NY Rangers Breaking News: Ryan Callahan re-signs

According to multiple reports, the New York Rangers have re-signed 26-year-old winger, Ryan Callahan to a three-year contract.

Callahan was scheduled to enter salary-arbitration with the Rangers tomorrow, but that has been avoided.

Last season, Callahan scored 23 goals and 48 points in only 60 games.

One report suggests that the contract is a three-year deal worth $13million.

UPDATE: USA Today is reporting that Callahan will receive $4million for the first two years, followed by one-year of $4.85million. His salary-cap hit is $4.283million, leaving the Rangers with just over $1.3million in space.