By David AmorusoPosted Mar 04, 2017 10:23AM EST — The New York Rangers are close to getting what they want from New York’s next captain in John Taves.
Sources with knowledge of the situation tell ESPNNewYork.com that the Isles are set to offer Tavares a five-year deal worth $75 million.
That would be the fourth-highest contract in the league.
The offer would come in the form of a no-move clause, meaning the team could choose not to match any offer, including a qualifying offer, if they want to keep Tavares.
The Islanders would have to pay Tavares, assuming they don’t re-sign him, at least $3.8 million in salary in 2019-20.
That would be significantly more than what they would pay to retain John Tavars salary next season.
The $75-million contract would make Tavares the third-highest-paid captain in the NHL behind Jonathan Toews ($85 million) and Jamie Benn ($85.2 million).
The Isles, meanwhile, would get a little more than $2 million in cap space by not matching Tavares contract.
That includes about $1 million of cap space that is now available as the team prepares for the 2018-19 season.
That cap space has been a key source of contention for the Islanders this season, as they have been under the cap at roughly $58.9 million.
In addition to a salary cap space problem, the Islanders’ goal is to try to avoid a salary spike next season that would hurt them financially, which is a goal that has been made by management before.
The Rangers, on the other hand, have not been able to close the deal with Tavares due to a number of factors.
The Isles’ situation, which included a $6 million cap hit, is different than the Rangers, who would have had to match their cap hit to keep their captain.
The Islanders also have an additional year of control over Tavares beyond the 2018 season.
In order to make Tavese a Ranger, the team would have have to match his deal.
The team would need to match Tavares salary for the rest of the 2019-2020 season, meaning they would have roughly $18.4 million available for the remainder of the season.