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Rangers Announce Retool as Reports Point to Panarin Exit

Management cited injuries and a last-place standing and outlined a push for young players, draft picks and cap flexibility ahead of the March 6 trade deadline.

Overview

  • GM Chris Drury issued a letter to fans declaring a retool, not a rebuild, and said the team will not stand pat given this season’s results and injuries.
  • Drury met individually with members of the leadership group and addressed the full team before releasing the message, according to multiple reports.
  • Multiple outlets report Artemi Panarin was told he will not receive an extension and that the club will work on a potential move, though his full no‑movement clause and $11.64 million cap hit give him control over any trade.
  • The Rangers enter the weekend last in the Eastern Conference with a minus‑21 goal differential, have lost five straight, and are missing Igor Shesterkin and Adam Fox with lower‑body injuries.
  • ESPN reports New York plans to be active in shopping players before March 6, targeting youth, picks and cap space while keeping a defined core, with league chatter noting Vincent Trocheck could draw interest but his future is uncertain.