Rangers ink St. Croix, place several on waiversSeptember 14, 2012, by
Rangers have signed Michael St. Croix. 3 year / $575 000 avg + 270 000 SB (2 way)
— Renaud Lavoie (@renlavoietva) September 14, 2012
The deal is great for both sides. St. Croix has the potential to be a fantastic scorer in the league, especially considering how he has dominated the WHL. As Lavoie noted, the deal is for $575,000 annually with a $270,000 signing bonus, for a cap hit of $665,000. This also means that St. Croix can play in the AHL in the event of a lockout (if he doesn’t stick with the Edmonton Oil Kings of the WHL).
Also per Lavoie, the Rangers placed eight players on waivers yesterday:
This is in preparation for a lockout, as these players need to clear waivers prior to playing in the AHL. It’s expected that all will clear waivers. The only player on the roster that does not require waivers is Chris Kreider, who will also be a part of the Connecticut Whale in the event of a lockout.
It is expected that several other players (those that will certainly be claimed on waivers), including Derek Stepan, Carl Hagelin, and Ryan McDonagh will sign AHL-only contracts and join the Whale when the lockout begins. This is to ensure that the players remain within the organization and in hockey shape.
Welcome to Lockout City, Population: Us.