Free Agent Focus: New York Rangers
Free agency is now just a month away and teams are looking ahead to when it opens. There will be several impact players set to hit the open market in July while many teams have key restricted free agents to re-sign as well. We continue our look around the NHL with an overview of the free agent situation for the Rangers.
Key Restricted Free Agents
F Kaapo Kakko – Kaapo Kakko’s pending free agency has become just as prolific as the rest of his early career, with the former second-overall pick not doing much to warrant a shiny new contract after a big step back this season. Kakko scored 18 goals and 40 points last year, beginning to vie for a
somewhat comfortable role in the Rangers’ top-six, but he lost his momentum with just 13 goals and 19 points this year. It’s the third season of Kakko’s five-year career where he’s managed fewer than 20 points, with his career totals now sat at 117 points through 300 games. The measly scoring has continued into the postseason, where Kakko has just nine points in 44 career games. It’s hard to give up on one of the top names from an illustrious 2019 top 10, but New York will certainly use these contract negotiations as a chance to reset their expectations for the Finnish forward.
D Braden Schneider – Juxtaposing Kakko’s tame years with the Rangers, Schneider has done everything and then some to show he’s deserving of an everyday spot in the Rangers lineup since making his debut in 2021. He played in all 82 games this season and posted five goals and 19 points, one-upping his 18-point career-high set in 81 games last year. His ice time grew from an average of just 15 minutes in October to 17 minutes in the postseason, with Schneider even receiving top-line minutes multiple times throughout the season. It’s been a statement year for Schneider, who can enter negotiations confident that the Rangers will want to lock him up for the foreseeable future. But what price that term will require is yet to be seen. In a year with very few pending free agents, Schneider will be New York’s most integral re-signing.
D Ryan Lindgren – Amidst two restricted free agents on very different ends of the scale, Lindgren exists somewhere in the middle. His value is divisive, though he’s done a lot to show his worth as a stout defensive defender – even working his way into a confident second-pair and penalty-killing role this season. Lindgren posted 17 points in 76 games along the way, sticking within three points of his scoring totals in every season of his career. That consistency is commendable, if nothing else, and should be enough to pique New York’s interest. The Rangers could lock up their defense for the long-term this summer, a dream opportunity for a team faced with once again reconstructing the offense.
Other RFAs: F Karl Henriksson, F Bobby Trivigno, D Matthew Robertson, G Olof Lindbom
Key Unrestricted Free Agents
F Jack Roslovic – The Rangers acquired Roslovic at the Trade Deadline, sending a 2026 fourth-round pick back to the Columbus Blue Jackets. And while his play was ultimately a bit hot-and-cold in New York, he vindicated the cheap acquisition cost with 16 points in 35 games with the Rangers, split between the regular season and the playoffs. Roslovic served in his patented third-line role with the Rangers, offering grit and all-three-zones impact but never jumping off the page. As a result, his minutes were the first on the chopping block when the Rangers welcomed back Filip Chytil, bumping Roslovic down to the fourth line where he struggled to score. Roslovic was by no means detrimental in his short tenure with the Rangers, but he’s already lost when faced with competition for minutes. He plays a style that the Rangers welcome, and it’d be no surprise to see him return, but he could quickly price himself out of that option on a Rangers team with less than $12MM in cap space.
F Alexander Wennberg – Wennberg was another Deadline acquisition for the Rangers,
costing them a 2024 second-round pick and a 2025 fourth-round pick in a trade with the Seattle Kraken. The 25-year-old forward went on to struggle with the Rangers, posting just seven points through 35 games. He rotated around the team’s bottom-six, offering helpful lineup flexibility and even slotting onto special teams at points. Wennberg expressed interest in returning to New York in his exit interviews, even despite his modest role. He’ll likely be willing to take a cheap deal to make that happen, slotting him back in to a busy competition for minutes in New York’s bottom-six.
