I don’t think Paul Mara or Marek Malik will be re-signed, which means there’s still one spot. I think it’ll be filled through another signing.

My guess, the Rangers will sign former Oilers captain Jason Smith, who spent last year with the Philadelphia Flyers. There’s nothing to this, it’s just a hunch.

But remember, I was right about Toots.

The Sean Avery Project is over, at least when it comes to the Rangers.

The superpest diva has signed with the Dallas Stars, and will earn just under $4 million per season for the next four years, which is right about what he was hoping to get.

I’ll have more on this a little later.

Ever since the “Great Purge” of 2004, when Glen Sather dealt Brian Leetch to the Toronto Maple Leafs, the New York Rangers have lacked an offensive presence on the blueline.

Now, Sather may have finally solved that problem. Or he might have created an even bigger one.

Yesterday, the Rangers signed former Ottawa Senators defenseman Wade Redden to a six year contract that will pay the 31-year-old an average of $6.5 million per season. That’s a lot of money to pay a guy who, by all accounts, has been on the decline for two seasons. Especially when you consider that, just hours earlier, the team re-signed their own defenseman, Michal Rozsival, to a four-year, $20 million dollar contract.

Twice an All-Star (in 2002 and 2004), Redden’s stock in Ottawa dropped dramatically over the last two seasons. Some point to the death of Redden’s mother, Pat, as the beginning of his decline. Pat passed away after struggling with brain cancer in April of 2006. Others point to the seemingly wrong decision made by the Senators’ brass in choosing to re-sign Redden while allowing Zdeno Chara to walk away and sign in Boston before the 2006-07 season as the event that led to Redden’s downfall.

Over the last two seasons, the Senators, in very public fashion, tried to deal Wade Redden a number of times, but Redden refused to wave his no-trade clause, claiming that his desire was to win a Stanley Cup in Ottawa. Those instances probably didn’t do much for his on-ice performance, either.

Now, some will say that all Redden needs is a change of scenery, and that may very well be true. In fact, I actually feel the same way. It’s also been mentioned that Redden has a good relationship with assistant coach Perry Pearn, once an assistant with the Senators. Who knows? Maybe he can find his game. I sure hope he does. I’ve seen Redden play a lot of times, and he used to be a pretty good defenseman. He was solid in his own end and adept at moving the puck up the ice. He’s certainly a better option on the power play than Rozsival, too.

But, and this is a pretty big but, what if the change of scenery doesn’t do it? If Redden can’t return to form, what then? If this guy continues to play the way he has the last two seasons, then this will turn out to be a humongous blunder. Most of the times I saw this guy play the last year or two, he was skating like a zombie, avoiding physical play and just showing a total lack of emotion and desire.

This guy is going to be earning $6.5 million a year until he’s 37. He’s under contract through the 2013-14 season. That’s a long time to pay a guy when you’re not sure he’ll ever be the player he once was.

But if you’re going to go out on a limb and take that risk, why would you also overpay Rozsival? It doesn’t make sense. Rozsival is a decent player, and at the age of 28, he’s just entering his prime, but he’s a second pairing defenseman. He’s not worth $5 million a year. No way. He’s not a good option to run the power play, he’s not particularly great defensively and he’s prone to making horrendous gaffes with the puck. We’ve all seen Rozy cough up the biscuit at the most inopportune time on more than one occassion. Rozsival’s blunders will be giving Henrik Lundqvist nightmares for four more years.

Do you really need both of these guys, especially when you’re already paying Fedor Tyutin almost $3 million a season, too? Not in my eyes.

Plus, you’ve already got Chris Drury, Scott Gomez and Lundqvist earning about $7 million a year. Each. So, for the next four years, when Rozsival’s contract expires, this team will be paying about $33 million dollars to five players. In case you haven’t heard, this year’s salary cap is set at $56.7 million.

Meanwhile, with Sean Avery signing in Dallas (more on this later), and the questions surrounding Mats Sundin and Jaromir Jagr, what the Rangers will do with their forwards remains unclear. So far, they’ve signed Patrick Rissmiller and Aaron Voros, a couple of third or fourth liners from the San Jose Sharks and Minnesota Wild, respectively. Neither figures to light the lamp very much, though they may prove to be affordable replacements for Avery.

