
Please note that the "contract" amount listed beside each player takes into account cap hit, not salary. Naturally, many teams will call up minor league players to fill out their rosters.
New York Rangers
Current cap for 2009-10: $46 million
Current starters under contract: 6 forwards, 4 defensemen and 1 goalie (11 players)
Best contracts: Marc Staal (sub-million through 09-10); Sean Avery ($1.9 million through 11-12)
Worst contracts: Scott Gomez ($7.35 million through 13-14); Chris Drury ($7 million through 11-12); Wade Redden ($6.5 million through 13-14); Michal Rosival ($5 million through 11-12)
Superstar contract: Henrik Lundqvist ($6.88 million through 13-14)

NYR fans might wonder that when they look at their team's future. At that point, the Rangers may finally be out of the wilderness of horrifying contracts. Or at least, let's hope so, because it might get a little miserable to be a fan of the Blueshirts during the next few years.
Honestly, though, we should not ridicule Glen Sather for his work. He's an artist. He is the Jackson Pollock of bad contracts.
(It's pretty mind blowing that Sather and Isiah Thomas probably passed each other in the halls of Madison Square Garden many times. Truly, those two are brothers.)

The best semi-long term contract is only a steal because the Dallas Stars are paying half of Sean Avery's salary. It would be sad, but slightly funny, if the Rangers were unable to keep their best young player Marc Staal simply because of the cap mistakes they keep making. Just an abomination of a cap situation.
Isn't it amazing that Sather was able to do it again? And with record speed, too. Sports just wouldn't be fun anymore without the Sathers of the world.
Except when he is constructing your team, of course.