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The New York Rangers salary cap crunch may have been greatly exaggerated.
The New York Rangers have spent the off-season tiptoeing around their self induced salary cap restrictions. The buyout of Henrik Lundqvist’s final year added to the teams dead cap space, brining the total to $12,994,444. The team also took a major cap hit from Entry Level Contract (ELC) performance bonuses.
Players like Alexis Lafreniere, Kaapo Kaako and Igor Shesterkin signed ELC’s with max level bonuses attached, each potentially worth an additional $2,850,000 on top of their $925,000 base salary.