This all leads me to believe that the Rangers are planning to make a trade. This is merely speculation on my part, but I just don’t see them standing pat, whether they sign Sundin or bring back Jagr or whatever they decide to do with that whole thing.

I can see the Blueshirts packaging a guy like Tyutin and his salary, along with a Nigel Dawes or a Petr Prucha and perhaps a prospect or draft pick for an upgrade on forward. I thought they might pursue Michael Ryder, but he signed last night with the Boston Bruins.

All in all, a lot of questions remain for this team. But look at it this way, at least one thing is clear.

The Rangers re-signed Steve Valiquette to be their backup goaltender next year.

It’s a relief, I know.

July 1st isn’t just Canada Day, it’s also the first day of the NHL unrestricted free agency period. I’ll be updating this throughout the evening if the team does anything else. Later on, I’ll add more in-depth analysis of the moves.

9:00 PM - Looks like the Rangers re-signed Steve Valiquette, so he’ll continue to be Henrik Lundqvist’s backup. That’s one I can agree with. I’ll be back later with any further news, as well as some analysis of this…interesting day.

8:20 PM - Sam Weinman, beat writer from The Journal News, just posted on his blog that the Rangers were not done tonight and that other moves could be on the way.

7:45 PM - So let me get this straight…this team signed BOTH Redden and Rozsival, and also signed Rissmiller and Voros.

I don’t get it. Either they’ve lost their mind, OR, they’re going to pull off a move. Maybe they package a guy like Fedor Tyutin, who I believe will be overpaid under the extension they gave him, with a Nigel Dawes or a Petr Prucha or a Ryan Callahan, as well as a prospect or a pick for a better forward.

I don’t know. Where does this leave them as far as Jaromir Jagr and Mats Sundin are concerned?

I’m confused.

7:38 PM - Now, according to TSN’s Bob Mckenzie, the Rangers have also signed Wade Redden to a contract worth an average of $6.5 million per season over six years. Wow. More on this later.

7:30 PM - In other news, defenseman Brian Campbell signed with the Chicago Blackhawks, cashing in on a huge eight-year contract worth just over $7 million per season. Let’s just have a collective sigh of relief that the Rangers wisely declined to pursue this guy.

Meanwhile, Mats Sundin, who the Rangers still have eyes for apparently, has been offered a two-year, $20 million contract by the Vancouver Canucks, but don’t expect the Sundin saga to be resolved today. I wouldn’t be surprised if it took a week, maybe more, for Sundin to make his decision.

Never say never, though.

The Devils signed 35-year-old Brian Rolston to a four-year, $20 million contract, but they also re-signed Jay Pandalfo, as well as others, and brought back Bobby Holik for one season at $2.5 million.

7:00 PM - Well, the day isn’t done yet, but so far the Rangers have made three moves. For the record, I’m not particularly pleased with any of them.

The most notable move the Rangers have made so far was re-signing their own defenseman, Michal Rozsival, to a four-year, $20 million dollar contract, which averages out to a cap hit of $5 million per year.

I’ve said before that Rozsival is a decent defenseman, but not a top pairing defenseman and I really don’t think he was worthy of $5 million per season. I understand that a lot of guys are getting overpaid, but that just seems like a million dollars to much for a guy who, as this team has learned, is not the answer in terms of running a power play. Maybe if Jagr leaves it might have an effect on Rozsival’s game, I don’t know. More on him later.

The Rangers also signed two bruising wingers prior to the Rozsival signing, as they picked up Aaron Voros and then later Patrick Rissmiller.

Voros is a 26-year-old coming off his rookie year with the Minnesota Wild, where he was an early season call-up who was a scratch down the stretch. The terms of the contract appear to point to a three-year deal, with Voros earning $1 million per year.

Rissmiller spent two full seasons, and parts of two others, with the San Jose Sharks. The 29-year-old Massachusetts native has scored 18 goals and 45 points in 180 NHL games. The team also officially announced the signing of Swedish agitator Andreas Jämtin.

No terms are yet available for either Rissmiller or Jämtin.

I’ll have more as it happens.