F Blake Wheeler – Wheeler’s last hoorah with the Rangers didn’t go entirely as planned, with the veteran forward playing in just 56 total games this season, after missing three months of the year’s second-half with a leg injury. He posted a just 21 points on the year, his lowest scoring since the 2009-10 season – his second year in the league. Wheeler’s recovery journey and valiant push to return for the playoffs have dominated much of the conversation around him, but the topic of retirement is looming. He will turn 38 before the start of next season and just had his one-year, $800K contract with the Rangers spoiled by injury. The Rangers are now rich with bottom-six forwards and likely don’t have room for Wheeler even if he does want to play another year. He’s likely set on testing the waters of the open market, which should help him make a call on if he’s ready to quit.
D Erik Gustafsson – New York has a wealth of depth defense options, especially as players like Matthew Robertson and Brandon Scanlin adjust more to NHL roles. But Gustafsson brought an exciting spark to the Rangers blue line, posting a strong 31 points in 76 games without ever looking like much of a liability on defense. He was an ace up Peter Laviolette’s sleeve, typically serving bottom-pair minutes but always ready to jump into a top-pair role should the Rangers need a boost. Extending Gustafsson runs the risk of creating a logjam on New York’s blue line. But the veteran defender seemed well-adjusted to the team’s systems and offers cheap depth that’s likely too valuable for New York to pass-up.
Other UFAs: D Chad Ruhwedel, F Nic Petan, F Tyler Pitlick, D Nikolas Brouilard, D Mac Hollowell
Projected Cap Space
New York is entering the off-season with just $11.61MM in cap space, getting a slight boost from the announcement of an $88MM cap ceiling. That should be enough money for them to re-sign any of their pending free agents that they wish to keep, though Schneider’s deal could quickly eat up space if it mirrors the long-term deals of players like Jake Sanderson, Mattias Samuelsson, and Alex Vlasic. Securing Schneider, and their picks of Lindgren and Gustafsson, will solidify a Rangers blue-line that looked sound for much of last season – but it may come at the cost of parting with their plethora of depth forwards.
Photos courtesy of USA Today Sports Images. Contract information courtesy of CapFriendly.
Evening Notes: Saros, CapFriendly, Dillon
Star Nashville Predators goaltender Juuse Saros has been deeply entrenched in trade rumors for much of the season, largely thanks to the emergence of top goalie prospect Yaroslav Askarov in the minor leagues. But the two sides might not be set for the departure many are expecting, with Sportsnet’s Elliotte Friedman sharing that, “the player wants to stay and the team wants him to say,” in the latest episode of the 32 Thoughts Podcast. Friedman added that a source close to the team has expressed optimism in Nashville’s chances of extending Saros.
Saros has one year remaining on the four-year, $20MM contract he earned following a breakout 2020-21 season. Manning the net in the last year of Pekka Rinne‘s career, Saros posted 21 wins and a .927 save percentage through just 36 appearances. Saros has fully taken the reigns from Rinne on his new deal, recording at least 64 games in each of the three seasons he’s played on the deal so far. He’s posted a combined 106 wins and .915 save percentage in 195 games since 2021. Saros has remained an unquestioned starter in Nashville, even as he posted a career-worst .906 save percentage and 2.86 goals-against-average in 64 games this season.
But despite the strong stats, Nashville has shared they’re not in a rush to re-sign the former Vezina Trophy finalist. Instead, they’ll monitor how the goalie market develops under a growing cap, specifically watching for how extension talks between the New York Rangers and Igor Shesterkin play out. That patient approach should give time for trade candidates like Jacob Markstrom, John Gibson, and Linus Ullmark to be moved as well, giving the Predators a sense of what a return for Saros may look like.
Other notes from around the league:
- The Washington Capitals have moved to purchase the website CapFriendly, per Friedman. CapFriendly has become a central repository for information on NHL player and staff contracts, fantasy hockey tools, and lineup information among many other uses. The move will give Washington full access to CapFriendly’s extensive toolkit, though it will also force the site to publicly shut down on July 5th – keeping it active through the NHL Draft and beginning of free agency. Friedman shared that other NHL teams who had access to CapFriendly’s data were recently told their contracts would be termminated, suggesting a buyout was imminent.
