Confirmed with Link: Rangers buy out Shattenkirk

[haohmaru]

To all the folks moaning about the dead space for next season, I think there is a bright side. The Rangers, after years of stubbornly dragging their feet, are in the midst of making a transition to a defensive corp that is young, mobile, and dynamic. The dead space is a byproduct of dealing with poor decisions, ones that are showing signs of remaining in the past. And, as luck would have it, just when the Rangers are running out the clock on that hideous dead space next season, we should have a team thats in the early stages of beginning to make some noise around the league.

While I don't disagree with what you write above, I also don't think it's wrong to moan about paying 7.5M (nearly 10% of your cap) to players who, you know, aren't playing for you.

Would've been nice if there had been another solution.

 

[bobbop]

The guys running this thing are a lot smarter than us. Let's accept that fact. The Rangers knew exactly what they were getting into when they signed Panarin and traded for Trouba. I'm sure they pursued alternatives.

The lowly Coyotes have (had) a salary cap model that accounts for not only all of the players under contract but also estimates their future contract value based on the market place. Change one assumption and all of the other assumptions adjust accordingly. They also had a full time guy running numbers which I assume the Rangers do also. It also tracked all players under contract around the league.

We have a lot of great conversations around here but the one area we seem the furthest off on is player value and salary cap implications.

 

[Blueshirt Special]

Shatty is a nice guy and all but I never liked the signing from the git-go. This is the kind of "tough decision" move they have to be able to make if we are going to be serious Cup contenders. We are going in the right direction.

 

[mike14]

After those first 2 in 3 nights, we have one game in 11 days, any reason for that?

I'll be in NY for most of those 11 days and the NHL hates me....

 

[will1066]

I think that was before trading two draft picks and signing Nikita Gusev but could be wrong



Center Field for the New York Mets.

No, you're right. It was before Gusev. A pure buy of Shattenkirk on the cheap would not be a bad move for them as a 3rd pair D, though they seem to be set on RD.

 

[Bleed Ranger Blue]

While I don't disagree with what you write above, I also don't think it's wrong to moan about paying 7.5M (nearly 10% of your cap) to players who, you know, aren't playing for you.

Would've been nice if there had been another solution.

The other solution would've been to not invest almost $20M annually in Panarin and Trouba. Landing the #2 pick and Kakko changed things. The Rangers, and perhaps rightfully so, feel like they got 3 cornerstones these past couple of months - one of which will be on an ELC for 3 years.

The dead cap space is just an inconvenience when measured against that.

 

[Chaels Arms]

Can we just take a moment and appreciate James Dolan for a second?

I know Knick fans hate the dude, but I'm not a basketball fan and don't carry the same emotional baggage.

As an owner, the man has written any check the FO asks him to, and doesn't seem to meddle in team business. There's absolutely no way Gorton signs Panarin to an $81.5M contract without Dolan signing off. There's also no way that it wasn't explained to Dolan that a buyout might be necessary because of it.

Look at the other end of the spectrum. Ottawa acquiring contracts with salary savings and LTIR insurance eligibility to artificially get above the cap floor.

It's been talked about ad nauseum before but we're fortunate Dolan doesn't care about the Rangers.

 

[haohmaru]

The other solution would've been to not invest almost $20M annually in Panarin and Trouba. Landing the #2 pick and Kakko changed things. The Rangers, and perhaps rightfully so, feel like they got 3 cornerstones these past couple of months - one of which will be on an ELC for 3 years.

The dead cap space is just an inconvenience when measured against that.

The solution would've been not signing Smith and Shattenkirk to begin with.

It's been a good NYR summer, no doubt, but this is a move that I'm not loving.

 

[patnyrnyg]

I haven't read the entire thread, so if it has already been mentioned, I apologize. For those not happy with the buy-out because of the cap hit next year, a few things to consider:

1) The cap hit for Girardi's buy-out is $3,611,111 this year, but only $1,111,111 next year. So, they gain $2.5MM in cap space.

