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It has been reported that the New York Rangers buyout the remainder of Henrik Lundqvist’s contract, according to multiple sources.
Now confirmed. The Rangers will buy out Henrik Lundqvist Wednesday. #NYR
— Rick Carpiniello (@RickCarpiniello)
The first buyout window opened during the Stanley Cup Final, and the move will become official before this window closes. This is the second major move — the first being the trade of Marc Staal — of likely many offseason moves made by the Rangers with next season’s flat salary cap in mind.
Lundqvist’s buyout is the Rangers’ solution to their crowded goal crease, which was highlighted by three NHL goalies on the roster. Igor Shesterkin moved to North America for the 2019-20 season, and was promoted from the AHL mid-year putting pressure on the situation. When no goaltender was moved at the deadline — not Lundqvist, nor Alexandar Georgiev — it was clear that the makeup of their net would change this offseason.
This past season, Lundqvist played the least that he has in his entire NHL career, which includes a condensed 48-game season in 2012-13. He played in just 30 regular season games where he earned a .905 save percentage and saved 4.12 goals above expected in all situations according to Evolving-Hockey.com.
The 38-year-old goaltender had one year remaining on his seven year, $59.5 million contract signed in December 2013. At the time of the signing, his $8.5 million cap hit was worth 13.2 percent of the cap. His 2020-21 salary was set to be the lowest of the deal, at $5.5 million (composed of a $1 million signing bonus and $4.5 million in base salary, compared to the opening year of the deal’s $11 million salary that included an $8 million signing bonus).
The Rangers will save $3 million in cap with the buyout, but still have $5.5 million in dead space for the 2020-21 season, according to CapFriendly.com. The financial implications will be cut in half in 2021-22, at just $1.5 million in cap space taken up by the buyout.
The $5.5 million cap hit from Lundqvist’s buyout will coincide with the steepest year of Kevin Shattenkirk’s buyout ($6,083,333), plus $300,000 from Ryan Spooner, and $1,111,111 from Dan Girardi. All together, the Rangers will have just under $13 million in dead cap space from buyouts on the books next year, in what would have already been a challenging year given the flat $81.5 million salary cap. The 2021-22 salary cap will have over $4 million combined in dead space as well. Via CapFriendlyWith Lundqvist’s buyout, the Rangers will move forward with a goaltending tandem of Igor Shesterkin (signed for one more year of his entry-level contract of $925,000) and Alexandar Georgiev, a pending restricted free agent. With this buyout, Lundqvist’s 15-year career with the Rangers comes to an end. He first skated between the pipes in New York in 2005-06, making his debut on October 8, 2005 against the Devils, and soon became their starter and backbone. His last appearance in a Rangers’ sweater came on August 3, in Game 2 of the team’s qualifying series against the Carolina Hurricanes.
Lundqvist was in the crease for 887 regular season games for the Rangers between 2005 and 2020, where he played over 51,816 minutes, made 23,509 saves and earned a .918 save percentage. Additionally, he started 130 postseason games, going 61-67 while making 3,567 saves in 7,935 minutes, earning 10 shutouts and a .921 save percentage. We will keep you posted with what’s next for the future Hall of Fame goaltender, and have more content on his career in New York in the coming days and weeks.
This will hurt & I'm still pissed they let Giacomin go in 1975. (Referenced at the end of the piece, yes I'm a grudge holder)
Henrik Lundqvist getting what he wants could bring Rangers pain
https://nypost.com/2020/10/07/henrik...s-pain/Whether Henrik Lundqvist knew it or not, he was in need of a fresh start where he would not be weighed down by history, where he would not face repeated questions regarding his state of mind and whether he would waive his no-move clause and was still committed to being a part of the Broadway rebuild. Where he wouldn’t be defined by his age.
He will have that fresh start beginning Friday when, all hands confirm, he will sign as a free agent with the Capitals in a decision that checks important boxes for the King. (Will they call him Mr. President in D.C.? Uh, no). He will play for a legit Stanley Cup contender and he will be in close proximity to his family in New York.
Lundqvist will know what is expected of him. The 38-year-old will have a defined role as the backup to 23-year-old Ilya Samsonov, who ascends to the No. 1 job upon the departure of Cup-winning, free-agent Braden Holtby. If he goes three straight without starting, Lundqvist won’t face an inquisition and neither will his coach, Peter Laviolette.
He will be able to be himself without constantly being reminded of who and what he was and had been for so long. Remember, the Rangers made the decision to say so long to No. 30, and they essentially made it during the winter when they demoted him to third-string behind Igor Shesterkin and Alexandar Georgiev.
So it’s all good for Lundqvist, whose rivalry with Alex Ovechkin will move to the practice rink in Arlington, Va., from the high-stakes stage on which it flourished while the King and his Court eliminated the Caps from the playoffs in 2012, 2013 and 2015, each time in seven games, and over which the Great 8 scored a sum of seven goals.