- Winnipeg Jets defenseman Brenden Dillon is expected to test free agency, shares Friedman in 32 Thoughts. Dillon concluded his third year with the Jets this season, joining the team via trade in 2021 – with Winnipeg sending the Washington Capitals the draft picks used to select Seamus Casey and Carson Rehkopf, though neither player was drafted by Washington. Dillon, 33, will be looking for a new home after recording 63 points across 238 games with the Jets.
Blues Sign Mathias Laferriere To One-Year, Two-Way Extension
The St. Louis Blues have signed depth forward Mathias Laferriere to a one-year, two-way contract extension. The deal will carry a league-minimum $775K cap hit. Laferriere was set to become a restricted free agent on July 1st, following the end of his three-year entry-level contract signed in 2019.
Laferriere took a bit of a lateral step this season, posting seven goals and 25 points in 68 games with the AHL’s Springfield Thunderbirds. His scoring came one point shy of his career-high posted in 18 fewer games last season. It’s been a slow start to the 23-year-old’s pro career, totaling just 60 points across his first 174 games in the AHL. Laferriere originally joined the Blues through the sixth round of the 2018 NHL Draft, amidst a QMJHL career that stretched across 238 games. He proceeded his draft selection with a career-high 28 goals and 74 points in 68 games with the Cape Breton Screaming Eagles, though it’d mark his only time breaking the 50-point mark across his five seasons in the league.
Despite the measly regular season scoring, Laferriere showed an impressive ability to show up when it mattered during his juniors career – posting 19 points across the last 20 playoff games of his CHL career. The intangibles that earned him those postseason points are now earning him a serviceable role with the Springfield Thunderbirds. But on a one-year deal, his focus next season will be much more on maintaining that role than it will be rivaling the Blues lineup. Still, an NHL contract will make him eligible for a call-up should St. Louis need the depth. That will put him in competition with players like Zachary Bolduc, Zach Dean, Dalibor Dvorsky, and Juraj Pekarcik for St. Louis’ fringe lineup roles.
Latest On Jacob Markstrom
The Calgary Flames are trying to move former Vezina Trophy runner-up Jacob Markstrom as discretely as possible, shares Sportsnet’s Elliotte Friedman on the latest 32 Thoughts podcast. Friedman adds that the team was aware of the theatrics brought on by Markstrom’s trade rumors earlier this season. Markstrom publicly expressed his frustration with the team over his pre-Deadline speculation, amidst rumors of a pending move to the New Jersey Devils being reversed after Calgary went 9-3-0 throughout February. Markstrom posted a .928 save percentage while appearing in 10 games during the hot streak. He’d go on to post a measly .869 save percentage in 10 games following the strong stretch, floundering on a Flames lineup that went on to miss the postseason by 17 points.
The second half of season felt like an encapsulation of Markstrom’s play over the last few years – with dramatically up-and-down stretches culminating in a modest stat line. He posted 23 wins and a .905 save percentage in 48 games this year – finding the same number of wins and a stronger save percentage than he did last season, despite playing in 11 fewer games.
Markstrom has been a no-doubt starter for much of the last eight seasons, after joining the Vancouver Canucks in 2014 in the trade that sent Roberto Luongo to the Florida Panthers. Markstrom would make his first stand as a full-fledged starter in the 2017-18 season, posting 23 wins and a .912 save percentage in 60 appearances with Vancouver. He’s played in 40 or more games in every season since, totaling a .910 save percentage in 376 games. And while last season’s sub-.900 save percentage – and a tally this year that came close – have caused some to pause, it’s hard to think Markstrom isn’t bound for the lion’s share of games with whoever he may suit up for next season.
