Several media members reported earlier today that McCabe could be on the move and joining the New York Rangers as early as today.
Nick Kypreos of Sportsnet reported on Twitter that McCabe was willing to waive his no-trade clause and he could be traded to the Rangers today. Arthur Staple of Newsday writes it is believed that McCabe will only waive his no-trade clause to move to the Rangers.
McCabe is in the final year of a five-year, $28.75 million contract. He is set to make $4.15 million this season but carries a cap hit of $5.75 million. McCabe has 5 goals and 22 points for the Panthers this season, but he also missed time with a broken jaw.
The Rangers have reportedly been seeking an offensive-minded veteran to help their young defense corps. Michal Rozsival was traded to Phoenix and Wade Redden has spent the season in the minors, leaving the Rangers with their top six defensemen are all 26 years old or younger. New York has plenty of cap room to make such a deal, and Larry Brooks of the New york Post reports the Rangers would need to move $3.5 million of acquisition space if they wanted to add McCabe and another rumored target, Dallas center Brad Richards.
This is McCabe's third season in Florida after being traded to the Panthers from Toronto in September 2008. He was one of the players interim Toronto GM Chuck Fletcher asked to their no-trade clauses at the 2008 deadline that declined to do so.