The New York Rangers thought they were adding two All-Stars when they signed forwards Chris Drury to a five-year, $35.5 million dollar contract and Scott Gomez to a seven-year, $51.5 million contract.
Gomez was just two years removed from a 33-goal campaign; the Rangers thought they had that. Instead, they had a player who didn't come close to that. He struggled to score consistently and was eventually shipped to the Montreal Canadiens.
Drury scored 37 goals with the Buffalo Sabres in 2007, before signing with the Rangers. He was not a consistent scorer, and did not provide the offensive spark they were hoping for.
The Rangers bought out his contract in the summer of 2011.
The next year, the Rangers signed Wade Redden to a six-year, $39 million contract. The Rangers were hoping to get a top-two defenseman to help their special teams.
Redden played just two years with the Rangers, coming nowhere close to the numbers he had consistently put up with the Ottawa Senators.
The Rangers bought out his contract prior to the 2013 season.
In the span of a year, the Rangers spent a ton of cash on underachieving players. Who knows what other big-named free agents they could have signed with all that dough.