2) At the end of the season, the following contracts expire: Kreider (4.625MM), Namestnikov (4MM), Strome (3.1MM), Belesky (1.9MM) and Fast (1.8MM).

Between 1 and 2, that is a total of $17.925MM.

Yes, players will need to be signed and they will cost money. But, they will still have almost $12MM after the hit on Shattenkirk, and what will they need?

Forwards? 5 of their top-6 they have to think is set between Panarin, Zibanejad, Kakko, Kravtsov, Buchnevich. Possibly Chytil as well. For the bottom 6, they have Anderson, Howden, Lemieux. So either 1 top-6 forward and 2 bottom-6 forwards or 3 bottom-6 forwards. Not going to need a lot of money to sign those types of players.

On D, they will not need anyone. Between Trouba, Skjei, Fox, Staal, Smith, D'Angelo, Hajek, Lindgren, Rykov, and most likely Miller, their D is set.

The following year, the hit drops to $1,433,333, so they gain almost $5MM on that, plus you have Lundqvist (8.5), Staal (5.7) and Smith (4.35) coming off the books. A total of $23.55M. Chytil, Anderson, Howden, Buchnevich will be FA, likely Lemieux and D'Angelo as well, but again, they will have plenty of space to keep those guys, if they so desire.

 

[bernmeister]

Didn't that happen during Training Camp. Makes you wonder why he was cleared to play if it affected him that badly.

IMO it was effin AV doing a Billy Martin as standard bearer for the effin win now at any cost contingent, regardless of consequences, including player damage and consequences thereof.
Slats has a mixed record with pros and cons overall, but on this, like Torts before with Clowe, he decided to defer and give the coach enuf rope with which to hang himself.

I'm not a doctor but if this was as reported a meniscus tear and no one should be playing on it, he should have been put on LTIR.

But [Belushi remembered] nooooooooooooooooooooooo....

 

[bernmeister]

The numbers you saw were not correct. They updated them again. They didn't include the Shattenkirk buyout money.

View attachment 247609

How are the Rangers paying Deangelo $2.25M and Lemieux $1.5M?

Their numbers don't include $925,000 to Kravtsov. It becomes $1.9M in cap space.

Signing Lemieux and keeping Nieves gives them 14 forwards. The Rangers aren't keeping 14 forwards.

Sending down Boo gives $2.61M.

Yes.
OR
we keep the better skating pivot and move a more expensive vet
and/OR
we admit we can no longer afford Skjei at 5.25 and deal him for close to market and go with the kids.
If necessary, which is not a given at this pt, we can sign a cheap vet 2 way for min for this season only as stopgap as the kids get ready.
Rykov should have a decent shot at less demanding 3rd pair to break in.

And we try to get some bang for the Marc Staal buck since we made that bed and have to lie in it.

 

[offdacrossbar]

im ok buying out shatty if it means keeping kreider for this season and perhaps beyond.

im also ok selling him off at the deadline ala hayes.

kreider is kreider. shatty was a redundant piece.

 

[Hire Sather]

wish this board would ban the word "pivot"

just f***ing say center, dude.

 

[SnowblindNYR]

wish this board would ban the word "pivot"

just ****ing say center, dude.

 

[JCProdigy]

Or it gets in the way of trading for a quality player with a bigger contract.

Well thank god elite players become available every year then!

 

[HockeyBasedNYC]

If this buyout had to made without guys like Panarin, Trouba, Zib & Kakko on the team and the great summer they’ve had it would be a lot worse.

Turning the page and looking forward to Traverse!

 

[ReggieDunlop68]

It's natural for people to emphasize the offensive abilities of players and not their defensive abilities. We always talk about the power player--who is going to be on it--how they're going to produce. We don't nearly talk as much about he penalty kill but each are equal in my eyes. Either can help you win or lose you games.

