The Rangers made their most important signing of the summer today in re-signing Ryan McDonagh for 6 years at an annual cap hit of $4.7M (per Larry Brooks). With this deal in the books, Rangers fans can breathe a little easier today knowing that our franchise defensemen is now locked up for another six years.
Many figured McDonagh would get a deal similar to that of Dan Girardi and Marc Staal, who resigned at 4 years/$3.3M per and 5 years/$3.9M per respectively. However, terms and cap hits are hard to compare across years when team salary caps fluctuate year-to-year, not to mention agents generally use recent signings as benchmarks to set the market.
Last month, Dave used Nashville’s Roman Josi’s new contract (7/$28M) as a starting point to triangulate McDonagh’s next deal. All told, he wasn’t far off. Ryan is currently 24 years old. The UFA age is still set at 27 years old, so this deal bought up three UFA years, which obviously moves the cap hit a bit further north. Overall, this is a very good deal for both sides.
With McD locked up longterm, the Rangers will now shift their emphasis to Derek Stepan. Here’s where Dave thought that contract could net out.