Report: Dan Girardi signs with Tampa Bay Lightning
After being bought out by the New York Rangers, 33-year-old defenseman Dan Girardi will reportedly sign with the Tampa Bay Lightning.
Girardi was in the midst of a six year, $33 million contract that included a no-movement clause throughout the life of the contract, as well as a modified no-trade clause that was set to activate on July 1, 2017.
The annual buyout cost that Girardi is owed for each of the next six seasons is $1,111,111. His buyout cap hit varies for the Rangers from $3,611,111 to $1,111,111 per season over the next six years. The Rangers save $2,888,889 the first season and $1,888,889 in each of the following two seasons. Since Girardi’s contract would have expired after the 2019-20 season, his buyout cap hit will outright cost the Rangers $1,111,111 a season for the final three seasons.
With the #Rangers announcing they'll buyout d-man Dan Girardi, here's how it will break down against NY's cap over the next six seasons. pic.twitter.com/gCwCedSTKW— CapFriendly (@CapFriendly) June 14, 2017
According to Bob McKenzie’s report, Girardi is expected salary from Tampa Bay in addition to the money earned from his buyout will likely exceed the $4 million NHL salary he was due from the Rangers prior to his buyout.
Girardi was scheduled to get $4M from NYR pre-buyout. NYR will pay him $1.1M buyout this season. Add expected $ from TB and he's likely $4M+— Bob McKenzie (@TSNBobMcKenzie) July 1, 2017
Girardi joins Anton Stralman and Andrej Sustr as the Lightnings’ right-handed defensemen. Jake Dotchin, the 23-year-old restricted free agent defenseman that spent last season between the NHL and AHL, is also right-handed.
By joining the Lightning, Girardi will be reunited with former Rangers’ teammates Ryan Callahan and Anton Stralman.
Update: According to Bob McKenzie, Girardi’s contract with the Lightning is expected to have a term of two years and cap hit of $3 million – which breaks down into an NHL salary of $3.25 million in the first year, $2.75 million in the second year.
Dan Girardi's expected terms in TB: 2 x $3M— Bob McKenzie (@TSNBobMcKenzie) July 1, 2017