Rangers Buy Out Holik, Jessiman and Lundqvist signed
Rangers Buy Out Holik
The much speculated buy-out of the remainder of Bobby Holik’s contract is now official. The New York Rangers announced today that they have elected to pay approximately 8.9 million dollars to buy out the remainder of his contract, which had him scheduled to make 6.726 million for each of the next two seasons. The move means the Rangers now have just 11 million dollars committed to contracts for five players, excluding those on two-way deals.
After signing a five year 45 million dollar deal in July of 2002, Holik reportedly came to camp out of shape and sustained a hip flexor injury early in his first season that limited his effectiveness. Under utilized as the premier two way centerman he was billed as, Holik gradually made it known that he was dissatisfied with his role and certain aspects of the Rangers organization. Always willing to share his opinion, the Czech born forward’s comments were not always welcomed by the team’s front office.
The leading scorer for the Rangers in the 2003-04 season, he was the only Blueshirt to dress for the entire schedule and finished his career with the team with an Overtime winner in Washington to conclude the season. Holik is expected to be a highly sought after free agent this summer as teams look to cash in on the Rangers decision to buy out his contract.