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 ...
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