That is how much pro-rated cap space they have left for the remainder of this year. Next year when raises and such go into effect, is a whole different situation.
For this year if these 3 things happen, the Rangers can play with any team IMO:
1. Add a middle 6 forward
2. Add a vet LD
3. Get Kakko back healthy
If those 3 things happen, with Igor in goal, and the team they currently have in place, I think the Rangers can absolutely threaten to win a Cup.
Drury needs to get it done. We have a golden opp right now before all these raises. We have plenty of picks and prospects from which to trade. And we don't need to add studs either. Good solid middle 6 forward, and a 2nd pair type LD. He needs to close the deal.