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Rangers sign McDonagh: six years, $28.2 million

Jul 8, 2013, 8:44 AM EDT

Ryan McDonagh Getty Images

Ryan McDonagh is about to get paid.

TSN’s Aaron Ward reports the restricted free agent defenseman and the New York Rangers are on the verge of signing a six-year agreement.

Steve Zipay of New York Newsday suspects the deal could be worth $5 million-$6 million per season.

Update (9:14 a.m. ET): Larry Brooks of the New York Post says the deal is worth $4.7 million per year, for an overall total of $28.2 million. Great deal.

McDonagh is one of the team’s high-priority guys to be taken care of this summer and locking him in helps keep the offer sheets away.

With him signed the Rangers still need to to take care of Derek Stepan, Carl Hagelin, Mats Zuccarello, and newly acquired Justin Falk.

Jesse Spector of The Sporting News says teams could zero in on Stepan as an offer sheet candidate since the Rangers will be pushed closer to the salary cap.

  1. idonthavethebloodyoucrave - Jul 8, 2013 at 8:46 AM

    If it’s not close to or just above 6 million per season, he needs to fire his agent stat.

    • drewsylvania - Jul 8, 2013 at 4:16 PM

      If he required that, he’d be sitting at home for a while.

      • idonthavethebloodyoucrave - Jul 9, 2013 at 12:26 PM

        It’s very rare that a restricted free agent is in such a powerful bargaining position that Ryan McDonagh was in. But his agent let Sather slow the process until his options became limited and McDonagh’s agent should be fired. This guy is worth the mid to high 5s with the very low 6s being an overpay. If this guy continues to dominate the way he’s playing, then he could have easily become the next 7 Million dollar defenseman when this contract ends at the age of 30. Now there’s much less chance of that kinda pay raise when the bar was set this low.

        Heh, I just found out who is agent is, Ben Hankinson, and now I’m no longer surprised. That’s the same idiot who put up more of a fuss about the marketing of his client’s last name in a more grammar friendly manner than worrying about his client playing the next night after suffering a concussion.

        It’s now much clearer how this contract failure happened.

        Good for the Rangers though. One person’s failure is the Rangers gain.

  2. peterjohnjoseph - Jul 8, 2013 at 8:53 AM

    Derek Stepan really is a risk to be offer sheeted. I’m fully aware McDonagh was first priority to the Rangers, and probably worth whatever they give him, but every game I’ve seen the Rangers play, Stepan was such an impact player, and I’m sure his potential is off the charts. With the cap being as it is for the Rangers, another team could really put them in a difficult position where they may have to loose a guy that from what I see, really isn’t someone you want to watch walk out the door at this point in his career.

  3. tfaltin - Jul 8, 2013 at 9:23 AM

    YES! He’s a steal at 4.7. He’s the Rangers present and future #1 defenseman. He’s elite, and if you question it, ask Alex Ovechkin about him. This does force the Rangers to live dangerously with Stepan, but McDonagh had to be the priority. Looking forward to getting 27 in blue for six more years.

    • drewsylvania - Jul 8, 2013 at 4:24 PM

      He must be a great defender, because his offensive numbers aren’t anything to write home about.

  4. homerx - Jul 8, 2013 at 9:25 AM

    If the Rangers lose Stepan because of the Richards salary cap and their reluctance to buy him out I may have to boycott part of the season. (like the Rangers care what I do)

    • peterjohnjoseph - Jul 8, 2013 at 9:35 AM

      The only person who can fix that situation now is Richards. If I were him I’d be using this summer to get in the best shape of my career, and prove last year was a fluke. Remember, he WAS worth that money (or at least close to that amount.. I think thats steep for anyone, but still..). If he can play like the Richards of old, all will be forgotten and forgiven. Although, loosing Stepan is a loose no matter how you try to spin it. I’m not even a Rangers fan and I enjoy watching that kid.

  5. 19to77 - Jul 8, 2013 at 11:36 AM

    A lot of teams have cap space enough to risk pitching an offer sheet at Stepan just to see what happens. The Caps, the Leafs, the Flames, even the Devils and Islanders have both the cap room and the need for a player of his style and calibre. Rags are taking a risk here. Do they let Hagelin or Zuccarello go to retain Stepan, or do they risk somebody throwing him six million a year and forcing their hand?

    • DED - Jul 8, 2013 at 1:05 PM

      Worst case scenario: Rangers let Zuccarello go (I don’t think he’ll accept a move to the AHL again) and they low ball Hagelin but make it a two-year contract with the promise that if he performs they’ll reward him (or someone else will). The Rangers can NOT lose Stepan. He’s integral to their offense: leading the team in points during the regular season (44 points in 48 games) and goals scored in the playoffs (4). I’d hate for the Rangers to lose Hagelin but if they have to choose between the two they need to retain Stepan.

  6. jpelle82 - Jul 8, 2013 at 11:43 AM

    another 6 years worth of high fives and back slapping from glen sather, best trade he ever made.

  7. micklethepickle - Jul 8, 2013 at 11:59 AM

    WOW, what a deal! Can’t believe he signed for so low.

  8. stakex - Jul 8, 2013 at 12:04 PM

    The Rangers cap situation isn’t actually that bad when you really look at it.

    Right now they have $6.5 million in free space, but that’s with 12 forwards and seven defensemen currently on the roster. So if they were to re-sign Stepan and Hags, they could trade/demote two other forwards (Asham and Powe) and free at least $1.8 million more in cap space (max cap relief for a player in the minors is $900k). They also have seven defensemen on the roster, and only need six to start the season. Aaron Johnson probably won’t make the team, so that’s another $600k off the books.

    With that factored in, they actually have closer to $9 million to work with. That should be plenty to re-sign Stepan and Hags… and probably Zuccarello. In fact, if they re-sign Zuccarello they could shed another contract to the minors and gain $900k more in cap space. Same goes for Justin Falk since signing him would give them another extra defensemen.

    So their cap situation isn’t as dire as it might appear so long as the Rangers don’t take too long to get a deal done.

    • johnstone17 - Jul 8, 2013 at 3:54 PM

      Asham was already released.

      • DED - Jul 8, 2013 at 5:05 PM

        So was Powe but both players are still listed as on the roster at CapGeek so I don’t know if they cleared waivers. The last I heard was this.

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