Originally written on NY Rangers Blog  |  Last updated 11/15/14

NEW YORK - JANUARY 25: Ryan Callahan #24 of the New York Rangers skates against the Pittsburgh Penguins skates against on January 25, 2010 at Madison Square Garden in New York City. Penguins defeated the Rangers 4-2. (Photo by Mike Stobe/Getty Images)
Larry Brooks at the New York Post reports that while Ryan Callahan and Carl Hagelin will be sidelined for the first few weeks of the year, it won't be enough time to qualify for the long-term injury exemption. In order for a player to be eligible to be placed on long term injured reserve (LTIR) the injury must cause them to miss at least 10 games or 24 days. ...this is important to the Rangers as many felt the additional cap space putting these two on LTIR would give the Rangers could have been used to help get Stepan signed. Here's how LTIR cap relief works according to Cap Geek... "The placement of a player on LTIR does not remove the player's cap hit from the team's cap payroll — the cap hit continues to count. Nor does the placement of a player on LTIR provide the team with any additional cap-space savings that can be banked for future use while the team operates below the upper limit. Placing a player on LTIR only provides relief if the team's cap payroll or "Averaged Club Salary" begins to exceed the upper limit. The amount of LTI relief is limited to the amount the team has gone over the cap — less the amount of cap space the team had at the time the LTIR transaction took place — and not the entire amount of the injured player's salary. Further to the previous paragraph, eligible long-term injury space is calculated on the day the player is placed on LTIR. If the salary cap is $70.0 million and the team has a $69.0 million cap payroll the day Player A with a $4.0 million cap hit is placed on LTIR, the team's cap payroll or "Averaged Club Salary" can only exceed the cap by $3.0 million at any point thereafter. Breakdown: $69.0M + $4.0M - $70.0M = $3.0M" So with the cap set at $64.3M this season and the Rangers at $61,731,667 cap payroll, if Callahan ($4.275M) and Hagelin ($2.275M) do end up going on LTIR the Rangers will be able to exceed the cap by $3,981,667. Breakdown: $61,731,667 (NYR cap salary) + $6.55M (Cally/Hags combined yearly salary) - $64.3M (cap) = $3,981,667 Meaning they'll have $6,550,000 of available space to re-sign both Stepan and Zucarello, which should hopefully only cost $5.5 million. Once the injured player is healthy, the team must reduce its cap payroll below the upper limit before the player can be removed from LTIR. Meaning a couple of players will have to be waived from the roster to make room for both Cally and Hags while keeping them under the original cap ceiling. ...i hope I didn't confuse anyone or completely get this wrong with my explanation of how this could help the Rangers sign Stepan and Zuccarello. Other avenues the Rangers could use to assist in the re-signing of both players is by demoting Asham and Powe for a $1.9 million savings as well as taking advantage of the summer cap which increases the upper limit by 10% during the offseason. Both LTIR and summer cap are just temporary fixes so I think the move ultimately ends up being the demotion of Asham and Powe. Remember to follow me on Twitter & Facebook or e-mail me at nyrfan94@yahoo.com.
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

John Harbaugh: Bill Belichick is best coach of this century

Brandon Jennings suffers horrific Achilles injury

Van Gundy rips Bulls management about Thibs

Harbaugh lands first commitment at Michigan

NFL warns Seahawks about 'obscene gestures'

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Lane Kiffin will remain with Alabama in 2015

Belichick: Patriots followed 'every rule' prepping footballs

Colts LB Andrew Jackson arrested on DUI charge

Sam Shields: Dez Bryant catch should have counted

Klay Thompson sets NBA record with 37 pts in a quarter

Hall of Famer Ernie Banks passes away

WATCH: Urban, OSU students send message to Mark May

The five best Super Bowl matchups ever

WATCH: Mike Riley gets big welcome at Nebraska game

Leonard Fournette's brother commits to LSU

Bledsoe not happy about other QBs trashing Brady

Red Sox P Joe Kelly predicts he will win Cy Young Award

WATCH: Bill Belichick drops 'My Cousin Vinny' reference

USC sends recruit personalized business cards

Coastal Carolina planning to install teal-colored field

The five most significant Super Bowls of all time

WATCH: J.R. Smith, LeBron half-court alley oop

Sesame Street makes "inflate" the word of the day

NHL News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Jennings suffers horrific injury

Harbaugh lands first commitment

Seahawks GM: I love Lynch's act

Lane Kiffin staying with Alabama

Belichick goes 'My Cousin Vinny'

Belichick: Patriots followed 'every rule'

Could Patriots have used a sauna?

Klay Thompson scores 37 pts in a quarter

Hall of Famer Ernie Banks passes away

Sesame Street makes "inflate" the word of the day

Which NBA player should get next on a signature shoe deal?

NFL's Deflategate statement doesn't say much

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.