Brad Richards To Return
The Rangers will not use their buy-out option for Brad Richards, meaning the 32 year old center will return for at least one more season with the Rangers. New York will still have the option to buy Richards out at the end of the season, but would be unable to buy him out if he is […]
Drury To Stay
The Rangers will not be buying out the last year of Chris Drury‘s contract after all. Today was the last day in which the Rangers could initiate the process by placing him on unconditional waivers, and they needed to do it by 12:00pm Eastern. According to @stevezipay, @NYDNRangers and AGrossRecord that did not happen. The move means the Rangers will be […]
Buy High, Sell Low
Jesse Spector of the New York Daily News reports today that the Rangers will seek to buy out captain Chris Drury from the remaining year of his five year contract. The move will save around $3.3M in cap space this season, though it will also add an additional $1.7M or so to the 2012-13 cap figure. For […]
Drury To Be Bought Out
This story has had more twists than a Chubby Checker song. It appears that the Rangers will indeed buy out the final year of their captain’s contract, and will go into July 1st with enough cap room to make a serious play for 31 year old Brad Richards. According to Larry Brooks in the NY Post the buy […]
Rangers Buy Out Holik, Jessiman and Lundqvist signed
Rangers Buy Out HolikThe 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 […]
The Rangers And The Cap
It has taken nine months of posturing and several weeks of hard negotiating, but it appears that a new NHL CBA is just around the corner. Though much is yet to be revealed, the one thing that is apparent is that the NHL will likely start the 2005-06 season with a salary cap of around […]