That could be the New Jersey Devils, who have Markstrom as one of their top trade targets this summer, but Friedman notes they’re not the only teams involved. Friedman specifically named the Toronto Maple Leafs as a strong candidate for trade, largely thanks to Toronto now being manned by Brad Treliving, the general manager who signed Markstrom to the six-year, $36MM contract he’s currently on with the Flames. The price of a Markstrom trade could quickly test Toronto’s budget – especially as they approach a summer with just $18.83MM in cap space and 12 pending free agents. The Leafs are also woefully juxtaposed by a Devils team willing to move the 10th-overall pick in the 2024 NHL Draft for lineup improvements. That offer could be tantalizing for a Calgary team looking for a breadth of young talent. At the very least, it’s an exciting bar in a goalie market that, per Friedman, has plenty of invested teams.
Boston, Montreal To Host 2025 4 Nations Face-Off
The NHL has announced that the inaugural 2025 4 Nations Face-Off – a best-on-best tournament featuring Canada, America, Sweden, and Finland – will be hosted in Boston’s TD Garden and Montreal’s Bell Centre (Twitter link). The festivities will include a rivalry day on Saturday, February 15 – with Team Finland and Team Sweden squaring off in the afternoon and Team USA set to face Team Canada that evening. The tournament will kick off in Montreal on February 12th, while Boston will host the tournament’s championship game on February 20th.
The 2025 4 Nations Face-Off was announced at the 2024 NHL All-Star Game and is intended to serve as a preparatory tournament to the 2026 Winter Olympics and will take place in place of an All-Star Weekend. The tournament will take place on NHL-sized rinks and follow NHL rules. The league also shared its intention to host the 2028 and 2032 World Cups of Hockey – a pre-season tournament that hasn’t been hosted since 2016, when it famously featured Team North America – a team comprised solely of U23 players from the USA and Canada.
While the addition of more international best-on-best tournaments is something fans have clamored for, the increase isn’t coming without controversy. Team Czechia is a notable exclusion from the 4 Nations lineup, after winning the 2024 World Championship. The four countries featured are four of the five most-represented nations in the NHL, joined by Russia, which is excluded from all IIHF competitions.
The early pieces of the 4 Nations tournament are coming into view, with Team USA already naming Mike Sullivan for 4 Nations and the 2026 Olympics. His appointment was made by Team USA general manager Bill Guerin, who is presiding over both events. Guerin is supported by other NHL GMs Chris Drury, Tom Fitzgerald, and Bill Zito as his assistants, and Chris Kelleher as ‘Director of Player Personnel’. Team Canada has also named its management staff, announcing that Don Sweeney will serve as GM, with Jim Nill as his associate GM. Fans can expect to see rosters come together soon as well, per TVA Sports’ Renaud Lavoie, who shares that the first six players of all four rosters will be announced during the NHL Draft’s first round on June 28 (Twitter link).
NHL Announces Salary Cap For 2024-25 Season
The NHL and NHLPA have announced the Team Payroll Range for the 2024-25 season. The salary cap upper limit has been set at $88MM, with a midpoint of $76.5MM and a lower limit of $65.0MM. This marks a $4.5MM increase in the upper limit for the 2023-24 season – tied for the highest single-season increase of all time – and a $6.5MM increase from the cap in 2019 and 2020. The upper limit also exceeds CapFriendly’s projected upper limit of $87.7MM – a projection mentioned at October’s NHL Board of Governors meeting. CapFriendly continues to project a $92MM salary cap next season – a mark that continues through the 2020s. The minimum salary is expected to remain at $775K, after growing from $750K ahead of this season.
The NHL incurred $1.5B in escrow debt after pausing the 2019-20 season due to the Covid-19 pandemic. The league has been paying off that debt ever since, with NHL commissioner Gary Bettman sharing it was down to $50M at the start of the season. This big step forward in salary cap suggests the league has fully paid off that debt, something Bettman hinted towards in the pre-season Board of Governors meeting. Bettman added in that meeting, “The game is in great shape. Our franchises have never been better owned or stronger, and we’re excited to have the start of another season upon us.”
The NHL is showing that a healthy league leads to innovation, set to welcome a team in Utah for the first time next season. Utah will boast the most cap space in the league, with a hardy $43.5MM to spend. They’re succeeded by the San Jose Sharks ($37.5MM in cap space) and Chicago Blackhawks ($34.1MM in cap space), per CapFriendly.
