The Rangers have announced that they have officially bought out the final year of Tony DeAngelo’s contract.
The buyout will save the Rangers $4.4 million in cap space but create dead cap hits for the next two seasons of (CapFriendly):
- 2021-22: $383,333
- 2022-23: $883,333
The Rangers offered DeAngelo the chance to terminate his contract and allow him to become a free agent but DeAngelo turned them down.