Kevin Shattenkirk's tenure with the New York Rangers is coming to an end, as the club will buy out the veteran defenseman's contract, the New York Post's Brett Cyrgalis reports.
The Rangers have informed Shattenkirk that he'll be bought out, according to the New York Post's Larry Brooks.
Shattenkirk has two years remaining on the four-year, $26.6-million pact he inked with the Rangers on July 1, 2017. The deal carries a cap hit of $6.65 million.
The 30-year-old is owed $6.6 million in base salary in 2019-20 and $2 million in base salary - with a $2-million bonus - in 2020-21, according to CapFriendly.
#Rangers buying out the remaining 2 years of Shattenkirk's contract would result in 4 years of buyout cap hit broken down as follows:
— CapFriendly (@CapFriendly) July 31, 2019
2019-20: $1,483,333*
2020-21: $6,083,333
2021-22: $1,433,333
2022-23: $1,433,333
*It would save NY $5,166,667 in cap space this season. pic.twitter.com/0pG9p5leTO
Because Shattenkirk has a no-movement clause in his contract, the Rangers aren't required to place him on unconditional waivers before buying him out.
Shattenkirk collected 28 points in 73 games with New York this past season after posting 23 in 46 contests during his first campaign with the Rangers in 2017-18.
The former member of the Colorado Avalanche, St. Louis Blues, and Washington Capitals averaged only 18:56 in ice time for New York in 2018-19, ranking fifth on the club among blue-liners.
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