Given our 30 year history with number one picks, can't really be mad that they gave couple away for MSL. For us, the number 1 pick is a waste of a pick given the horrid record.
Carkner (14th overall), More (10th), Rice (20th), Stewart (13th), Ferraro (24th), Cloutier (26th), Brown (22nd), Cherneski (19th), Malhotra (7th), Brendl (4th), Jessiman (12th), Montoya (6th), Sanguinetti (21st).
Kovalev and Leetch are probably the best that we've gotten in first round.
I tend to disagree with the view that the Rangers are bad, historically, at drafting in the first round. For one thing, Carkner, More, Cloutier, Cherneski, and Malhotra weren't busts. Carkner played over 850 games. More, while never a top pairing guy, played over 400 games and then suffered a career-ending injury at 28. Cloutier played over 350 games, including 5 years as a starter. Cherneski's career was cut short by injury before it even began. Malhotra turned out to be a top tier 3rd liner.
Cherneski's story is more common with prospects than people like to admit, even if it was more dramatic than most. Jim Malone, the Rangers 1st round pick, had his career basically ended by a knee injury. Dan Blackburn's story is well known. As is Alexei Cherepanov's. I actually put Hugh Jessiman in that list too, as he was never the same after his ankle injury.
Since 1980, the Rangers have drafted Patrick, Carkner, Gagner, Dahlen, Leetch, More, Kovalev, Sundstrom, Cloutier, Malhotra, Korpikoski, Staal, and Del Zotto in the first round. 13 1st rounders with successful NHL careers in 28 years. That's a 46% success rate, which is fairly standard in the NHL. Especially since they only had 1 top-5 pick in that span. The reason it doesn't seem that way is because about half of them spent the best years of their careers somewhere else.