Update, 3:43 p.m.:
Rangers officially announce signing of Callahan.
Update, 3:34 p.m.:
Cap Geek has Rangers with just $685,500 left with Erixon on roster and no Del Zotto. Rangers now have fourth highest payroll in NHL.
Update, 3:27 p.m.:
Jesse Spector says Rangers have $1,356,333 worth of room, not counting Tim Erixon.
…assuming this number includes Del Zotto.
Update, 3:22 p.m.:
Kevin Allen at USA today says the deal is 3 years, $12.875 million. With first two years at $4 million and last year at $4.875 million.
$4.283 million cap hit per.
Update, 3:19 p.m.:
Callahan on the signing…
“I’m thrilled to be back for three years. I love playing for the Rangers.”
…and we love you playing for the Rangers.
Gross also reports that Callahan, who is 100% recovered from his broken leg and began skating two weeks ago, wanted a longer deal but the money worked best at three years and hasn’t thought about being the Rangers next captain.
Update, 3:01 p.m.:
Andrew Gross reports that Callahan did not receive a no-trade or a no-movement clause. He said he didn’t see need in a three-year deal.
Update, 2:54 p.m.:
Arthur Staple at Newsday says Callahan agent confirms deal is for three years, just under $13 million.
Update, 2:34 p.m.:
Rick Carpiniello at the Rangers Report says that by signing just a three year deal, Callahan will become a UFA at a time when the Rangers should have a lot of cap room.
…smart guy this Callahan character.
Update, 2:17 p.m.:
Kypreos says the deal is for three years in the ballpark of $13 million.
…that would be a cap hit of $4.33 per. Dubinsky’s is $4.2. Seems fair to me. How about you?
Update, 2:08 p.m.:
Spector now confirms that Callahan has re-signed with the Rangers.
…wooohooo. Can we start the season tomorrow? Pumped!!!!
Jesse Spector tweets that he just spoke to Ryan Callahan’s agent, Steve Bartlett, who said, “Getting close, but nothing 100% yet.”
Meanwhile Nick Kypreos says it will be a three year deal.
…three years?!?!? I was hoping for five or six. Isn’t he supposed to lead the Rangers into the future?