Shanahan Re-ups

According to an article by Larry Brooks of the NY Post, Shanahan has agreed to a one year, $2.5 million contract with $1.5-2.5 million in attainable bonuses. The deal is pending league approval of the structuring of the contract.

Update:

TSN.ca confirms that Shanahan has re-signed with the Rangers. John Dellapina of the NYDailyNews believes it to be a one year deal worh $2.5M with incentives driving it up to $4M or above, which would count against next season’s cap budget.

If this is true it is a good deal for the Rangers. On the flip side, Shanahan wants to win a Cup and would be foolish to ask for too much money so as to block the signing of restricted free agents and perhaps another UFA.

Read the article here

 


29 Responses to Shanahan Re-ups

  1. MogilnyFan1990 says:

    "Shanahan wants to win a Cup"  … Does he? I don't believe you… what player does not want you win a cup?  The colour of grass is green just in case you didn't know.  

  2. Girardi46 says:

    …meaning Shanahan will likely take a paycut to give the Rangers a better chance of winning the cup, and that he wants to win it in New York.

  3. RPDA97 says:

    I dont believe a thing that comes out of Larry Brooks mouth.

  4. NHLman says:

    See Girardi's comments…

  5. Connolly4mvp says:

    Some team who needs a goalie should really make the Rangers pay for all these big signings by giving Lunquist a huge offer sheet. Why hasnt anyone done this yet? Did he file for arbitration or somthing?

  6. kabby-4-kaptian says:

    yes he has filed already thats why no one can opffer him an offer sheet.

  7. Girardi46 says:

    yes, it was done so that nobody could give him an offer sheet… Thank God.

  8. Connolly4mvp says:

    I know. Theyll screw Buffalo but not New York. Lunquist has got 2 be more valueable than Vanek. 

  9. Halibut says:

    It was my understanding that bonuses count against the cap, so i dont see how they can "structure" them to meet league approval.  If they dont it's a bullshit way to get around the cap.

  10. Connolly4mvp says:

    Yea but those arbitrators are nuts though. They better make sure they sign him before he goes 2 arbitration.

  11. Girardi46 says:

    Bonuses don't count against the cap for players 35 and over.

  12. BlueShirtBabe says:

    Actually the rangers filed so nobody could give Lundy an offer sheet…..

    Anyways, I love Shanny and really wanted him back……

  13. ace5135 says:

    Good move by the Rangers.  A quality leader (willing to fight Brashear to stand up for teammates) and a scoring punch winger for a Ranger playmaker (Jagr or Gomez, ideally). 

    Should totally and completely remove them from the Souray sweepstakes. 

    Probably will have to take Lundquist to arbitration to squeeze under the cap, though. 

  14. nova_scotia123 says:

    By taking him to arbitration means that no other team can make sign him to an offer sheet till the arbitration hearing is complete. However, he can still be signed to an offer sheet after in my understanding. He might be pissed at the arbitrator's price too. So he is not officially a Ranger yet….but the good thing for the Rangers right now is every team that needed goaltending has made their changes for the most part.

  15. mikster says:

    He nailed the Drury-Gomez signings weeks before July 1st. He can be dumb sometimes, but with these things he is pretty much dead on.

  16. avsjoendryan says:

    great move by the rangers, shanahan took respect over money and he wanted to stay in the big apple, great move with the bonus factor being high and he is a class act guy and he does have a lot to bring to the team

  17. Halibut says:

    From what i'm hearing any bonuses he makes and gets paid for count against next years cap.

  18. Girardi46 says:

    Spector is reporting that two different stations are saying that Shanahan is on the verge of having a deal in place. Let's hope. After this I hope to hear soon after the re-signings of Lundqvist AND Avery. Hossa can walk. Avery turned the team around since his arrival and I think he is a necessary part of the team.

  19. nyrhockey094 says:

    Well no offense but whatever your hearing is Wrong.

    Any player over 35, their bonuses do not count against the Cap. So I suggest you start listening to different people. IF bonuses did count aganist the cap, then the Rangers would be in a 3x worse position.

  20. wingsfan13 says:

    congrats rangers, what a deal for shanahan at $2.5 million and incentives.  im happy for shenanigans even if he isn't playing for the wings, he's a classy player.

  21. Girardi46 says:

    Now that the re-signing is official, all I can say is WOOOOOOOOOOOOO!!! Very pleased this deal got done soon and that it came at an affordable price that gives the Rangers some space for Avery and Henrik and possibly another UFA. Thank you Shanny for being the classy guy you are and doing what you can to help the Rangers.

  22. Hockey11 says:

    No more UFAs. Why try to mess with the chemistry even more than we have?

  23. Halibut says:

    According to the update it was correct. 

    There are a few contracts that are grandfathered in from the old CBA.  I hear that only half of Jagr's contract counts against the Rangers since the Caps are still paying part of it.  Deals like that arent allowed under the new CBA.

  24. senators101 says:

    To Clarify the Cap:

    When teams calculate how much room they have under the cap to add players, any potential bonuses that a player can earn must be included in the player's cap count.  Teams may exceed the upper limit by up to 7.5% in order to pay such bonuses (for 2006-07, teams could effectively have an upper limit of $47.3 million) with the provision that any team doing this will have its upper limit reduced for the following season by the amount it exceeds the current year's upper limit.

    Thus, Shanahan's bonus will not count against the cap this year.

    – Taken from NHLSCAP.com

  25. PanMan says:

    Don't be so *****y, because you are wrong.

    Whatever bonus money that Shanny makes that causes us to go over the cap will be subtracted from our cap space next year. 

    Dellapina:

    The CBA allows the bonus portions of such deals (and entry-level contracts) to cause teams to exceed the cap's upper limit ($50.3 million for this season) by 7.5 percent ($3.775 million this season.) Should Shanahan reach enough of the bonus threshholds to push the Rangers over the $50.3-million cap, they would go into next season with a team cap lowered by the difference.

    In other words, if the Rangers wind up at $51 million for cap purposes at the end of this season because of Shanahan's bonuses, they would have $700,000 less to spend on payroll than the rest of the league next season. However, should Shanahan not hit cap-busting bonuses or if the Rangers cut payroll before the end of the season (through trades or demotions to the minors), there would be no residual effect next season.

  26. PanMan says:

    Sorry, this was meant for the poster who said that it doesn't count against the cap at all.

  27. jpmac says:

    And I thought for sure he was going to sign with toronto just because he is from ontario.

  28. prucha25 says:

    And the fact that he probably won't go to arbitration anyway because they just did that to protect Lundy.

  29. prucha25 says:

    hank re-signed!

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