Per Darren Dreger, the Rangers are still not set on buyouts. However they may not have any other options. There are few trade partners for Henrik Lundqvist, especially now as teams are jockeying to stay within a budget.
— TSN Hockey (@TSNHockey) September 25, 2020
This is expected, as the Rangers were unlikely to buy out Lundqvist immediately once the buyout period. The buyout period lasts two weeks, so there really was no reason to do it right away. The Rangers will explore all options.
A Henrik Lundqvist trade is highly unlikely, even if we can galaxy brain a partner. Even though he has some value with a very high cap hit ($8.5 million) with far less money due ($4.5 million). At 50%, that’s $4.25 million and $2.25 million, respectively. That has value, but the question is, how much? Also, Lundqvist has a full NMC/NTC, so he would need to approve the trade.
That no-move clause is also important for buyouts. Lundqvist has the right to refuse unconditional waivers and go straight to the buyout. We won’t get a full day’s warning of a buyout, like Ottawa did with Bobby Ryan.