The New York Rangers vs. the Salary cap

Today, the New York Rangers extended goalie Henrik Lundqvist through 2021, or, until "The King" is 39. Obviously, this wasn't a cheap move for the Rangers. It'll cost them $8.5m per year, or $59.9m over the next seven seasons. That's roughly $1.6m more than the current cap hit for the Swede. Going through his worst season in recent memory, this deal could lift a giant weight, allowing Lundqvist to hit the form that dragged the Rangers into last years playoffs, and help Sweden in the upcoming Sochi Olympics.

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