The Rangers are in the process of finalizing a deal with the Calgary Flames, a deal that would see Olli Jokinen come to Broadway in exchange for Ales Kotalik and one of Christopher Higgins or Matt Gilroy. More details to come.

Update 10:22pm: Matt Gilroy will not be involved in the deal.

Update 10:25pm:The final deal will be Ales Kotalik and Christopher Higgins to Calgary for Olli Jokinen and Brandon Prust.

Update 10:30pm: This is a fantastic trade. The best-case scenario for the Rangers in terms of buying at the deadline.

The Rangers have successfully filled two glaring holes in their lineup, they added a lot of toughness in Prust, who is a much better fighter than Aaron Voros, and added some much needed scoring in Jokinen. Going over to Calgary are two players that have fallen out of grace in NY. The loss of Higgins is going to be felt more than people realize, but the addition of Jokinen is definitely worth it.

In terms of salary cap, Jokinen is a UFA at the end of the season, so the Rangers will be clearing his $5.25 million cap hit. Brandon Prust is a RFA, but makes the league minimum. In terms of net value, the Rangers will be netting $3 million in cap space by dealing Kotalik.

This is a fantastic deal. I absolutely love it.

Update 11:30pm: Trade won’t be announced tonight, Calgary is holding up the deal. I would assume they want more for Jokinen.

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