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Originally Posted by Wolven
That's confusing... wouldn't Hagelin going onto the LTIR create the cap space to sign Stephan?
They Rangers are currently showing $2.7M in cap space and 700k in bonuses. That pretty much covers Stephan already if they put off the bonus to next year.
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once you have a player on LTIR, you can go slightly over the cap and replace him with another player. However, this replacement can't have a bigger cap hit than the injured player ... and Hagelin has a 2.25m cap hit. They could instead put Callahan on LTIR, but he is apparently a lot closer to returning than Hagelin. If they sign Stepan before LTIR kicks in, they avoid this issue: they're slightly over the cap once Stepan signs, but then assigning Hagelin to LTIR frees up 2.25m that they could spend on a replacement. Confusing, I know. A good explanation of the issue can be found here:
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If Stepan is not signed by the time rosters are set on Monday at 3 p.m. – and if the Rangers wish to use the LTI exception to free money to sign Stepan afterward – they must place Callahan on LTI. That would keep the captain ineligible for 10 regular season games and 24 calendar days, but it would mean the Rangers could spend up to his $4.275 million salary in temporary replacement.
Now here is the biggest problem with this conclusion: Callahan is a bit ahead of Hagelin in his rehab. LTI would make Callahan ineligible until Oct. 29, but my humble opinion is he will be ready to return much sooner than that, say Oct. 19 at the Devils, perhaps.
Hagelin is not shooting on net at full strength yet, so if someone does go on LTI, I think it only can be him.
So what does this mean?
It means that the Rangers’ only real way to take advantage of the LTI exception, provided Callahan will be back sooner, is to first sign Stepan and then place Hagelin on LTI to have an extra $2.25 million to play with in replacement player(s).
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http://www.nydailynews.com/blogs/ran...orks-cap-expla