The Offseason Thread V: Needs to End Edition
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08-08-2013, 03:07 PM
HOPE & CHANGE
Join Date: Mar 2002
Location: New York
Stop coaching Pat
The organization could re-sign restricted free agent center Derek Stepan for more than their approximate $2.8 million remaining under the upcoming season’s $64.3 million salary cap. The NHL is allowing teams to spend up to 10% above the ceiling this offseason, as long as they get back under the cap by the final day of training camp.
But Rangers assistant GM Jeff Gorton said Thursday at Yankee Stadium that the Blueshirts do not intend to spend over and put themselves in the position of having to shed salary in September. That means Stepan’s annual pay on his eventual contract almost certainly will come under $3 million.
We’ve got to plan on being under the cap, and we should start doing that now,
” Gorton said near the on-deck circle in the Bronx, where the NHL held a press conference to promote the Blueshirts’ Jan. 26 and Jan. 29 outdoor Stadium Series games against the Devils and Islanders, respectively. “I don’t want to rule anything out, but that’s how we’re planning to be under the cap when it’s time, because that’s the rules.”
Gorton said he and Stepan’s representatives haven’t talked in a few weeks but that he plans on speaking with them “in the next few days.” The Rangers prefer to negotiate two-year bridge deals off most players’ entry-level contracts, but Stepan is unique and proved indispensable to the club last season.
In a 2 year contract bridging the non and arbitration years,Stepan is not getting more than $2.8M. It will be more than $3M in a long term deal.
Moving a player(Brian Boyle?)would give Gorton flexibility to sign Stepan to a long-term contract.
Gorton said the Rangers would prefer not to exceed the salary cap during the summer - they can by up to 10 percent until the start of the season - and that does make it more difficult to conclude a bridge contract with Derek Stepan, who was not arbitration eligible and thus really has little leverage in these negotiations without receiving an offer sheet, which is all but assured of not happening.
How much does Andrew think it will cost to sign Stepan?
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