One Down … Four To Go?

A Welcome Sight: Ryan McDonagh's agent shared this photo of the defenseman signing a 6-year deal with the Rangers

A Welcome Sight: Ryan McDonagh’s agent shared this photo of the defenseman signing a 6-year deal with the Rangers (@benhankinson, Twitter)

The New York Rangers were relatively quiet on the first day of free agency, signing Dominic Moore, Benoit Poiliot and Aaron Johnson to one-year deals in an attempt to address depth issues.

Monday, they began to spend what cap room they have where they most needed to – re-signing their own restricted free agents. First to sign on the dotted line is 24-year-old defenseman Ryan McDonagh, who agreed to a 6-year deal, $28.2 million deal that carries an annual $4.7 million cap hit. The contract also reportedly has a limited no-trade clause that goes into effect in the 2016-17 season.

It’s a great deal for the Rangers, who have assured themselves three additional seasons before McDonagh reaches unrestricted free agency. Barring a trade, the Rangers will have their prized blueliner on the roster until he turns 30. After seeing some of the contracts handed out to free agents this go-around, $4.7 million will likely look like a bargain when he could have potentially reached the open market in 2016.

Per Capgeek, the Rangers now have $6,555,833 in space remaining for the 2013-14 season, and still have to take care of Derek Stepan (who seems poised to command somewhere in the $3-$4 million area after a breakout season in which he established himself as the team’s number one center), Carl Hagelin, Mats Zuccarello and the recently acquired Justin Falk. For the Blueshirts to have all four on the roster this fall, it will in all likelihood have to come at the expense of one of their teammates.

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About the Author: Likes: Hockey, the New York Rangers, King Henrik, singing the Rangers goal song, "The Save", the sound skates make against ice, heckling Marty Brodeur. Dislikes: 3-point games, front-office mismanagement, Denis Potvin, overpriced arena beer. Interested? Follow me on Twitter: @CC_927

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  1. howiehockey says:

    Approximately $6.5Mill b/c Glen Sather believes Brad Richards will have a ‘bounce back’ year. So if Brad Richards ends up scoring between 25 & 35 goals this coming season does this mean Sather won’t use the compliance buyout next summer. Then what?
    Then the Rangers have other issues; injury, possible retirement &recapture issues, etc…all going against the cap.
    The only hope is one of our arbitration eligible RFA’s
    goes to arbitration and we can buyout BR after the arb cases.
    Sather’s rationales don’t make any sense, economically or from a hocket standpoint.
    There must be some heavy duty stuff in sather’s cigars b/c
    he has really lost it.
    BTW, Lou Laoriello must have gone off his rocker, too.
    $4.8Mill per for 5 yrs for Ryan Clowe who is one good hiy away from retirement…OMG.

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