He spent played five seasons in the National Hockey League (NHL) for the Montreal Canadiens, Philadelphia Flyers, San Jose Sharks and Detroit Red Wings from 1989–90 until 1993–94.

In the 2002-03 season, he led the Gulls to winning the Taylor Cup, while being named Playoff MVP and WCHL Forward of the Year.

[4] Pederson was suspended for two weeks in 2009 for an "internal matter" while working as an assistant coach with the Bakersfield Condors, which was revealed later to be due to antisemitic comments toward then-Condor Jason Bailey.

[5] In January 2011, Pederson was named in a lawsuit filed by Bailey's lawyer, Keith Fink, alleging that his client faced "a barrage of anti-Semitic, offensive and degrading verbal attacks regarding his Jewish faith" from Pederson and head coach Marty Raymond.

[6][7] Pederson, in particular, was named in the suit as having approached Bailey on one occasion to state: "oh, I got a (Facebook) friend request from a dirty Jew.