Mollie Walker of the New York Post confirmed today that All-Star netminder for the New York Rangers, Igor Shesterkin, would not negotiate an extension with the organization during the regular season. There hasn’t been any major news regarding a potential extension for Shesterkin which means the Rangers have a lot of ground to gain before their season opener in just over two weeks.
Walker also confirmed Shesterkin was seeking a $12MM AAV on his next contract, indicating New York would not be getting any hometown discount. It’s reasonable to assume the Rangers are content with making Shesterkin the highest-paid goaltender in NHL history. Still, other players need contracts for next season which may affect Shesterkin’s negotiations. New York will have roughly $33.8MM in cap space next summer if the salary cap reaches $92MM according to PuckPedia but will need to re-sign Shesterkin, Kaapo Kakko, Alexis Lafreniere, William Cuylle, Ryan Lindgren, and K’Andre Miller.
Many industry experts expect the Rangers to move on from the last year of captain Jacob Trouba’s contract by next offseason which should open up another $8MM in salary cap space. Even assuming the team clears Trouba’s $8MM salary for next season there may be too many question marks remaining to commit $12MM a year to Shesterkin.
It’s difficult to argue from the standpoint of New York that Shesterkin hasn’t earned $12MM a year either. Over the last five years, he’s recorded a 135-59-17 record in 208 starts while posting a .921 save percentage and 2.43 goals-against average including one of the greatest individual seasons in goaltending history in 2021-22. He’s still only 28 years old meaning a max-term extension would take him through his prime into his age 37 season.
Shesterkin was outspoken about his desire to stay with the organization a few days ago when he said, “I love the organization. I love the team. I love the fans. So, of course, it would be great to stay here, but you never know what can happen“. The Rangers’ murky cap situation for next summer will certainly cut to their disadvantage if they can’t come to terms before October 9th.
Since Shesterkin and his camp are committed to earning the largest payday for any netminder in NHL history, the Rangers will have plenty of competition for his services if he makes it to free agency. There are currently only six teams projected to have lower than $12MM in cap space heading into the 2025-26 offseason which means any team with a long-term need for help in the net will be calling on Shesterkin.
New York still has 16 days from today to negotiate with Shesterkin before he blocks out any distraction for the 2024-25 NHL season. They will also have a small window between the last possible day of the Stanley Cup Final (June 23, 2025) and the opening of free agency (July 1, 2025) to sign Shesterkin to a long-term contract.