Without Powe and Asham the Rangers have $5.1 million in cap space.
The team still needs to sign Derek Stepan and Mats Zuccarello.
11:36AM: With the Rangers signing Carl Hagelin to a deal that has a cap hit of $2.5 million, Cap Geek says that the Rangers have $4.3 million in cap space.
The team still needs to sign Derek Stepan, Mats Zuccarello and Justin Falk.
Cap Geek’s projection of $4.3 million includes Darroll Powe and Arron Asham while not including JT Miller.
The Rangers, during the summer are allowed, to go 10% over the upper limit of $64.3 million. The Rangers need to be below the 64.3 million upper limit by the last day of their training camp.
Subtracting Powe ($1.06 million) and Asham ($1 million) while adding JT Miller ($1.24 million) gives the Rangers $5,43 million, according to the Cap Geek cap calculator.
Without Miller, Powe and Asham, the Rangers have $6.1 million in cap space. Because Powe and Asham have salaries greater than $925,000 they will still have a cap charge if sent to the minors. Asham will have a $75,000 cap charge and Powe will have a $141,666 cap charge.