Archive for Derek Stepan
Derek Stepan’s arbitration date is tomorrow, and he will be the talk of Rangerland until the day he signs. So here are some things to expect to hear over the next two days.
1. Everyone will flip out over Stepan’s asking price.
Stepan is asking for $7.25 million in arbitration. Insert rage here.
In reality, Stepan’s asking price is actually reasonable. He’s worth more than that on the open market, but for some reason people have an aversion to signing homegrown players to large contracts. The kid is 25 years old and was on a 66 point pace over a full 82 games. He did this while dragging around a 41-year-old and clearly lost it Martin St. Louis on his line.
2. No one will have an issue with the Rangers’ price.
Four questions for this week’s mailbag. As always, use the mailbag feature on the right to send us questions throughout the week.
Q: What do you think Derek Stepan is worth? What will he actually get?
I had to trim this question down a bit, since the email had about five paragraphs. I think Stepan is worth that $7 million number that seems to scare everyone. If you think about this in percent of cap, that’s 10% of the cap. I certainly think Stepan is worth that. As cap inflation, which is a real thing, rises, then the percent of that hit goes down. It may not go down much, but the alternative is to trade him? For what? This team is in win-now mode for good reason, and Stepan-Brassard-Hayes-Moore is a lot better than Brassard-Hayes-Lindberg-Moore.
In the end, I think he gets $6 million for his last two RFA years, matching what Ryan O’Reilly got in his last two RFA years, then an average of $7 million for the last four years. That averages out to $6.67 million per year. Well worth it for a 25 year old center, and the contract expires when he’s 31 years old.
Much discussion has been had about Derek Stepan and his pending arbitration on July 27. I took a stab at predicting his contract, but that was before the Ryan O’Reilly deal ($7.5m AAV, all UFA years) and Ryan Kesler ($6.875m, all UFA years) were signed. The ROR deal doesn’t help matters at all, especially since Stepan and ROR are almost identical in terms of production and role.
Stepan is the better player than Kesler, but Kesler has name brand value. Kesler’s deal actually helps the Rangers, because he is perceived as the better player, although that is far from the truth nowadays.
I think Stepan gets $6 million for his two remaining RFA years (equal to what ROR got for his final RFA years). I think that gets bumped to an average of $7 million for the UFA years signed, and let’s shoot for four years. That puts Stepan at six years and $40 million, or a $6.67 million cap hit. Just my updated guess.
So what do you think Stepan is worth? Personally, I think he’s worth north of $7 million, which is 10% of the cap. I prefer to look at things in terms of percent of cap, since cap inflation is absolutely real. As the cap increases, Stepan’s deal will count towards less percent of the cap, thus making it a relative bargain. Plus, he’s 25 now, so it’s not like the Rangers are buying his 30-year-old years.
Derek Stepan’s arbitration date has been set for July 27. While it is unlikely that this goes to arbitration, the Rangers and Stepan now have exactly two weeks to get a deal done before that arbitration date. If a deal is not reached, then there will be a one or two year amount given by the arbitrator. The Rangers then have the option of walking away from the awarded amount, making Stepan a free agent. That’s extremely unlikely to happen.
My guess is that this will go to the final hours, and we will probably see a deal during the weekend of July 25/26.
In the most unsurprising move of the offseason thus far, Rangers center Derek Stepan has filed for arbitration. He was the only player –since Carl Hagelin was traded– that was eligible for arbitration on the Rangers. This is just a step in the process, and it is very rare that a player actually goes to arbitration. The only players I can remember getting to that point were Sean Avery and Nik Zherdev.
By filing for arbitration, Stepan will be unable to sign an offer sheet, so this actually protects the Rangers a bit. Players and teams can still negotiate right up until the arbitration hearing, and I expect Stepan to sign his deal before his hearing.
Again, this is part of the process, and is normal for arbitration eligible players.
Happy 4th of July weekend, BSB community! Before we get started, just a quick housekeeping issue: we have our off-season plan contest finalists down to our final three. The finalists have submitted tremendously creative and interesting proposals. The plan is to start unveiling those next week for community voting, however, I didn’t want to bury them at the beginning of a holiday weekend, so you’re stuck with my thoughts.
Let’s have a gander at the grades for the Rangers’ top two forward lines shall we?
Rick Nash’s overall season can be argued both as a positive and a negative. Indeed, there are few players that have divided opinion the way Nash has since he became a Ranger. A season that featured notable career highs but that was offset by another underwhelming postseason, things went as far as culminating with Nash being considered prime trade material this offseason. Hardly the appreciation you’d expect for a 42 goal player and early season Hart Trophy candidate. The problem is that Nash, like many Rangers, is now judged primarily on what he does after the regular season and this is where he failed to live up to both his regular season production and significant salary.
Nash needs to be a leader, the go-to guy offensively and in the postseason that didn’t happen nearly enough. Nash lacked postseason consistency, was never close to being his dominant regular season self and as the Rangers went quietly into the offseason, tellingly, so did Nash. Once again, despite solid numbers the microscope will firmly be on Nash come October. Despite the disappointing end, Nash finished in the top ten for the Hart trophy. Grade: B
I find the NHL Draft to be such an interesting concept. Not only do front offices have to be ready to deal with reacting to their punch list of player rankings and how to best utilize those picks, they also must engage in rapid-fire trade discussions and last minute pick movement. Fascinating. The Rangers are in an unusual position (for them, at least) at the Draft this season, having no high picks and several valuable assets. There are numerous ways the next two days can play out, so naturally, I have some thoughts.
- Might as well start with Cam Talbot. Over the last few weeks, we have gotten a little better idea about where his market stands in the context of a potential bidding war between Buffalo, San Jose, Edmonton and potentially teams like Dallas or Florida. The claim is that Sather turned down two second round picks. I trust the big guy’s trading prowess, and that’s a solid return to turn your nose up at in a very deep draft.
Yesterday, I looked at what Carl Hagelin’s next contract might cost the Rangers, and it came out to be maybe $250,000 more than most had him pegged. I usually guess a little higher, so that people aren’t shocked if the contract comes in higher than expected. The other expensive RFA is Derek Stepan, the Rangers top-line center. Stepan, like Hagelin, is coming off his two-year bridge deal, which paid him $3.85 million this past season, and came with a cap hit of $3.075 million.
Stepan, who turns 25 tomorrow, had a weird season. He put up 55 points (16-39-55, 3-7-10 on the powerplay). Those numbers seem to be on-par with normal expectations, but are a far cry from his pace in the lockout shortened 2012-2013 season, when he put up 18-26-44 in just 48 games. I think Stepan is a 50-60 point center, putting him in the middle range of top-line centers. Stepan is also one of the few right-handed shots on the powerplay. Stepan, like Hagelin, is also arbitration-eligible.
Here’s the video of the winner. Enjoy for one more day.