If fans are allowed in the building — if the Rangers are allowed in the building — when the Caps come to the Garden, it’ll be “Eddie … Eddie … Eddie,” and Nov. 2, 1975 all over again. It will be Legend Lundqvist as Legend Giacomin, except not two days after shockingly being waived and claimed by the Red Wings.
The spectacle, the emotional chants that brought Giacomin to tears, created one of the most memorable nights in New York sports history. If this encore performance is not exactly like that, it will be because there will have been months, rather than 48 hours, to process it all.
Intellectually, it’s all good. The divorce was amicable. The parties have found and fallen in love with new partners. Life goes on. Lundqvist has a shot to win. Get ready for a year’s worth of comparisons to Raymond Bourque.
But take a moment. Picture Lundqvist in a Caps jersey celebrating with Ovechkin after knocking out the Rangers in Round 1. Picture him yukking it up with Tom Wilson.
Emile Francis took 1/2 the good players to St Louis and they waived Eddie. I remember banners in the Garden that said the cat is a rat (Francis) Burke is a jerk, bring back fast Eddie & the Turk (Sanderson's nick name)
The only thing that pissed me off as much was when they dicked Leetch.
Going to be weird to see Crawford as a Devil. Hawks look to be indeed embracing the rebuild with just Keith, Toews, and Kane around but it's possible they move on as well eventually...long off-season still.
Some notables: Krug goes to St. Louis, Markstrom gets overpaid, Holtby is a Canuck, and Oilers still can't fix their D if their lives counted on it.
I absolutely do NOT get the contract Josh Anderson got from Montreal.
Dafuq BBQ is this sending Saad to Denver for Zadorov?
If it's a rebuild, should it not be about getting prospects and picks, Chicago?!??
The Nordiques meanwhile add a VERY competent 2-way forward into their top-6 who is basically Hossa-LITE. Denver is yet again, my pick to rep the West next season...geebus, what a freaking stacked squad.
Shit! We just got rid of Staal who looks like a defensive genius in comparison.
WTF????
Sadly he's a pylon out there.
I was SO pumped when we signed JMFJ a few years ago, but my God is he slow. He couldn't keep up with the Penguins speed. I have great respect for the dude and what he's been through, but he did not fit our system whatsoever. He's a great physical shot blocking defenseman, however I feel like his style is being phased out and isn't as relevant as it used to be. I love him, but not sad to see him go. Will be interested to see how he fits in with the Rags
I was SO pumped when we signed JMFJ a few years ago, but my God is he slow. He couldn't keep up with the Penguins speed. I have great respect for the dude and what he's been through, but he did not fit our system whatsoever. He's a great physical shot blocking defenseman, however I feel like his style is being phased out and isn't as relevant as it used to be. I love him, but not sad to see him go. Will be interested to see how he fits in with the Rags
He's circa Dallas Stars' Hatcher-Matvichuk-type D-man.
Way too slow in this day-and-age where it's all about puck movement and mobility...which yet again, makes me wonder WTFBBQ is Chicago doing taking on Zadorov.
They love old washed up "leaders" because they have none, remember Dion Phat-nuff?
Yeah, not great. You're right though, the Leaves don't really have too many heart-and-soul types on their roster as far as I can see? I mean, Jumbo Joe is respected but then again, he hasn't won anything.
Between him, Simmonds, and Spezza (the all-geriatric line)...they add up to 110 years old.
Yeah, not great. You're right though, the Leaves don't really have too many heart-and-soul types on their roster as far as I can see? I mean, Jumbo Joe is respected but then again, he hasn't won anything.
Between him, Simmonds, and Spezza (the all-geriatric line)...they add up to 110 years old.
09-30-2020, 09:35 AM
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It has been reported that the New York Rangers buyout the remainder of Henrik Lundqvist’s contract, according to multiple sources.:no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/21907987/Screen_Shot_2020_09_24_at_3.52.56_PM.png)
Via CapFriendlyWith Lundqvist’s buyout, the Rangers will move forward with a goaltending tandem of Igor Shesterkin (signed for one more year of his entry-level contract of $925,000) and Alexandar Georgiev, a pending restricted free agent./cdn.vox-cdn.com/uploads/chorus_asset/file/21908011/Hank_Igor.gif)
With this buyout, Lundqvist’s 15-year career with the Rangers comes to an end. He first skated between the pipes in New York in 2005-06, making his debut on October 8, 2005 against the Devils, and soon became their starter and backbone. His last appearance in a Rangers’ sweater came on August 3, in Game 2 of the team’s qualifying series against the Carolina Hurricanes./cdn.vox-cdn.com/uploads/chorus_asset/file/21908044/Sep_24_2020_16_07_05_Wheeler.gif)
We will keep you posted with what’s next for the future Hall of Fame goaltender, and have more content on his career in New York in the coming days and weeks.
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