Earlier today, the New York Rangers announced that they were sending their 2025 first round draft pick - 12th overall - to the Pittsburgh Penguins and retaining their 2026 first rounder. The move completes the trade in which the Rangers acquired J.T. Miller from the Vancouver Canucks back in February for a top-13 protected number one. The Rangers had until 48 hours before the Draft to decided which pick they were keeping. The reason it's going to Pittsburgh and not Vancouver is because the Canucks traded it to the Pens in the Marcus Pettersson deal.
So what does this mean?
For starters, I don't think it means that Chris Drury believes next year's pick will be higher, e.g., better. For his sake, it better not be. Indeed, the prevailing sentiment around the NHL is that this team, even with all its flaws, is much better than what it showed last season. That doesn't mean the Rangers will win the Presidents' Trophy, but it does mean they should make the playoffs. Why else would Drury hire Mike Sullivan to coach the team if he didn't feel that way?
That's why this move was so vital. Holding onto next year's first round pick provides Drury with five possible options.
One: An Offer Sheet. For almost a month now the scuttlebutt around the league has had the Rangers signing J.J. Peterka of the Buffalo Sabres to an offer sheet. There was just one hitch. If they kept their '25 first rounder, the Rangers wouldn't have one to send to Buffalo in the event the Sabres couldn't match the offer. An offer sheet with an AAV of $7.02 million per would require a first and third round pick as compensation. Here's the thing, though: based on the CBA, even if Drury front loaded the offer sheet with signing bonuses in each year, the highest salary he can pay Peterka in year one is $8.775m: $8m signing bonus and $775k base. Difficult, but hardly insurmountable for Buffalo. But in the end, why would the Sabres bother matching an offer for a player who has made it clear he doesn't want to be there?
Two: Leverage. Drury doesn't actually have to sign Peterka to an offer sheet; he can just threaten to do so. Indeed, if he plays his cards right, he might be able to negotiate a deal with his counterpart Kevyn Adams in which he keeps his first rounder and gives up, say, Gabe Perrault, Brennan Othmann and a third round pick for Peterka or Alexis Lafreniere and Braden Schneider for Peterka and Bowen Byram. Drury would then have to sign both players to long-term deals.
Three: Trade deadline acquisition. If the Rangers have the kind of season Drury expects them to have, he can use that pick to land a player at the deadline that can hopefully put them over the top. And with the salary cap going up to $104 million in the 2026-27 season and $113.5 million the following season, he could acquire a player with term without worrying about going over the cap, something he couldn't do in past years.
Four: Keep it. There's no law that says you have to trade your pick. If the Rangers unexpectedly shit the bed again this coming season, that first round pick will come in handy along with all the other picks the Rangers will accumulate by being sellers at the deadline. But, I stress, this is unlikely.
Five: Trade a player on the roster for another player or pick in this year's draft. K'Andre Miller's name has been mentioned as a possible trade chip to acquire a forward or perhaps a draft pick in the upcoming draft. As I mentioned in an earlier piece, the defenseman has regressed over the last couple of seasons and remains an enigma. Perhaps a change of scenery would be best for both parties.
The drama continues.
We'll know soon enough what Drury's intentions are.
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