At ESPN Insider, Craig Custance writes about how that rule, named by many as the Wade Redden rule, would impact the Rangers who would need to carry Redden's cap hit on their roster for the final two years of his contract.
The NHL offer provides teams one year to transition to a lower salary cap so Redden could be on the Rangers roster this year, the Rangers are currently at $62 million and still need to sign Michael Del Zotto.
Custance writes that the issue would be after the season when Derek Stepan and Ryan McDonagh are both due raises, but the NHL proposal does try and curb how much players can make in their second contract.
The NHL proposal would allow the Rangers to be able to trade Redden but still absorb some of his cap hit.
Adam Rotter: I don't worry about this and at worst, if the Rangers need to carry Redden this season, it will be another body to add for defensive depth. Overall though, I don't see Redden every playing for the Rangers again. Either an amnesty buyout will occur, as it should to help teams in the transition period, or the Rangers will find someone willing to take him on to meet the salary floor and add a veteran on defense. Redden's actual salary is down to $5 million per year over the final two years of the deal and defensemen are always at a premium. Something will be worked out and Redden won't be a problem for the Rangers.