New York Rangers salary cap buyout penalties finally end next summer


March 15, 2019; Calgary, Alberta, CAN; New York Rangers defenseman Kevin Shattenkirk (22) controls the puck against the Calgary Flames during the third period at the Scotiabank Saddledome. The Calgary Flames won 5-1. Mandatory Credit: Sergei Belski – USA TODAY Sports

The New York Rangers salary cap is struggling with $3,427,778 in buyout penalties. Some of them come from takeovers that took place in 2017.

This freed up cap space will come at a perfect time for at least one of the Blueshirts’ pending young restricted free agents.

Forever Blueshirts will dive deeper into the Rangers salary cap situation this month starting with dead cap money.

New York Rangers Salary Cap: Buyout Penalties

Here’s a breakdown of the buyouts Rangers are still paying:

  • Kevin Shattenkirk ($1,433,333)
  • Dan Girardi ($1,111,111)
  • Tony DeAngelo ($883,334)

To note: All capitalization data via CapFriendly

Acquisition of Dan Girardi

On June 14, 2017, the New York Rangers bought out Dan Girardi’s contract. At the time, the 10-year Blueshirts veteran had three years left on a contract that carried a $5.5 million AAV.

The burly shot-blocking defender was a warrior for the team during the black and blue shirt days. He was part of one of the NHL’s best saving duos with Ryan McDonagh and helped the team reach the Stanley Cup Final in 2014.

Unfortunately, his body could not withstand the wear and tear. Girardi’s game began to decline at the end of the 2015 campaign.

Takeover of Kevin Shattenkirk

Rangers bought out Kevin Shattenkirk’s contract on August 1, 2019. It was a shocking turn of events, considering he was a prized free agent in 2017 and signed with the team for less money than others.

New York bought out the last two years of his four-year contract which came with a cap of $6.65 million. They obviously needed space after signing Artemi Panarin that summer to a monster 7-year contract with an AAV of $11.6 million.

Unfortunately for Shattenkirk, he was playing on a bad knee for the most part with Rangers. The attacking defender simply struggled in his own end trying to play the first four minutes.

Buyout of Tony DeAngelo

On July 24, 2021, the Rangers and Tony DeAngelo ended a tumultuous relationship.

After signing a two-year, $9.6 million contract extension in October 2020, he couldn’t avoid trouble with his coach and teammates. After a scrape early in the season, things escalated when he was involved in a reported altercation with goalkeeper Alexandar Georgiev.

Former general manager Jeff Gorton warned DeAngelo before the incident that any problems would spell the end of his Rangers career. After only six games, he will not play again for the Blueshirts.

The buyout was for a third of the remaining contract because DeAngelo was under 26. The Rangers cap reached last season was $383,334 and ends with $883,334 this year.

2023 New York Rangers salary cap

new york rangers
June 1, 2022; New York, New York, United States; New York Rangers defenseman K’Andre Miller (79) celebrates a 6-2 win over the Tampa Bay Lightning with left wing Chris Kreider (20) and center Frank Vatrano (77) in Game 1 of the 2022 Stanley Cup Playoffs Eastern Conference Finals at Madison Square Garden. Mandatory Credit: Danny Wild-USA TODAY Sports

The New York Rangers will see the following players become restricted free agents in 2023:

  • Alexis Lafreniere
  • Filip Chytil (arbitration rights)
  • Julien Gauthier (arbitration rights)
  • K’Andre Miller
  • Libor Hajek (arbitration rights)
  • Vitaly Kravtsov
  • zac jones

It’s also worth noting that Ryan Reaves and his $1.75 million cap will be off the books. Additionally, Jaroslav Halak’s $1.5 million is also gone, but Rangers will need that money for another save.

Looking at the $3.4 million in dead space coupled with the $1.75 million in Reaves, you get just over $5 million.

The New York Rangers are expected to take $4-5 million and sign K’Andre Miller to a five-year contract.

As for the rest of the RFA, only Alexis Lafrenière will be a lock to return with Filip Chytil to a lesser extent.

How will Rangers sign them? That’s why you hear the term “cap squeeze” so often when discussing the future of the team.

It’s not an easy problem to solve and it likely means some players like Barclay Goodrow, who have an amended trade clause, could be at risk next summer. Rangers could also ask Jacob Trouba or Chris Kreider to waive all of their no-move clauses, but that will be a challenge.

What should the New York Rangers do with Nils Lundkvist?

NHL News and Rumors

Posted In NHL

Leave a Reply

Your email address will not be published.