Report: Arbitrator rules Rangers still owe Holik, Ortmeyer

Updated: May 28, 2008, 8:07 PM ET
ESPN.com news services

Two former Rangers are still on the New York payroll.

The Rangers will have to pay forward Bobby Holik, currently with the Atlanta Thrashers, $3.5 million over a contract dispute in 2004-05, according to a report on TSN of Canada's Web site.

The Rangers had argued that Holik needed to play to earn his signing bonus after the lockout that canceled the 2004-05 season, but an arbitrator disagreed and ruled in favor of Holik, according to the report.

New York must also pay an undisclosed amount to former Raners forward Jed Ortmeyer, currently with the Nashville Predators, TSN reported.

The Rangers signed Holik to a five-year, $45 million deal before the 2002-03 season, after he left the New Jersey Devils as a free agent, but they bought out the remaining two years of his deal in 2005. He would have earned $6.726 million in 2005-06.