New York Rangers begin buyout process for Tony DeAngelo

Igor Burdetskiy July 23, 2021

1 1 minute read

The Rangers are finally parting ways with Tony DeAngelo.

The 25-year-old defenseman was placed on waivers Friday, the first step to buying out the final year of his contract. The USA TODAY Network reported earlier this month that the Rangers would wait until after the expansion draft to execute the buyout, with Frank Seravalli of the Daily Faceoff reporting that the process officially began Friday morning.

Hearing #NYR plan to officially begin buyout process for D Tony DeAngelo today.

Two year cap charge for #NYR at $383k and $883k. He will become UFA once buyout is executed after passing through waivers.

@DFOHockey

— Frank Seravalli (@frank_seravalli) July 23, 2021

The move will save the Rangers a total of $4,416,666 against the salary cap next season. They’ll be left with a minor $383,334 cap charge, which will go up to $883,334 for the 2022-23 season.

DeAngelo signed a two-year, $9.6 million contract in October and lasted only six games. His undisciplined antics and controversial use of social media had been a source of frustration for Rangers management, but the breaking point came during a Jan. 30 postgame altercation with goalie Alexandar Georgiev.

Two days later, former Rangers general manager Jeff Gorton placed the New Jersey native on waivers and essentially sent him home.

“He has played his last game for the Rangers,” Gorton said at the time.

New team president and GM Chris Drury has decided to stick by that decision.

The Rangers explored trade options for DeAngelo, but found teams were reluctant to take on the baggage. The few who showed interested wanted the Blueshirts to retain a hefty chunk of his $4.8 million average annual value, which they refused due to the low cost of the buyout.

The reason for the low cap charge is because the NHL only requires teams to pay one-third of the remaining contract value if the player is younger than 26 at the time of the buyout, according to CapFriendly.

DeAngelo is now set to become an unrestricted free agent on Wednesday.

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Igor Burdetskiy

Founder, Editor-in-Chief, & CEO at Hooked on Hockey Magazine

I grew up playing Ball and Roller Hockey day and night somewhat religiously throughout elementary and middle school. The two don't compare though when I lace up the skates and hit the ice. I live and breathe hockey beyond the perspective of "it's just a game" and I will gladly talk hockey for hours with anyone. Hockey is more than just a lifestyle, it's a culture of passionate people who make memories every time the puck is dropped. Hockey has not only helped me get through some of the hardest times in life but has created some of the best memories to date. Want to talk hockey with me? Shoot me an email: iburdetskiy@hookedonhockey.com and let's talk some hockey!