Buzz: The next contract for Derek Stepan

StepanDerek Stepan is entering the final-year of a two-year deal and has a salary/qualifying offer of $3.850 million.

Larry Brooks notes that Ryan O’Reilly has 73 goals and 118 assists in 345 games and Derek Stepan has 73 goals and 124 assists in 294 games. (Brooks)

Brooks says that when Stepan is eligible for arbitration next summer $6 million and O’Reilly will be his comparable. O’Reilly just signed a two-year deal two stay in Colorado for $5.8 million this year and $6.2 million next year. (Brooks)

  • O’Reilly signed an offer sheet with Calgary during the 2013 season that paid him $3.5 million that season and $6.5 million this past season. His qualifying offer this past season was $6.5 million.

Stepan is part of the Rangers young core with Ryan McDonagh and Mats Zuccarello and will need a long-term deal. (The Hockey News)

Through his first four years in the NHL, Matt Duchene averaged .73 points per game, Stepan is at .67, and signed 5-year deal worth $6 million per season out of his bridge contract which had a final season at $3.75 million. (CG and HR)

For more on Stepan, CLICK HERE.

Buzz: Looking at what Derek Stepan’s next contract could be

StepanIf Derek Stepan is to have “any kind of season” this year, he could be in line to double his $3.075 cap hit next summer when he is an RFA that is eligible for arbitration. (NY Post)

Since he joined the Rangers in 2010-11, Stepan leads the team in games played (294) assists (124) and points (197).

Stepan has played in 355 of a potential 356 games since joining the Rangers.

He held out of training camp this year as he and the Rangers couldn’t come to terms on a bridge deal.

Stepan’s salary next season is $3.85 million, which is what his qualifying offer will be. (Cap Geek)

Read: The Backloading Of Derek Stepan’s Contract

Derek StepanDerek Stepan’s two-year deal with the Rangers worth $6.15 million has a cap hit of $3.075 million and is broken down by year as:

  • Year One: $2.3 million
  • Year Two: $3.85 million

Bob McKenzie notes that the $3.85 million in the second-year will lead to a higher qualifying offer when his contract expires.

Stepan, unlike this year, will have arbitration rights when his next contract expires.

The deal is similar to PK Subban’s contract, $2 million in year-one and $3.75 million in year two, Nazem Kadri, $3.1 million in year-one and $2.7 million in year-two, and Logan Couture, $2.75 in year-one and $3 million in year-tw.

Notes: Derek Stepan’s Conference Call

Derek Stepan held a conference call a few minutes again to speak with the media about his new contract.

Stepan told Carp from Rangers Report, Steve Zipay, Pat Leonard and Andrew Gross that:

  • He has been skating with the University of Wisconsin and that he doesn’t feel as if his conditioning is far off.
  • He is flying to NY tonight and will undergo a physical and fitness testing tomorrow, skate on Saturday and then practice with the team on Sunday
  • He has no bitterness about the contract situation taking as long as it did, though he wished it was a process that ended sooner. He added that he got to understand the business side of things as a young player and that things don’t always go as smooth as you think they will.

5:53PM: Stepan told the team’s website that he felt an urgency to get the situation done so that he could be ready to start the season.

He told the NY Times that he was offered this contract on Monday and after talking with his family and his agent he decided that this was as close to where they thought they would end up at. Stepan said that he knew last night he was going to sign today.

NEWS: Rangers Sign Derek Stepan (Updates)

Derek Stepan

8:20PM: Bob McKenzie notes that Derek Stepan will make $2.3 million in the first year of his deal and $3.85 million in the second year.

The backloading of the contract gives Stepan a higher qualifying offer when his contract expires.

1:32PM: The team has confirmed that Stepan has signed

12:46PM The Rangers have officially come to terms on a new contract with RFA Derek Stepan, according to Pierre LeBrun and Larry Brooks.

Stepan’s cap hit will be $3.075 million per season.


1:44PM: Katie Strang tweets that Stepan will fly to New York tonight and meet up with the team when they return from their time out west.

1:16PM: Brooks confirms that the deal is worth $6.15 million over two years.

His cap hit will be $3.075 million per year.

1:02 PM: Brooks says that the deal is worth approximately $6.2 million over the two-year contract,

12:46PM The Rangers have officially come to terms on a new contract with RFA Derek Stepan, according to Pierre LeBrun and Larry Brooks.

The deal is two-years and his cap hit will be a little north of $3 million per season, according to LeBrun.


CLICK HERE for more on Stepan’s contract situation.

To read more of this story, click here

Buzz: The Rangers and Derek Stepan Are “Getting Closer” (Updates)

Stepan

12:43PM: Pierre LeBrun tweets that the deal for Stepan and the Rangers is DONE and that he will make a little north of $3 million.