2024 NHL Draft Combine Results
The NHL Draft combine is back in full swing after a two-year break due to Covid-19 in 2020 and 2021. A full 100 players were invited to the event this year, six fewer than in 2023 but 15 more than in 2022. The festivities include team interviews earlier in the week and physical testing on Saturday. Here are the results of a select few tests, thanks to NHL Central Scouting.
Snapshots: Warsofsky, Radulov, Utah Branding
The San Jose Sharks have interviewed a long list of candidates for their vacant head coaching position, including assistant coach Ryan Warsofsky who, per Sheng Peng of San Jose Hockey Now, is now pulling ahead as the favorite for the job. He pulls ahead of a list of interviewees that features Jay Woodcroft, Matt Nieto, Jeff Blashill, Jeff Halpern, and Jeremy Colliton. Warsofsky also interviewed for San Jose’s head coach role in 2022, though he was ultimately hired behind David Quinn.
Warsofsky oversaw San Jose’s defense and penalty kill while serving behind Quinn, serving as the coach behind Erik Karlsson‘s 101-point, Norris Trophy-winning season last year. But he was also the coach behind San Jose’s 326 goals allowed this season – the third-most of any team over the last decade.
Warsofsky is just two years into his NHL coaching career – experiencing two of the staunchest extremes he could have – after leading the Chicago Wolves to the 2022 AHL Calder Cup Championship to cap off his three-year tenure as an AHL head coach. Warsofsky’s hire would follow a growing trend of teams finding their coaches internally, with each of Winnipeg, St. Louis, Seattle, and Los Angeles already promoting coaches to the NHL head coach role this off-season. The role in San Jose would be the first NHL head coaching role of Warsofsky’s still very young career.
Other notes from around the league:
- Long-time Dallas Stars forward Alexander Radulov has signed a one-year contract with the KHL’s Lokomotiv (Twitter link). Radulov has spent the last two seasons with Kazan Ak-Bars, posting a combined 41 goals and 97 points across 120 games. He’s remained productive, even at the age of 37, and will now be set to play with the fourth KHL club of his career – after four seasons with Ufa, four with CSKA Moscow, and two with Kazan. Those seasons add to Radulov’s nine-year career in the NHL, where he totaled 368 points in 524 career games spent with three different clubs. With no signs of slowing down, Radulov will look to vindicate this one-year contract with a strong season and continue his trek to becoming just the 19th KHL player to play beyond 40 years old.
- NHL Utah is down to six finalists for its permanent name after an initial vote yielded over 500,000 responses. They’ll be called the Utah Blizzards, Utah Hockey Club, Utah Mammoth, Utah Outlaws, Utah Venom or Utah Yeti beginning with the 2025-26 season. They’ll carry temporary Utah Hockey Club branding for their inaugural 2024-25 campaign. Fans can choose between the six finalists using this link.
Bruins, Hurricanes Could Swap Linus Ullmark and Martin Necas
The Boston Bruins are continuing to garner more and more interest for their former Vezina Trophy-winning goaltender Linus Ullmark, giving them a chance to be picky about the return. That could exclude much of the league from acquiring the star netminder, with Sportsnet’s Elliotte Friedman sharing on The Jeff Marek Show that he doesn’t believe teams like the Vancouver Canucks or Montreal Canadiens have the assets to acquire Ullmark. Friedman added that the Carolina Hurricanes could be one of the few teams rich enough for the deal, especially if they involve forward Martin Necas.
Necas has been a recent addition to trade rumors, with Friedman recently sharing that the Hurricanes “prefer” to trade the pending restricted-free-agent rather than re-sign him and that they were eyeing top prospects in return. Necas, the 12th-overall pick in 2017, posted a career-high 28 goals and 71 points in 82 games last season. He succeeded it with a much more modest 53 points this year, though he still managed 24 goals. Necas has totaled 243 points across 362 career games, working his way into a regular role in Carolina’s top-six after growing pains early in his career. At just 25, Necas represents one of the best young scorers on the open market and should be poised for a long-term deal with a yearly price tag of around $7.5MM.
