Rangers, Chris Kreider $750K apart 2 days ahead of salary arbitration hearing

by Jul 21, 10:01 AM

The New York Rangers are scheduled to hit salary arbitration three times over the next two weeks with forwards Chris Krieder, Mats Zuccarello and Derick Brassard. That's the bad news, particularly for a club with just under $12 million in available salary cap space and only 10 forwards currently signed to one-way contracts.

The good news? In the case of Kreider, a prized 23-year-old power forward whose arbitration hearing is scheduled for Wednesday, July 23 - the club and the player aren't too far apart. 

From Sportsnet's Elliotte Friedman:

These numbers are exchanged as part of the mandatory exchange of "briefs" by the two sides no less than 48 hours ahead of a scheduled salary arbitration hearing. Because Kreider filed for player-elected salary arbitration, the Rangers have the option of selecting either a one- or two-year term for the potential award, and have reportedly decided to lock up Kreider for two-years.

The Rangers are basically looking at signing Kreider to a two-year deal with an average annual value of $2.05, while Kreider's camp is seeking a $2.8 million deal. That's only a $750,000 difference, which isn't massive, and likely won't prove too difficult to overcome in settlement talks over the next two days.

Jul 23, 9:34 AM

Rangers, Kreider avoid arbitration; agree to 2-year, $4.95-million contract

by Jul 23, 9:34 AM

The New York Rangers and 23-year-old power forward Chris Kreider avoided a scheduled salary arbitration hearing with an 11th hour settlement on Wednesday. The two sides agreed to terms on a two-year contract worth $4.95 million dollars in total, according to a report from CBC's Tim Wharnsby. The two-year pact will carry an average annual value of $2.475.

Kreider, 23, had a break-out season in his first full campaign as an everyday NHL player, scoring 17 goals and 37 points in 66 regular season games. In the postseason, Kreider elevated his game on New York's run to the Stanley Cup Final, with 13 points in 15 Stanley Cup playoff games. (650k) (850k)

This two-year "bridge" deal will pay Kreider $2.35 million in the first year of the contract, and $2.6 million in the second year of the deal. Kreider's camp was asking for $2.8 million per year at arbitration, while the Rangers were seeing a contract with an annual averaged value of $2.05 million - so the settlement comes in at a figure that is modestly slanted towards Kreider's ask. 

The Rangers were scheduled to have three arbitration hearings in late-July, but have now settled with Kreider and skilled forward Mats Zuccarello. Forward Derick Brassard is still on the docket, and his arbitration hearing is scheduled for Monday, July 28. 

Jul 22, 3:41 PM

Report: 'No agreement in sight' for Rangers, Kreider as salary arbitration hearing looms

by Jul 22, 3:41 PM

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When the two sides exchanged briefs 48 hours ahead of their player-elected salary arbitration hearing, which is scheduled for Wednesday morning, it turned out that the New York Rangers and forward Chris Kreider were only $750,000 apart. Though that gap seems meager, it would appear that the two sides aren't close to working out a settlement ahead of Wednesday's hearing, according to a report from Larry Brooks of the New York Post:

In his first full season as a regular NHL player, Kreider shone with the Rangers and played a key role in the club's run to the Stanley Cup Final. 

Blessed with a freakish combination of size and speed, the 6-foot-3, 225 pound forward managed 17 goals and 20 assists in 66 games in the regular season; adding an additional five goals and and 13 points in 15 Stanley Cup playoff games.