Bobby Bevilacqua

The Rangers need to clear cap space in order to re-sign their RFAs. To do that, some cap needs to be cleared on defense, and players like Dylan McIlrath and Brady Sjkei, both first round picks, should get playing time in the NHL. Photos courtesy of Jim McIsaac/Getty Images and MSG Photos.

The Rangers are currently in a bit of a cap crunch. As of right now, the Rangers have $59.5 million tied up in 14 players. The salary cap for next year is expected to rise to around $71 million, potentially rising slightly higher than that figure. Using that number, Glen Sather have $11.5 million free to sign seven free agents.

For this upcoming offseason, the Rangers will have to decide what to do with their three unrestricted free agents – Martin St. Louis, James Sheppard, and Matt Hunwick, and four restricted free agents – Derek Stepan, Carl Hagelin, Jesper Fast and JT Miller.

Its expected that Sather plans on signing all four of the restricted free agents, which he should do, as they are all young, talented players that can be counted on for the future. Derek Stepan will be the most expensive, and Carl Hagelin could also get a good raise. Hagelin, Miller and Fast could wind up getting bridge deals, something that Sather does quite often.

There is a problem with trying to sign all of the RFAs. According to an estimate by Joe Fortunato from Blueshirt Banter, re-signing Stepan, Hagelin, Fast and Miller would cost around $13.5 million, more than the Rangers would have free in cap space. It also means that there would be absolutely no room to sign St. Louis, Hunwick or Sheppard. Read the rest of this entry →