In a surprising move, the New York Rangers have placed utility forward Barclay Goodrow on waivers, signaling their need for cap space as their first major change of the offseason. The decision was driven by Goodrow's hefty $3,641,667 per year price tag, which didn't align with his contributions on the ice.

Although Goodrow proved to be a clutch performer during the playoffs, with a remarkable track record of two Stanley Cups with the Tampa Bay Lightning and two runs to the Eastern Conference Final with the Rangers, his six goals and two assists in 16 playoff games this season weren't enough to offset the financial limitations imposed by his contract.

With three years remaining on his six-year, $21.85 million deal, which includes a 15-team no-trade list, Goodrow is now more likely to be claimed by another team, completely freeing the Rangers from his cap charge. However, if he clears waivers, the Rangers have the option to either bury his contract in the minors, saving $1.15 million, or buy him out during the specified window that opens 48 hours after the Stanley Cup Final and runs until June 30.

Opting for a buyout would provide the Rangers with a cap credit of $247,222 in the first year. However, it would result in a dead-cap charge of $1,002,778 the following season, followed by a $3,502,778 hit in 2026-27. Additionally, there would be a lingering charge of $1.111 million over the subsequent three seasons.

By placing Goodrow on waivers, the Rangers have created much-needed cap flexibility, regardless of the outcome. This move represents a strategic decision by president and general manager Chris Drury, as the Rangers aim to navigate the offseason and make further adjustments to the team's roster.

It remains to be seen whether another team will claim Goodrow or if the Rangers will pursue alternative avenues to alleviate their cap burden. As the offseason progresses, fans and analysts will closely follow the developments surrounding the future of Barclay Goodrow and the New York Rangers.