Summer Synopsis: New York Rangers

Last summer the New York Rangers expectations were sky high as they had just come off a season in which they lost in the Eastern Conference Finals. Many viewed the Rangers as a Stanley Cup contender, as did their management group who went all in for trades to acquire Patrick Kane and Vladimir Tarasenko. The club ultimately failed in their bid to bring Lord Stanley back to Broadway and entered this season with tempered expectations after firing Gerald Gallant and struggling to find adequate replacements for a lot of their departing players. Now, the sky isn’t exactly falling in New York City, as they still have Igor Shesterkin manning the net, and they lured Peter Laviolette in to replace the departing Gallant. Couple this with a blueline that still boasts Adam Fox and a forward group that still has Chris Kreider and Artemi Panarin and you have a very solid team. Albeit one that is just outside of the upper echelon of NHL teams.

Draft

1-23: RW Gabriel Perreault, U.S. National Team Development Program (USNTDP)
3-90: D Drew Fortescue, U.S. National Team Development Program (USNTDP)
5-152: D Rasmus Larsson, Västerås IK J20 (J20 Nationell)
6-178: C Dylan Roobroeck, Oshawa (OHL)
6-183: LW Ty Henricks, Muskegon Lumberjacks (USHL)

The son of former NHLer Yanic Perreault has drawn comparisons to Lucas Raymond recently and is projected by some to be a perennial 70-point forward. While those expectations are lofty for a late first-round pick, many were surprised that he fell that far down the draft board. Perreault is headed to Boston College where he figures to play at least a few seasons before he turns pro. His skating has improved a lot in recent seasons but is certainly not his strongest attribute. Many scouts have said his skill and hockey sense was top-5 in this draft.

Fortescue was teammates with Perreault at the National Team Development Program and is regarded as a good passer and someone who can act as a quarterback from the backend. His skating isn’t particularly good, and he certainly needs to add to his 176-pound frame, but should he be given proper time to develop he could very well be a bottom pairing defenseman for the Rangers in the next half decade.

Trade Acquisitions

N/A

UFA Signings

C Alex Belzile (two years, $1.55MM)*
C Nick Bonino (one year, $800K)
D Nikolas Brouillard (one year, $775K)*
D Erik Gustafsson (one year, $825K)
D Mac Hollowell (one year, $775K)*
D Connor Mackey (one year, $775K)*
F Riley Nash (two years, $1.55MM)*
F Tyler Pitlick (one year, $787.5K)
G Jonathan Quick (one year, $825K)
F Blake Wheeler (one year, $800K)

*-denotes two-way contract

The Rangers didn’t have the cap space to make any major additions and didn’t really have much cap space to replace any of their departing star players. The team was hamstrung by a flat salary cap and did most of their shopping in the bargain bin.
Blake Wheeler was a terrific signing. At $800K (plus bonuses) he will be a solid middle six addition for New York who can easily chip in 50-60 points. At 37 years old he is unlikely to morph into the perennial 90-point player he was a few years ago, but he could provide some of the offense the team lost with the departures of Kane and Tarasenko.

The Rangers opted to pass on some of the more expensive options on the free agent market to sign Jonathan Quick, and while he brings a wealth of experience, he has been a below-average netminder for about a half-decade. New York could no doubt shop in season if they need to find an adequate backup, which they may need to do if Quick’s numbers are anything close to what they were this past year.

Speaking of experience, Bonino also brings a ton of it to the Rangers and should be a decent option for their fourth-line center role. The 35-year-old used to be a perennial 30–35-point third liner, but at this juncture of his career, he is more of a 20-point player. Bonino had a short-lived reunion with the Pittsburgh Penguins after the trade deadline but quickly found himself injured and was not re-signed. If Bonino can regain his 2021-22 form, he could be a steal at $800K for New York.

RFA Re-Signings

D Ty Emberson (one year, $775K)*
F Anton Blidh (two years, $1.55MM)*
D Zachary Jones (two years, $1.625K)*
LW Alexis Lafreniere (two years, $4.65MM)
D K’Andre Miller (two years, $7.744MM)
D Brandon Scanlin (one year, $775K)*

*-denotes two-way contract

Lafreniere has simply not lived up to the expectations of a first-overall pick. He knows it, the Rangers know it, and both sides would surely love for things to be different. But, now with a bridge contract in hand, the 21-year-old has an opportunity to prove he is worthy of much more. Lafreniere hasn’t found anything close to the offense he displayed in junior, but he has steadily put up better offensive numbers in every NHL season. Should he reach another gear next season he could approach 50 points and line himself up to cash in just two years from now.