It's also a reason IMO why Shattenkirk was bought out--his inability to produce on the power play last year and the Fox and Trouba deals. His not being much of an option on the penalty kill either. Defensemen who can produce on the power play and be effective penalty killers or all situation players are gold. When you can't be effective on either you're in big trouble and especially if you're making big $'s. The Rangers still see Staal IMO as a viable penalty killing D--maybe not a great one but they still see a role for him. That said it might be his turn to be bought out next year. Clock's ticking anyway--I seriously doubt he'll get another contract from us.

And historically speaking, especially Ranger fans.

 

[NernieBichols]

The writing was on the wall for this when you think about it. The second they signed Trouba and acquired Fox, that spelled the end for him. Trouba, DeAndelo and Fox. I did not think that Stall would be bought out and have all along maintained that Smith is starting the season as the 12th forward who will drop back to play on D in case of injuries, penalties, etc. It just looks like the musical chairs stopped and there was not one for Shattenkirk.

Ha,
I’d say the second he went out needing knee surgery 4 months into signing his contract was the writing on the wall he was gonna eventually be bought out

 

[jfc64]

Was Shattenkirk really that bad?

 

[Ola]

wish this board would ban the word "pivot"

just ****ing say center, dude.

Sather says center-ice-men right?

 

[The Crypto Guy]

Was Shattenkirk really that bad?

Nah. Cap casualty

 

[Rangers ftw]

I haven't read the entire thread, so if it has already been mentioned, I apologize. For those not happy with the buy-out because of the cap hit next year, a few things to consider:

1) The cap hit for Girardi's buy-out is $3,611,111 this year, but only $1,111,111 next year. So, they gain $2.5MM in cap space.

2) At the end of the season, the following contracts expire: Kreider (4.625MM), Namestnikov (4MM), Strome (3.1MM), Belesky (1.9MM) and Fast (1.8MM).

Between 1 and 2, that is a total of $17.925MM.

Yes, players will need to be signed and they will cost money. But, they will still have almost $12MM after the hit on Shattenkirk, and what will they need?

Forwards? 5 of their top-6 they have to think is set between Panarin, Zibanejad, Kakko, Kravtsov, Buchnevich. Possibly Chytil as well. For the bottom 6, they have Anderson, Howden, Lemieux. So either 1 top-6 forward and 2 bottom-6 forwards or 3 bottom-6 forwards. Not going to need a lot of money to sign those types of players.

On D, they will not need anyone. Between Trouba, Skjei, Fox, Staal, Smith, D'Angelo, Hajek, Lindgren, Rykov, and most likely Miller, their D is set.

The following year, the hit drops to $1,433,333, so they gain almost $5MM on that, plus you have Lundqvist (8.5), Staal (5.7) and Smith (4.35) coming off the books. A total of $23.55M. Chytil, Anderson, Howden, Buchnevich will be FA, likely Lemieux and D'Angelo as well, but again, they will have plenty of space to keep those guys, if they so desire.

Thank you, I’ve been wondering what our cap will look out the upcoming seasons. Well done sir!

 

[GAGLine]

The Rangers knew exactly what they were getting into when they signed Panarin and traded for Trouba.

Even before we traded for Trouba, Gorton mentioned the possibility of using the 10% cushion, so he knew exactly what the implications would be if things went as planned.

 

[East Coast Bias]

Can we just take a moment and appreciate James Dolan for a second?

I know Knick fans hate the dude, but I'm not a basketball fan and don't carry the same emotional baggage.

As an owner, the man has written any check the FO asks him to, and doesn't seem to meddle in team business. There's absolutely no way Gorton signs Panarin to an $81.5M contract without Dolan signing off. There's also no way that it wasn't explained to Dolan that a buyout might be necessary because of it.

Look at the other end of the spectrum. Ottawa acquiring contracts with salary savings and LTIR insurance eligibility to artificially get above the cap floor.

Not sure Spaulding Smails only having the attention span large enough to meddle in one sport is something we should be complimenting him for.

 

[Larrybiv]

Oops, quoted wrong person.