The Rangers have confirmed a report that they are seeking compensation for the loss of Alexei Cherepanov, the first round draft pick from 2007 who died last month in Russia.
Citing what might be described as a loophole in the CBA, in which teams can be compensated for unsigned draft picks, the Rangers first raised the issue at the general manager’s meeting two weeks ago in Chicago.
According to Larry Brooks, who “first had the story”:http://www.nypost.com/seven/11062008/sports/rangers/rangers_seek_pick_for_late_prospect_137397.htm, the Rangers would seek a second round pick in the 2009 draft.
Update, 10:08 p.m.: Here’s Cameron Hope, the Rangers assistant GM, with his e-mail response to me:
“In our opinion the CBA provision does provide a protection that extends to cover certain eventualities, including tragedies like what occured with Cherepanov, both in a reasonable reading of the CBA provision and certainly in the spirit of the provision.
We know that it’s new ground for the League, this terrible circumstance (not the usual way that a Club loses the rights to a pick), but once it is considered and we work through any concerns, we think we have good arguments for our position on this.”