Tampa Bay has announced that former Rangers captain Ryan McDonagh has signed a seven-year contract extension that will pay him $6.75 million per-year starting in 19-20.
McDonagh is still under contract with a cap hit of $4.7 million.
In a statement, McDonagh said "I'm very excited to sign an extension that will keep me with the Lightning organization for the next eight season. Since being traded to Tampa Bay earlier this year, my experience with the city, my teammates and the fans has been nothing short of world-class. My family and I are very excited to continue to play and live in Tampa with the ultimate goal of helping to bring the organization its second Stanley Cup."
The deal includes a full no-trade until 2026. (Smith)
Adam Rotter: So the two Rangers sent to Tampa are staying in Tampa with deals that, on the surface, look fair. The issue when comparing the deals they signed with Tampa and what the Rangers could offer is the lack of a state tax in Florida. The numbers look good but for the player to take home the same amount of money with the Rangers than they would with Tampa, the cap charge would need to be around $1 million more. As for McDonagh, this gives him security, a good spot behind Victor Hedman and keeps him in a role with Tampa Bay that should be perfect for him.