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Category: New-York-Rangers

Cap Issues May Return Next Year For The New York Rangers

from Andrew Gross of The Record,

Not to be an alarmist, but next summer also promises to put the squeeze on the Rangers.

The Rangers and Stepan avoided arbitration on Monday as the No. 1 center agreed to a six-year, $39 million deal with an average cap figure of $6.5 million that leaves the team with approximately, $400,000 in cap space under the $71.4 million ceiling.

There are no projections yet what the cap will be for 2016-17.

But with Chris Kreider, Kevin Hayes and J.T. Miller slated to be restricted free agents, next summer also figures to be a costly one for the Rangers, especially with all three arbitration eligible.

Keeping a core group together in the financial minefields of a salary-capped NHL is a tough tightrope to walk and there are casualties. This summer, it was Carl Hagelin, an RFA dealt to the Ducks in order to free space to re-sign Stepan.

Team president Glen Sather, still the general manager at the time of the trade, told the speedy left wing it was a sad day for the organization in having to deal him.

A likely departure next summer will be defenseman Keith Yandle, who cost Sather a first-round pick and top prospect Anthony Duclair on March 1. Yandle is working on the last season of a five-year, $26.25 million deal with a cap hit of $5.25 million. The Rangers can afford him now because only half of his cap figure counts against the Rangers, the other half is charged to his previous team, the Coyotes.

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Agreement Reached Between Derek Stepan And The New York Rangers

 

added 10:00am,

 

 

New York Rangers release is below...

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  Tags: derek+stepan

Arbitration Numbers For Derek Stepan

Stepan's arbitration hearing is schedule for Monday, July 27th.

 

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Derek Stepan’s Arbitration Date Approaching

from Larry Brooks of the New York Post,

Salary arbitration filings create deadline-driven negotiations, and so there is still time for the Rangers and Derek Stepan to strike a deal prior to Monday’s scheduled hearing, as Chris Kreider, Ryan Callahan and Brandon Dubinsky all did on the mornings of their respective scheduled hearings and as Derick Brassard did on the eve of his last summer.

But at this point, with a wide gulf separating the parties, it’s more a question of whether the Blueshirts will decide to go for a one- or two-year arbitration award than whether the club and the 25-year-old center will be able to hammer out a long-term agreement within the next 72 hours.

The Rangers, who have the option, must declare by Saturday, when the club and player submissions are due. The decision will rest on management’s evaluation whether Stepan’s trade value would be higher on a hypothetical one- or two-year contract. Stepan is not eligible to become an unrestricted free agent until 2017.

continued

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  Tags: derek+stepan

Video- Martin St, Louis On His Retirement From The NHL

via BlueShirtsUnited,

Martin St. Louis talks to reporters for the first time since announcing his retirement from professional hockey. In Part 1, St. Louis explains his decision to retire after 16 NHL seasons and talks about how much he enjoyed his time in New York with the Rangers.

Watch part one below and parts two and three here.

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Can The New York Rangers Afford Derek Stepan?

from Sean Hartnett of CBSNewYork,

Initially, it was thought that the Rangers would be able to lock their 25-year-old alternate captain into a long-term deal slightly above $6 million annually. Buffalo giving a comparable center in O’Reilly crazy money raises Stepan’s asking price.

Stepan is an upward-trending star who is just breaking into his prime years. He has averaged 0.78 points per game over the past three seasons and has scored his share of memorable playoff goals. The question is: How far do the Rangers go to satisfy Stepan?

He is definitely worth between $6 and $6.5 million million per year. Anything above $6.5 million is an overpayment. He’s not worth Nicklas Backstrom or Anze Kopitar money. A demand of a long-term deal above $7 million AAV could force the Rangers to do the unthinkable — trade Stepan away.

Finding takers for third-pair defenseman Kevin Klein (three years, $2.9 million AAV) and/or fourth-line winger Tanner Glass (two years, $1.45 million AAV) could help alleviate the cap squeeze. Demoting Glass to the minors would force the Rangers to carry $500,000 in dead cap space, but would free up $950,000 of cap room.

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  Tags: derek+stepan

Derek Stepan’s Next Contract

from Larry Brooks of the New York Post,

It was Christmas in July for Derek Stepan but a lump of coal in Jeff Gorton’s stocking, this gift of Buffalo’s seven-year, $52 million ($7.5 million per) extension to Ryan O’Reilly that kicks in next season and will keep on giving headaches to the Rangers and their newly installed general manager.

In a flash, Friday’s agreement between the needy Sabres and the 24-year-old center they obtained from Colorado last weekend blows to smithereens any hope the Blueshirts had of signing the 25-year-old Group II free agent center Stepan to a long-term deal in the range of $6.2 million to $6.5 million per.

It likely means Stepan, whose numbers are superior to O’Reilly’s in every meaningful category other than faceoff efficiency, not only will file for salary arbitration by Sunday’s 5 p.m. deadline, but could be in line for a two-year award taking him to unrestricted free agency worth well over $7 million per.

continued

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  Tags: derek+stepan

Martin St. Louis Retires

via New York Rangers release,

Martin St. Louis, who totaled 391 goals and 642 assists for 1,033 points in 1134 regular season games spread over 16 National Hockey League seasons, announced his retirement from professional hockey today. St. Louis, who played right wing for the Calgary Flames (1998-2000), the Tampa Bay Lightning (2000-14), and the New York Rangers (2014-15), leaves the game having been named to seven NHL All-Star Games, while earning All NHL Second Team honors four times and All NHL First Team honors once.

“I have been blessed to play for 16 years in the NHL; it has been an amazing ride,” said St. Louis in making the announcement.  “I would like to thank the Tampa Bay Lightning and New York Rangers organizations and owners for providing me the opportunity to play the sport I love for so many years.  I could have never played for so long or accomplished all that I have without the unwavering love and support from my wife, Heather, our three sons, Ryan, Lucas, and Mason, and my parents.

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  Tags: martin+st.+louis

Glen Sather Did It His Way

from Larry Brooks of the New York Post,

These words, uttered in the aftermath of the 2001 trade that brought Eric Lindros to New York, were the ones Glen Sather lived by throughout a pro hockey lifetime that began when the NHL was still a mom-and-pop Original Six operation:

“It’s better to be a lion for one day than it is to be a mouse for life,” Sather said then, addressing the high-risk nature of the trade for No. 88, and he might just as well have said the very same thing when he traded for Pavel Bure or Rick Nash or Martin St. Louis or Keith Yandle, or when he signed Bobby Holik, Wade Redden or Brad Richards, or when he hired then fired coach John Tortorella.

You know for whom playing it safe really equated to death? Sather, that’s who. Sather, who went for it when the going was good, as it most certainly has been for the last four seasons over which the Rangers have been the NHL’s third-best team — advancing to the conference finals three times, and the Cup final once while finishing with the East’s best record twice and capturing one Presidents’ Trophy.

It’s been kind of the Silver Age of Rangers’ hockey, only without the precious silver chalice.

continued

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  Tags: glen+sather

Viktor Stalberg Headed To The Rangers

 

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About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com

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