Miller likely wanted and likely deserved a long-term contract extension but had to settle for a bridge contract and the Rangers simply ran out of dollars to allocate. Miller established himself as a rookie in 2020-21 putting up five goals and seven assists in 53 games. In his second season, he emerged as an option in the Rangers top-4 and formed a formidable pairing with Jacob Trouba. It was there that Miller began to use his speed to his advantage as well as insert himself physically on many more occasions. Miller also started to find his offensive game this past season as he started to find more confidence with the puck in the offensive zone. Miller posted nine goals and 34 assists in 79 games and showed that he could provide much more to the Rangers than steady defensive play. The Rangers don’t have a great left side on defense and will likely rely on him a lot this season. Should Miller put up numbers similar to this past year, his next contract could end up pricing him out of New York.

Departures

F Ryan Carpenter (San Jose Sharks, one year, $775K)*
F Tim Gettinger (Detroit, one year, $775K)*
D Libor Hajek (Pittsburgh, PTO)
G Jaroslav Halak (unsigned UFA)
D Wyatt Kalynuk (St. Louis, one year, $775K)*
F Patrick Kane (unsigned UFA)
C Patrick Khodorenko (unsigned UFA)
F Will Lockwood (Florida, two years, $1.55MM)*
F Tyler Motte (Tampa Bay, one year, $800K)
F C.J. Smith (unsigned UFA)
F Vladimir Tarasenko (Ottawa, one year, $5MM)
D Cooper Zech (unsigned UFA)

Up front, Kane and Tarasenko are the notable losses and will likely create a void in the offense. The Rangers did well to replace some of their offense with Wheeler, but a lot of goals have come out of their lineup.  Although they will certainly miss the depth scoring, Kane and Tarasenko never felt like a natural fit in New York and turned out to be overpayments. The Rangers were right to shuffle the furniture and although they lost some goals on paper, they may have a better mix without Kane and Tarasenko.

Jaroslav Halak wasn’t great last season for the Rangers but did provide the team with league-average goaltending and was able to take 25 games from Shesterkin. He now finds himself as a free agent and has yet to sign a contract. Although he wasn’t terrific last season he might have been a better option for New York than Quick, but was likely asking for a bigger payday than the $825K used to sign Quick.

Salary Cap Outlook

It wasn’t that long ago that the New York Rangers were viewed as a team on the rise with a ton of good young players, and a pile of cap space. But after a few trades and signings, the cap space begins to dry up very quickly. That is the situation the Rangers found themselves in this summer as they had almost no room to maneuver under the salary cap. They will face a similar crunch next summer with just 14 players signed and roughly $15MM in projected cap space. Thankfully for the Rangers, the bulk of their core is signed through the end of next season, however, it is after that in the summer of 2025 when things could get hairy. Shesterkin will be due for a new contract that will likely come with a substantial raise, as will Miller who will be coming off his recently signed bridge deal. The Rangers will have a few other contracts to deal with in the interim, but they aren’t positioned well to make any major additions to this now-aging core.

Key Questions

Can Jonathan Quick play 20-30 games: The Rangers had precious little cap space to spend on a backup goaltender and elected to sign three-time Stanley Cup champion Quick. The gamble could pay off if Quick is able to regain his 2021-22 form in which he posted a respectable .910 save percentage and 23 wins in 46 games. However, if he is the goaltender he has been for most of the past five years, the Rangers could be in trouble. Quick has posted a sub.910 save percentage every other year since 2018 and hasn’t been able to provide consistent goaltending in Los Angeles, despite playing on a very good defensive team. Should he falter in New York, it could prove disastrous for the Rangers should they be forced to overwork Shesterkin.

Will The Young Guns Breakthrough? Alexis Lafreniere and Kaapo Kakko were drafted first and second overall (in different drafts) to much fanfare back in 2019 and 2020. While both players are clearly NHL players, that isn’t what you hope for when you pick at the top of the draft two years in a row. Between the two youngsters, they have just one season in which they’ve passed forty points (Kakko in 2022-23) and they haven’t been able to show the offensive prowess they did in their younger days. One silver lining for New York is that both players seem to be trending in the right direction, albeit slower than the team would like.

Can Kreider Score 50 Again? Perspective can be a funny thing. Had Kreider not had a 50-goal explosion in 2021-22, then last season’s 36 goals would have been viewed as an enormous success, a career year, a breakthrough campaign. But on the heels of a 52-goal season, it looked like a failure. The main difference was Kreider’s powerplay production. In 2021-22 he had 26 power play goals, last year he had just eight. While the steep drop looks disastrous, it really wasn’t. Kreider was still a very strong player for the Rangers and despite now being in his early thirties it doesn’t seem likely that he is done yet. But can he hit 50 goals again? It’s probably unlikely, but given that he potted 36 just last year it is not unfathomable to think he could score 40 this year.

Photos courtesy of USA Today Sports Images.