The draft pick, the 17th in the second round of the 2009 Entry Draft, was awarded at this week's General Manager's meetings in Naples, Fla. Rangers GM Glen Sather made a presentation at the meetings requesting a compensatory selection.
The Rangers selected Cherepanov with the 17th pick of the 2007 Entry Draft. He had been playing in Russia's Continental Hockey League when he suffered heart failure and collapsed on the bench during an Oct. 13 game. Efforts to revive him were unsuccessful. He was only 19.
I'm very excited about what happened today. We've worked on this deal with Toronto for a month, or over a month. It got a little bit of legs on draft day, but it really heated up last night, and we were able to complete the deal today.
— Penguins GM Jim Rutherford on Phil Kessel, who he acquired from the Maple Leafs in a trade on Wednesday