Adding young, secondary scoring is a big priority for the Bruins entering this off-season, giving relief to the more surprising pieces of their top-six, like Trent Frederic and Morgan Geekie. On top of his offense, Necas could also support the team’s center depth, after recording a career-high 417 faceoffs last sesaon. He won 45.1 percent of those draws, bringing his career total to 41.5 percent at the faceoff dot. That’s certainly not strong enough to warrant an everyday role at center, but it could be a welcome boost for a Bruins lineup that still hasn’t reloaded their depth chart after Patrice Bergeron and David Krejci retired. Ullmark could be a small price to check off two big boxes for Boston.
But shaping a trade package around Necas and Ullmark will be tricky. There isn’t
much precedent for swapping top-end goalies and forwards, though each of Frederik Andersen, Robin Lehner, Cory Schneider, and Semyon Varlamov were traded for first-round picks at some point in their careers. Two of those trades didn’t involve any other pieces, while the other two added a second-round pick onto the pile. That’s a bleak valuation of top goalies on the trade market, made more challenging by Necas’ RFA status making him a much more controllable asset than the 2025-UFA Ullmark. Those factors could put Carolina in a good position to ask for even more Ullmark in a swap, especially as interest in Necas grows across the league.
The Hurricanes would confidently round out their lineup with Ullmark’s addition, while moving out a winger set to command a good deal of cap space. That’d be a fantastic win-win for interim general manager Eric Tulsky, who’s in his first tenure as an NHL GM after Don Waddell left Carolina for the Columbus Blue Jackets. Carolina is also facing contract negotiations with Jake Guentzel, Teuvo Teravainen, Brett Pesce, and Brady Skjei this summer – surely pushing them to want an answer on Necas sooner rather than later.
Photos courtesy of USA TODAY Sports.
Evening Notes: Tanev, Necas, Heinen
Dallas Stars defenseman Chris Tanev has revealed the injury that forced him out of Game 5 of the Western Conference Finals, documented by NHL.com’s Taylor Baird (Twitter link). Per Tanev, he felt a pop in his ankle in his first shift after blocking an Evander Kane shot. The resulting injury was to his peroneal tendons and won’t require surgery to fix.
Tanev is set to become an unrestricted free agent on July 1st, having played the final year of a four-year, $18MM deal signed with the Calgary Flames the last time he hit the market. Tanev has solidified his status as one of the staunchest defenders in the league on the contract – averaging over 20 minutes of ice time across 278 games since 2020 despite totaling just 72 points. Tanev’s played with just three teams over 14 years in the NHL and could continue that loyalty with the Stars, with the team interested in re-signing the veteran before he hits the market on July 1st.
Other notes from around the league:
- Both the Carolina Hurricanes and Martin Necas are still “preferring” to part ways, per Sportsnet’s Elliotte Friedman on the Donie and Dhali Show (Twitter link). Friedman adds that the Hurricanes would likely be targeting top prospects for Necas – adding that he doesn’t envision a swap of Necas and Filip Hronek when speaking to Donnie and Dhali’s Canucks theme. Necas has scored 124 points across 159 games in the last two seasons, emerging as a legitimate scoring threat in a Hurricanes lineup full of offensive talent. Carolina will now look to open up cap space, and reinforce their depth charts, after trading three top prospects and two draft picks for Jake Guentzel at the Trade Deadline.
- The Boston Bruins are expected to begin talks with Danton Heinen about contract extension soon, shares The Fourth Period’s David Pagnotta (Twitter link). Heinen rejoined the Bruins for this season after a three-year tenure split between the Anaheim Ducks and Pittsburgh Penguins. He scored 17 goals and 36 points in 74 appearances in the reunion, offering flexible offense from the bottom of the depth charts. He’ll be set for his eighth NHL season, and his sixth with the Bruins, with a new deal this summer.