NHL trade rumors: Ryan Callahan, Rangers expected to speak again this week

Adam Hunger-USA TODAY Sports

The New York Rangers are expected to continue contract negotiations with captain Ryan Callahan this week.

The on-going saga between the New York Rangers and captain Ryan Callahan remains as such, but the two sides are still engaging in discussions about a long-term contract extension.

It emerged last week that the Rangers were fielding offers from opposing teams and had even granted a club permission to speak directly with Callahan's agent, Steve Bartlett. However, Bartlett told Katie Strang of ESPN New York that he plans to circle back to the Rangers sometime this week in an attempt to bridge the gap on negotiations. According to reports, Callahan is seeking a seven-year, $42 million extension, while the Rangers have tabled a five-year, $30 million offer.

Considering the caliber of player, many were surprised to see his Callahan's name surface as a potential trade candidate. Some inside reporters made it sound as though Callahan was going to be traded, while others made it sound as though the Rangers were attempting to bluff their captain to lower his asking price. It remains unclear what is the case, but if the figures are accurate than the two sides agree on annual compensation but not term. This could be a manageable bridge to cross if both sides are mutually interested in continuing a working relationship.

Of course, a few wrinkles remain in this situation, namely the Olympic roster freeze on Friday. Manager Glen Sather reportedly wants Callahan's situation resolved by Friday, regardless of whether he stays or goes. Callahan is going to play for Team USA at the Sochi Olympics and Sather doesn't want to lose an asset to injury.

The St. Louis Blues were identified as a front-runner for Callahan, with forward Chris Stewart mentioned as a player of interest for the Rangers. The media talk around Callahan has cooled since the initial report surfaced last week.

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