I was reading my 2003 THN Draft Preview just for kicks this afternoon, an I came accross an interesting article about compensation picks I thought you all might be interested in.
[QUOTE=The Hockey News 2003 Draft Preview]
The actual slotting of compensatory picks isn't determined until shortly before the draft. The earliest a club can receive a compensatory pick for losing an unrestricted free agent is the 11th pick of the second round (41st overall).
Teams which lose their rights to unsigned first round draft picks also receive compensatory draft picks. These selections are slotted in the same position in the second round as the lost player was chosen in the first round two years earlier. For example, a lost 16th pick in the first round is compensated by the 16th pick in the second round.
A maximum of 30 compensatory picks are allotted in the draft [/b]
What does this mean in regards to Umberger? Since Umberger was a 16th overall pick in 2001, I believe it means the Rangers' compensation should some team signs him (sounds like the Penguins just might) would be the 46th overall pick in the 2004 draft.
The Rangers will receive the 46th pick in the draft as compensation for Umberger.
Even if they sign him now, they still receive the compensation pick, as he's passed his deadline for signing and is a UFA.
we get... umm nothing!
unless we don't sign any free agents this year, then could get a compensation for Rucinsky in next year's draft... although with the holes we have, I think we'll sign a UFA this offseason, thus not getting a comp pick for losing Rucinsky to free agency (assuming we aren't re-signing him).