Report: Rangers, McDonagh Agree to New Contract.

Various sources report the New York Rangers have agreed to a new long-term contract with restricted free agent defenseman Ryan McDonagh.

Rangers re-sign Ryan McDonagh to multi-year extension.

Rangers re-sign Ryan McDonagh to multi-year extension.

 SPECTOR’S NOTE: TSN’s Aaron Ward reports it’s to be a six-year extension which will be announced later today, while Steve Zipay of Newsday speculates it could be worth between $5-$6 million per season. That’s a fair deal for arguably the Rangers best defenseman, who has quickly become a stalwart on their blueline since his debut in 2010-11.

This news should also come as a relief for some Rangers fans, who were fearful a rival club might ink him to an expensive offer sheet. At 24, McDonagh’s best seasons are still ahead of him, which could make this new contract look very affordable over the long-term.

In the short term, however, McDonagh’s new deal bites deeply into the Rangers $11.255 million in cap space, which won’t leave much to re-sign Derek Stepan, Carl Hagelin, Justin Falk and Mats Zuccarello.

**UPDATE** McDonagh’s average annual cap hit is $4.7 million. That’s right, $4.7 million. Kudos to Rangers GM Glen Sather and McDonagh’s agent for working out a fair deal. That’s better than the estimation, much better. Sure, it still taks a sizable chunk of their cap space, but it leaves more money on the table to re-sign McDonagh’s teammates. 

 

6 Comments

  1. PHEW!!!!!!!!

  2. can you believe Bob Gainey move him and Higgins for Gomez?

    • Tell me about it… One of the worst trades in Habs history.

      • Not just Habs history, history period!

  3. Great resigning for the Rangers. Now they need to lockup Step & Hags. With McD as their highest paid blue-liner, will they have to consider moving Staal or Girardi over the season or two? McD, Moore, Staal, & Girardi are a strong top four. They still obviously have an organizational need (and they are not alone) for an offensive D-man. Do you think under a new coach MDZ may be able to assume the PP QB role? Otherwise they will have to pry away a top end guy like Ryan Murphy, Morgan Rielly or Matt Dumba. Or try to find a guy that has lost some shine like Runbladt.

    • hindsight…I would have bought out Richards. SIgned Scuderi to partner with MDZ. Let MZA walk (sadly) and let Kristo, Kreider and JT Miller stay up with the big club.
      Trade away Asham and not sign Pouliot. I do like the Dominic Moore signing though

      Kristo-Stepan-Cally
      Boyle(only issue)-Brassard-Nash
      Hags-Miller-Kreider
      Powe-Moore-Dorsett
      (Pyatt)
      McD-Giradi
      Staal-Moore
      MDZ-Scuderi
      (Stralman/Falk)
      shame Falk is injury prone