Pederson was drafted 15th overall by the Canadiens in the 1986 NHL Entry Draft. 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. He saw action in a total of 169 NHL games, scoring 35 goals and 50 assists for 85 points.