Tuesday, July 10, 2007

Shanahan Returns

As expected the Rangers and future hall-of-famer Brendan Shanahan reached a 1-year agreement on Tuesday worth $2.5 million plus incentives according to the Daily News.

Early in the off-season there was a question of weather or not Shanahan would retire, but after he announced he was coming back there was never a question where he would go. Shanahan announced a couple of weeks ago that he would return this season and had no intentions of returning with another team.

The assistant captain’s comeback was put in writing on Tuesday.

Terms of the incentives were not yet available but they are speculated to put the 600 goal scorer at the $4 million mark he earned last season. The Rangers and Brendan worked out the contract this way in order to provide the team with as much cap space as possible. Players over the age of 35 who are receiving 1-year deals are allowed under the CBA to receive incentive-laden deals which won’t affect the team’s salary cap.

This is important for the Rangers as they attempt to squeeze the most into their roster as they still need to sign goalie Henrik Lundqvist, Sean Avery, and Marcel Hossa all of which are restricted free-agents. The team is also rumored to be interested in defenseman Sheldon Souray.

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