9:07PM: "the Ryan Callahan camp has moved and they have been doing the moving as of late. He has gone from seven years to six years, which was a major sticking point, they have reduced their asking price to south of $6.5 million. Really, there is less than half a million a year difference between the Rangers offer of $6 million a year times six vs Callahan's latest offer. As far as Callahan is concerned it is up to the Rangers to respond to the offer that was made on Friday. The clock is ticking, most people around the Rangers feel that they will not budge from 6 times 6, Callahan feels he has just made his move." (Pierre LeBrun on Insider Trading)
7:55PM: Callahan's agent has presented the Rangers with their latest proposal and is awaiting a response. (NY Post)
7:01PM: "There have been some negotiations in the last number of days and where Ryan Callahan was originally asking for a seven year deal in excess of $7 million per year, it's now down to six years at somewhere just south of $6.5 million dollars per year. The Rangers have recently extended an offer of six years and $6 million per year. What we are really talking about is less than half a million per year over a six year period, or under $3 million dollars." (Bob McKenzie on NHL Live)
"There are two ways of looking at it: (Bob McKenzie on NHL Live)
- "wow, Glen Sather spends that much on lunch on July 1 sometimes, it shouldn't be a problem, split the difference and call it a day and there we go boom, you're done, keep the captain in the fold and everything is wonderful."
- "The flip side is that Callahan believes he can get a lot more going to open market and he is already sacrificing earning power by staying and taking a lesser deal. The New York Rangers already feel, I think, that they are overpaying a guy that is a $5.5, $5.75 and that they are going the extra mile by going to $6 million a year. So it's gonna be interesting to see where it goes. I don't know that either side has that much wiggle room but we have a little less than 48 hours to see if they can get something done. It obviously depends what the trade market holds for the Rangers with Callahan."
5:15PM: "It's coming down, now it's...I guess prior to the Olympic break he went down to six-years and said, 'okay I will do six,' but the number was still closer to $7 million. In the last number of days his reps have spoken to the Rangers and now it's six-years, somewhere south of $6.5 million per year. The Rangers are offering six-years at $6 million. Can they both be unhappily happy at six-years and $6.25 and I am not sure that the answer to that is yes. I think the Rangers feel that he is their captain, they don't want to lose him but this is still $500,000 more than we think we should be paying him." (Bob McKenzie on TSN 1050)
12:31PM: Ryan Callahan's agent Stephen Bartlett says that he is going to put on "one last push" over the next 48 hours to sign a contract extension with the Rangers. He says that the two sides are still trying to find common ground. (USA Today)
Callahan's contract numbers have dropped to six-years and something between $37 ($6.16 cap hit) and $39 million ($6.5 cap hit). (USA Today)
- It was reported this morning that Callahan lowered his demands
- The Rangers are holding firm on $6 million a year for six-years
Bartlett adds that since Dan Girardi signed for six-years Callahan would probably have to sign for six also. (USA Today)
If the Rangers can't sign Callahan, Bartlett says "I have no worries of his value if he goes on the market this summer."(USA Today)