The consensus around the NHL is that Patrick Kane is going to be a member of the New York Rangers soon. Although nothing is official, the trade is believed to be worked out but all things are on hold as the cap accrual works itself out.
According to Elliotte Friedman, the Rangers could announce the trade after 5 PM ET on Tuesday.
“If NYR want to acquire Patrick Kane and have him count against their cap on Wednesday (not today), they can acquire him after 5 pm (ET),” Friedman tweeted. “Things continue to be put in motion behind the scenes (approval, equipment, logistics).