UPDATE, 1:10 p.m.: Moments after I posted that last part, the Rangers made it official by signing Avery. “We are pleased to have Sean under contract and are looking forward to him returning with the same passion and enthusiasm he brought to our team last year,” stated Glen Sather. “He is a terrific competitor, who we expect to play a significant role in a successful season.”
UPDATE, 1:07 p.m.: The Rangers say they intend to accept the award. Avery will remain a Ranger.
This is only what the arbitrator awarded. The Rangers still have 48 hours to accept. If they decline, Avery goes on the open market as an unrestricted free agent.