Terms aren’t quite official yet, although it appears that the consensus is that it’s a four-year deal with a cap hit a bit under $5 million per season.
Aaron Ward reports that it’s $4.625 million per year, although there might be some fluidity to that exact number.
The New York Post’s Larry Brooks backs that up:
Even if Kreider experiences peaks and valleys from a production standpoint, this continues the Rangers’ run of getting good deals on RFAs. Whether they inspire loyalty or merely drive a hard bargain, they tend to keep their homegrown guys for reasonable prices (while breaking the bank for big names with sometimes iffy results).
Kreider is 25, so this deal eats up a healthy chunk of UFA potential.
Echoing Leonard’s point, Brooks believed that Kyle Palmieri could serve as a comparable for Kreider, yet Kreider took one few year and $4.625 million to Palmieri’s $4.65 million.
(Of course, that could be to Kreider’s advantage if the cap climbs in the future and he ends up signing a well-timed deal then.)
The Rangers initially faced five possible arbitration hearings, but now only Kevin Hayes remains, with that scheduled for July 27.
It’s not a big surprise to see most of these hearings being avoided. Feelings can be hurt in many of those cases.