1:02PM: The Rangers have announced that they will buy out the contract of Dan Girardi.
"Dan's contributions to the New York Rangers organization have been immeasurable," Rangers President Glen Sather said. "He has been a role model through his relentless determination, giving everything he had to this organization both on and off the ice. He, Pam, Landon, and Shaye will always be a part of the Rangers family."
"I would like to thank Dan for everything he has given of himself to the Rangers over 11 seasons," Gorton said. "He has been one of the key contributors to our success over the past decade. We have the utmost respect for Dan and wish him all the best going forward."
Girardi had three-years left on his deal at $5.5 million as well as a modified no-trade clause and a no-move clause.
The following chart details how much money the Rangers will save from the buy out as well as how much of a cap charge they will have (Cap Friendly):
He reportedly played with three cracked ribs in the playoffs. (Friedman)
Girardi said in a statement that the team provided, "I poured my heart and soul into this team for the past 11 seasons and I enjoyed every minute of it. I want to acknowledge that the Rangers are a first class organization who have always treated our players in a first class fashion. My family and I are most grateful for the way we have been treated during our stay in New York."
Adam Rotter: This is most certainly an end of an era for the Rangers as Girardi was the longest tenured Ranger behind Henrik Lundqvist. The Rangers needed Girardi's roster spot and ultimately, dead cap space or not, this was really their only option. I don't think anyone wants six-years of dead cap space, especially in 18-19 and 19-20 when it's $3.6 million, but it was unfortunately time to move on from someone who gave everything he had every time he was on the ice. Girardi was a big part of the Rangers rise toward the top of the Eastern Conference with John Tortorella and certainly made the most out of being an undrafted free agent that started his pro career in the ECHL. Girardi was a great Ranger and is certainly someone worthy of a lengthy standing ovation the next time he is at Madison Square Garden.