In addition, they hired first-time NHL coach David Quinn out of Boston University, where he coached the previous five seasons, to replace Alain Vigneault, who in five seasons vaulted to third in Rangers history with 226 wins.
Richter called all the changes "courageous" and credited the Rangers for owning their rebuild this offseason by generally steering clear of the trade and free-agent markets.
He also indicated the process would feel different if the Rangers were starting from scratch, but they have plenty of veterans returning, including 36-year-old goalie Henrik Lundqvist, who is eighth all-time in the NHL with 413 wins and could be as high as fifth all-time by the end of the season.
"They have one of the best goalies in the world and they have what I think is a great infrastructure and the capacity to build well, but I think it's very difficult in this league with 31 teams to keep going," Richter said. "They felt their window closed with the veterans they had and they had to start anew, but if you do it piecemeal it'll be more of the same for a decade. It's a young league and getting good young talent, and it's got to be good young talent, that plays the system can be a phenomenal thing."
Graves, a special adviser to the Rangers' hockey and business operations departments, likened what the Rangers are doing now to what they did coming out of the lockout 13 years ago, when Lundqvist was a rookie.
The Rangers began one of the most successful stretches in their history by building around Lundqvist and many prospects they either drafted, acquired in trades or signed.
Many of them became key members of the Rangers' core, including McDonagh (trade in 2009), Stepan (No. 51 pick in 2008), Dan Girardi (signed in 2006), Marc Staal (No. 12 pick in 2005), Chris Kreider (No. 19 pick in 2009) and Mats Zuccarello (signed in 2010).