Osgood Taken by Islanders in Waiver Draft

The New York Islanders used their first overall pick in the NHL’s Waiver Draft to select Red Wings netminder Chris Osgood.

Osgood, made expendable by Detroit’s aquisition of Dominik Hasek, will join an Islanders team burdened by poor preseason performances from goalies Rick DiPietro and Garth Snow.

Should DiPierto or Snow have a turnaround, the Islanders are rumored to have already worked out a deal to send Osgood to the Red Wings Central Divison rival St. Louis Blues. The Blues currently have the young goaltending tandem of Brent Johnson and Fred Brathwaite.

The Red Wings had also left defensemen Steve Duchesne and Uwe Krupp available, but escaped without losing either.

Waiver Draft Today

Chris Osgood‘s fate will likely be decided later today when the NHL conducts it’s annual Waiver Draft via conference call.

The Red Wings were unable to trade Osgood afer he became expendable with the aquisiton of Dominik Hasek, the best goalie in the league. The Red Wings opted to protect Manny Legace as a cheaper backup to Hasek, leaving Osgood available to be picked up by any of the other NHL teams.

The New York Islanders pick first in the draft and are interested in Osgood after poor preseason performances by Rick DiPietro and Garth Snow. Central Division rival St. Louis is also interested as the Blues lack a playoff-proven goaltender.

Even if no one picks him in the Waiver Draft, the Red Wings would likely keep trying to trade Osgood because he would count against the twenty-three man roster limit.

Fedorov Arrested for DUI

Red Wings superstar forward Sergei Fedorov was arrested in Royal Oak early Sunday morning for driving under the influence.

Fedorov, 31, posted bail shortly after being detained at approximately 2:30 AM.

Fedorov scored 32 goals and added 37 assists in 75 games for the Red Wings last season. He was criticized for not providing enough leadership when Steve Yzerman and Brendan Shanahan were injured in the playoffs.

Holmstrom Signs 3-Year Deal

The Red Wings signed their last remaining free agent on Monday when Tomas Holmstrom agreed to a three-year deal.

Holmstrom’s new contract is rumored to give him a substantial raise from his previous base salary of $750,000. The deal also gives bonuses based on overall and power play performance.

Both sides wanted a fourth year included in the contract but the Red Wings wanted it at their option while Holmstrom wanted it guarenteed. Holmstrom will be 31 when the new deal ends, making him eligible for unrestricted free agency.

The contract was reported as done on local radio and ESPN.com last Thursday, but Holmstrom was unable to review it until the Labor Day weekend.

Brown, Murphy Retire; Holmstrom Remains Unsigned

Former Red Wings Doug Brown and Larry Murphy announced their respective retirements last week. The Red Wings had announced that they would not renew either players’ contract for the coming season.

Brown, 37, revieved offers from “half a dozen” teams but chose to keep his family in Detroit rather than relocte for a couple final seasons. He spent the summer talking to area firms so that he could enter a career in business if he was unable to somehow return to the Red Wings.

Murphy, 40, retired after not recieving an offer from another team. Acquired at the 1997 trade deadline, Murphy played a major role in both of Detroit’s recent Stanley Cup Championships but had been criticized as of late regarding his age and lack of speed.

Tomas Holmstrom, the Red Wings’ last remaining free agent, has not yet been signed, dispite local radio reports and an ESPN.com article. Red Wings GM Ken Holland hopes to have the gritty winger signed before the start of training camp.

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