As expected for some time now, the Rangers have signed Ryan Malone to a one-year, two-way deal expected to be around $700,000, per Larry Brooks. This is a very low-risk signing, since the contract is two-way and will not have any cap implications should Malone need to be sent to the AHL. It also serves as competition for guys like Jesper Fast, J.T. Miller, Oscar Lindberg, Ryan Bourque, and Kevin Hayes.
As we found out last week, Anthony Duclair’s contract does not count towards the 50 contract limit if he is returned to the QMJHL (although it won’t slide and they will burn a year of it), thus the Rangers had room to add Malone.