12:27PM: Bob McKenzie confirms that Stepan and the Rangers are “close” to a two-year deal and that the money is less than $3.25 million per season but greater than $3 million.

11:57AM: Larry Brooks writes in the NY Post that talks between the two sides accelerated this morning and the belief is that the final total of the contract will be $6.5 million, splitting what Stepan is asking and what the Rangers are offering.

Brooks says that Stepan has been skating in Madison, Wisconsin with his former college team and that he would likely meet up with the Rangers on Sunday after the team returns from Las Vegas.

11:03AM: Larry Brooks tweets that “informed sources” are telling him that the Rangers and Stepan are closing in on a deal.

10:36AM: According to a tweet from Elliotte Friedman, the Rangers and Derek Stepan are “getting closer” to a contract and the two sides are “grinding down” to a final number that would bring Stepan back to the Rangers.

Friedman says that the deal is expected to be in the neighborhood of $6.5 million over two years.

The two sides have previously agreed on a two-year deal but Stepan has asked for $7 million over the two year while the Rangers are offering around $6 million.

CLICK HERE for more on Stepan’s contract situation.

Adam Rotter: As much as it would have been nice to have this mess done with prior to training camp, now is really the deadline for Stepan to sign and be available for opening night. If the deal is done by the end of the day Stepan could meet the team in Vegas and likely suit up for tomorrow’s final preseason game against the Kings. He would then have a few days to be at practice and get acclimated before the team heads out west for a nine-game road trip to start the season.

Read: All Quiet On Derek Stepan’s Side Of Things

Derek Stepan

3:25PM: In a chat at ESPN.com, Katie Strang writes that even with Sather’s comments, the team still views Derek Stepan as a prized player.

She adds that Sather’s comments may not help and instead have an adverse effect that could see Stepan dig in and stay with his demands.

3:02PM: In the NY Post, Larry Brooks writes that Derek Stepan’s agent Matt Oates did not respond to two different emails asking for comment after Glen Sather made his comment’s about the Derek Stepan situation last night.

Brooks says that there has been little progress made but that the two sides have spoken over the past 48 hours.

Oates has only spoken publicly once and in that interview he noted that they were not entertaining offer sheets.

THIS SECTION has all the information on Stepan’s contract talks.

Read: What Glen Sather Said About Derek Stepan Last Night

In an interview with John Giannone that aired Glen Satherduring the second intermission of the Rangers loss to Calgary, Glen Sather made some remarks about Derek Stepan needing to “smell the roses” and understand what the Rangers are offering him in terms of a new contract.

Sather said that he doesn’t think Stepan is a big enough fool to let this thing linger and the fact that Stepan will get a big contract…..just not right now.

THIS SECTION has all the information on Stepan’s contract talks.

Adam Rotter: Glen Sather has been a GM for far longer than Derek Stepan has been alive, so one would think that this is a calculated tactic that he has probably used in the past. Trying to intimidate through the media isn’t always the smoothest way to go about things, but it’s the way that Sather thinks will get Stepan to sign sooner.

The context of what Sather has said isn’t new, that Stepan needs to wait for a big deal and what with no arbitration the Rangers hold the cards, but the way he went about delivering the message was new. I don’t think anyone, Sather included, expected Stepan to withhold services and especially not to do so for this long.

 

Read: It’s Time To Get A Deal For Derek Stepan Done (What The Rangers Will Go To/Olympic Factor)

Stepan(9/21/13) 6:12PM:In the NY Post, Larry Brooks writes that it’s time for the Rangers and Derek Stepan to put aside their differences and work towards a compromise that will bring the Rangers first-line center back to the team.

Brooks says that the Rangers are offering just under $6 million over two years but that they are open to as much as $6.4 million over two years.

Stepan is looking for $7 million over two years, a number that Brooks notes is below market value.

He says that an other sheet doesn’t appear forthcoming for Stepan and that the idea of losing his spot on the Olympic team could be a big factor in Stepan coming down in his demands and signing a contract.

For more on Stepan’s contract, CLICK HERE.

Buzz: Derek Stepan Could Miss The Season Opener (Updates)

Stepan

11:17AM: (9/20/13) Pierre LeBrun says in a chat that the Rangers aren’t going over $3 million per year for Stepan and that Stepan is looking for $3.5 million per season.

1:46PM: (9/19/13) At TSN, Darren Dreger writes that Derek Stepan is still locked in hardball negotiations with the Rangers over the amount of money he will get paid on his two-year deal.

Dreger writes that Stepan is looking for $7 million over two seasons while the Rangers “would happily” sign Stepan to a deal for $6 million over two seasons.

He says that the difference may not seem like much but the Rangers are “crunching” every dollar they can to comply with the salary cap.

Dreger says that at this point it seems unlikely that Stepan will be with the Rangers when they start the season in Phoenix on October 3rd.

For more on Stepan’s contract, CLICK HERE.