Brooks says that since Dubinsky is two years away from being a UFA, the Rangers can elect a two-year award for Dubinsky if the two sides can't reach an agreement before his arbitration hearing on July 21.
Callahan is only one year away from being a UFA and is much more pressing to get signed before his arbitration hearing on July 28th.
Brooks says that both players are expected to get between $3.7 million and $4.4 million if they go to arbitration.
The Rangers have $11.6 million in cap space.
With Brian Boyle signed, the focus should be on Brandon Dubinsky as his case is the closest to being heard. Maybe the Rangers will need to pay a little more per season to get them locked up for three or four years and avoid the nastiness of arbitration. I really can't stress that enough. You don't want to start pointing out what is wrong with two of your best players, youngest stars, and leaders. It will just lead to bad blood and distractions that the team doesn't need.