The New York Rangers finalized the Tony DeAngelo buyout today. This now closes the book on him and gives Chris Drury extra cap space.
Let’s check where things stand using data from Cap Friendly.
New York Rangers buyout Tony DeAngelo
The New York Rangers placed defenseman Tony DeAngelo on unconditional waivers Friday for the purpose of buying out his contract.
DeAngelo, 25, signed a two-year, $9.6 million contract extension in October 2020. However, he played in only six games last season before being involved in a reported altercation with goaltender Alexandar Georgiev.
Today the chapter closes. The buyout is for one-third of the remaining contract because DeAngelo is younger than 26. The Rangers will pay him $883,334 in each of the next two seasons while carrying cap hits of $383,334 in 2021-22 and $883,334 in 2022-23, according to Cap Friendly.
Rangers current cap situation
Chris Drury currently has $21.875 million in cap space to work with. He must sign RFA’s Igor Shesterkin, Libor Hajek, and Filip Chytil to new deals. Only Shesterkin has arbitration eligibility.
Using their Armchair GM tool, the projected cap space which includes Morgan Barron and Nils Lundkvist comes in at $20,025,198 million. What should be noted is they have $9.25M in bonuses, and $3.1M of that will eat into that number.
At this time, the NYR appear to have just under $17 million in space. Assume Shesterkin gets $5 million on his next deal, Chytil gets around $2.5 million, and Hajek’s next deal comes in at $1.5. That gives the Rangers just over $8 million to play with, and it is likely they will move some salary out in the process of improving the roster.
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