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Can the Rangers sign Henrik Lundqvist if he’s cleared to come back after buying him out?

Dec 19, 2017; New York, NY, USA; New York Rangers goalie Henrik Lundqvist (30) makes a save against Anaheim Ducks center Rickard Rakell (67) during the first period at Madison Square Garden. Mandatory Credit: Brad Penner-USA TODAY Sports

There’s some confusion with regard to the New York Rangers ability to sign Henrik Lundqvist if he’s cleared to resume his career.

The Blueshirts bought out Lundqvist back in September of 2020, and they are still paying $1.5M this season for that move. Our recent article on a possible path back to the Rangers for Lundqvist was questioned because of the cap penalty.