New York Rangers plan to buyout Tony DeAngelo after Stanley Cup Final
Although this was a fairly foregone conclusion, Frank Seravalli is reporting today that the New York Rangers will be buying out Tony DeAngelo.
The New York Rangers have finalized plans to buy out the final year of defenseman Tony DeAngelo’s contract, set to become official once the first buyout window opens 24 hours after the Stanley Cup Final concludes.
Frank Seravalli, Daily Faceoff
Rangers plan to buyout Tony DeAngelo
The New York Rangers plan was to first trade him. When teams inquired and were told they would not retain salary, interest died. Now, Chris Drury will expose DeAngelo to Seattle in the Expansion draft and then buy him out for a nominal amount. DeAngelo has one year left at $4.5 million next season and his buyout is only 1/3 of his deal because of his age. That would only be a cap charge of $383,333 in 2021-22 and $833,333 in 2022-23.
A look at the Blueshirts cap situation next season has them with what is expected to be over $30 million after the buyout. There will be work to do such as signing players like Pavel Buchnevich and Igor Shesterkin. However you can already see the cap space to add a big contract in the summer via trade if they choose.
There was an opportunity for him to agree to a mutual contract termination in order to play again this season. Reports indicated the Montreal Canadiens were interested in signing him if he chose to do so.
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