Rebuild:build (something) again after it has been damaged or destroyed.
Yes ladies and gentlemen, the Rangers are doing exactly what their letter said they were going to do nearly a year ago; rebuild. The pain of watching a team rebuild is what we as Rangers fans are witnessing right now. It is a long, and grueling ordeal that believe it or not, is the right way to get back to greatness.
When a team goes through this process, they sell off aging veterans on expiring contracts, and solid pieces that the team does not see fitting into the plan when the team is good in what is hopefully 2-3 years (i.