According to HNIC journalist Elliotte Freidman, negotiations between Derek Stepan and the New York Rangers have ended. Both parties have agreed to a deal worth that is said to be worth 6.5 million dollars over two years which would be 3.250 million per season. It seems that Derek Stepan finally crumbled under pressure and took the deal General Manager Glen Sather wanted all along.
This is great news for the New York Rangers fan base as things were getting intense as we inched closer to the opener without Stepan on the roster. He will now report to camp and hopefully he will be ready to play full-time minutes October 3rd when they open up the season against the Phoenix Coyotes out west. While a deal is done, this puts the Rangers pretty close to the salary cap ceiling so you can expect some roster moves to be made whether it would be demoting fringe roster players like Darroll Powe or Aaron Asham, or putting one of our injured players on the Long-Term Injury Reserve (LTIR). We could possibly see someone put on waivers or even traded though as well so we will update this as we hear more when news comes out.
Update 1:30 PM: According to various sources, Derek Stepan has signed a deal worth 6.5 million dollars over two years. This is great news for everybody. I would still be on the look out for a roster move to be made though as they are pretty close to the cap to begin with.
Update 3:51 PM: According to sources Stepan will make 2.3 million in the first year of the contract, leaving around 3.8 mill for next season. A very good deal for the Rangers.