Rangers are Now On the Clock (UPDATED 3:03 PM EST)

The arbitrator has made his ruling on the Sean Avery case and has awarded him a one-year deal worth $1.9 million. It's not quite the $2.6 million that he wanted, but it's more than the $1.3 million that the Rangers were offering. The Rangers have 48 hours to decide whether or not to accept the deal and will most likely have to move around some salary in the near future if they choose to keep him. Teams can be 10% over the salary cap up until the first game of the season. At that point, if they are above the cap they forfeit the game.

UPDATE

The Rangers have accepted the ruling and signed Avery to the one-year deal. However, they will now most likely need to move some salary around to be under the cap. Could this be a sign and trade situation? I certainly hope so.