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Ryan Callahan, Rangers have deal

Updated: July 27, 2011, 5:59 PM ET
By Matt Ehalt | Special to ESPNNewYork.com

The New York Rangers and restricted free-agent forward Ryan Callahan have agreed on a new contract, thereby avoiding arbitration, the team announced Wednesday.

Callahan's agent, Stephen Bartlett, said deal is for three years and $12.825 million. The deal will pay Callahan $4 million in each of the first two years and $4.825 million in the final year, a source told ESPN.com's Scott Burnside.

The Rangers have locked up all four of their restricted free agents who had filed ...

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