Latest on Thomas Vanek, Ryan Callahan, Mike Cammalleri, Alexander Edler, Sam Gagner, David Legwand and Tim Thomas.

Islanders now shopping Vanek?

Islanders now shopping Vanek?

TSN.CA: Darren Dreger claims NY Rangers winger Ryan Callahan is seeking more that $6.5 million but less than $7 million on a seven-year deal. The Rangers don’t want to pay him more than $6 million per and Dreger considers it 50-50 Callahan could be dealt by Friday’s Olympic roster freeze. He also claims the Chris Stewart deal with the St. Louis Blues is still there, and touched on the Rangers still having to re-sign Dan Girardi…Bob McKenzie claims Islanders GM Garth Snow is still trying to re-sign Thomas Vanek but is also looking at trade scenarios for the March 5 trade deadline. McKenzie suggests the LA Kings and Pittsburgh Penguins could have interest in Vanek…McKenzie rejects the notion the Canucks acquisition yesterday of defenseman Raphael Diaz sets the table for an Alexander Edler trade, suggesting it was done to add depth to their injury-depleted blueline…He also claims the Nashville Predators are shopping pending UFA center David Legwand, with the expected asking price a first or second round pick. Legwand carries a full no-movement clause and will ultimately decide where he finishes this season.

NHL LIVE (VIA KUKLA’S KORNER): Dreger repeated what he and McKenzie discussed above, plus spoke about the slumping Kings. He claims they could pursue Vanek, Buffalo’s Matt Moulson, Calgary’s Mike Cammalleri and perhaps Edmonton’s Sam Gagner, though the latter still has term on his contract which could be a tight fit under the Kings’ limited cap space.

NEWSDAY: Arthur Staple yesterday broke the news Thomas Vanek rejected a expensive contract (believed in the range of his current seven-year, $50 million contract) and GM Garth Snow is now fielding trade offers.  Having given up winger Matt Moulson, a conditional first rounder in 2014 and a 2015 second rounder for Vanek, Snow could try to get a similar return for him.

SPORTS BUSINESS JOURNAL’s Chris Botta tweeted: “Told that Thomas Vanek is well aware he may be leaving $ on the table. He knows he may not get 50/7 from his teams of choice.

ESPN.COM: Katie Strang reports Ryan Callahan’s agent Steve Bartlett intends to “circle back” in talks with the Rangers. Callahan meanwhile declines to comment on the negotiations and doesn’t wish to be drawn too deeply into the talks.

NORTHJERSEY.COM: Andrew Gross suggests trading Callahan could unravel the team chemistry the Rangers have developed in recent weeks, potentially jeopardizing their playoff hopes.

NBC SPORTS: Mike Halford cited an interview CBC’s Elliotte Friedman gave with Sportsnet 960 radio where he claimed the Kings are interested in Oilers center Sam Gagner. He claims there’s some “moving parts” to this, among them the question of the Oilers absorbing part of Gagner’s remaining contract.

SPECTOR’S NOTE: Sounds like negotiations between the Rangers and Callahan’s agent will continue. Unless the Rangers’ captain is willing to reduce his asking price it appears GM Glen Sather will try to move him by Friday…Unless the Islanders are prepared to grossly overpay Vanek he’ll probably be moved by the March trade deadline. I could see him taking a discount to sign with the Minnesota Wild this summer but I don’t think the Wild will trade for him now because of the difficulty in absorbing the remainder of his contract under their limited cap space…If the Preds do move Legwand that would potentially cripple their playoff hopes…Gagner has two years left on his three-year deal with a NTC that kicks in next season at a cap hit of $4.8 million per season. The Kings currently have over $1.4 million in cap space. They’ll not only need the Oilers to absorb part of Gagner’s contract but will also need to move out a player to shed further salary to make this work.

NORTHJERSEY.COM: Tom Gulitti reports the Devils need for a scoring left winger has GM Lou Lamoriello showing interest in Flames winger Mike Cammalleri. It’s believed the Flames seek draft picks and/or prospects in return. The Devils lack a pick in the first round of this year’s draft.

SPECTOR’S NOTE: The Devils have also be trying to restock their cupboard of prospects and could be reluctant to part with much.

SUN-SENTINEL.COM: Craig Davis reports Florida Panthers goalie Tim Thomas is receptive toward the possibility of re-signing with the club.