Report: Callahan, Rangers negotiations stalled as trade freeze approaches

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Although they reportedly balked at captain Ryan Callahan’s initial demands — believed to be in the range of $45.5 million and $49 million over seven years — the New York Rangers resumed their contract negotiations with his agent this week.

It didn’t help. The Rangers are countering with a five-year, $30 million deal and the two sides haven’t moved meaningfully closer to resolving the impasse, according to ESPN’s sources.

Teams won’t be allowed to trade from 3:00 p.m. ET today through Feb. 23 at 11:59 p.m. ET. Earlier reports suggested that the Rangers might push to trade Callahan before that deadline if they couldn’t re-sign him, but it now sounds like they’re more likely to wait until after the Olympics to resolve this matter.

It helps that Callahan has handled himself nicely. He had one of his biggest games of the season on Tuesday when he scored two goals and three points against Colorado.

That’s good news for Team USA as he’ll likely have this hanging over his head while he’s playing for them in Sochi.