New York Rangers News: Rangers Agree To Terms With Michael Grabner

Shortly after making their first move of the day, the New York Rangers followed it up with a solid bottom-six signing. According to Elliotte Friedman, the New York Rangers have signed Michael Grabner to a two-year deal that carries an annual cap hit of $1.6 million.

With the Rangers letting Viktor Stalberg walk to Carolina earlier in the day, they essentially replaced his speed with the addition of Grabner. They also get a key upgrade on the penalty killing unit, which was a glaring issue for the Rangers last season.

Another thing to keep an eye on here is that the Rangers included an extra year on the deal, which likely plays into the expansion draft focus next year. They will most likely expose Grabner next year, which gives them the option of protecting another important asset instead.

While this isn’t a big name signing, the Rangers identified one of their needs, and patched it up with a relatively cheap deal.