With the Rangers signing Ryan McDonagh to a contract that will have a cap hit of $4.7 million, Cap Geek says that the Rangers currently have $6.5 million in cap space.
The Rangers still need to sign Derek Stepan, Carl Hagelin, Mats Zuccarello and Justin Falk.
The Rangers, during the summer are allowed, to go 10% over the upper limit of $64.3 million. The Rangers need to be below the 64.3 million upper limit by the last day of their training camp.
Cap Geek’s $6.5 million in cap space does not include JT Miller ($1.2 million) but does include Darroll Powe ($1.06 million) and Aaron Asham ($1 million) both of him whom were placed on waivers last week.
Using the Cap Geek cap calculator, adding Miller to the roster but subtracting Powe and Asham gives the Rangers $7.6 million in cap space.