Update, 4:50 p.m.:
— Renaud Lavoie (@renlavoietva) July 27, 2014
The New York Rangers have signed restricted free agent Derick Brassard to a five year, $25 million deal, according to CBC’s Elliotte Friedman. Brassard, 26, was set to go to arbitration Monday (tomorrow) and would have been an unrestricted free agent at the end of the 2014-2015 season.
This is a bit of a bold move from Rangers’ management. Five years is a significant commitment to a player who really only found his consistency last season, and even still did not break the 50-point barrier. The Oilers really struggled to move Sam Gagner, a similar player with three years and a $4.8 million cap hit, this offseason.
I do think there is plenty of upside to this move, though. Tyler Ennis was recently extend for $4.6M over five years, which bought out only a few years of free agency, while producing similar numbers to Brassard. Brandon Dubinsky received six years, buying out a number of free agent years, at $5.85M with a partial No-Trade Clause. Next year’s free agent market, which will consist of Jason Spezza and David Krecji, who are unlikely to even hit the free agent market, and then a whole bunch of nothing. Combine that with a salary cap which is destined to raise significantly; if the salary cap were to hit $78 million by 2015-2016, then it will be the equivalent of paying Brassard $4.42M in this season’s $69M cap. If Brassard, who is turning 27 in September and should be hitting his prime, can up his production to the 55-point range over the next few seasons then this contract is one that could turn out to be good value for the Rangers. And one that should be easily tradeable in three or four years if necessary.
This leaves only John Moore as the only NHLer left to be re-signed. He is an
unrestricted restricted free agent who is not eligible for arbitration.
Follow Me On Twitter: @Herman_NYRBlog
Email Me: AdamNYRBlog@gmail.com