Ryan Callahan RW TB 2 Months

Ryan Callahan was utilized as a key scout for the Tampa Bay Lightning during the free agent process.

The Bolts signed his former New York Rangers teammates Brian Boyle and Anton Stralman on the first day of free agency. GM Steve Yzerman said Callahan was a "wealth of information" for the team. Callahan was eligible to become an unrestricted free agent as well, but he re-upped with the Lightning on a six-year, $34.8 million pact last week.

Ryan Callahan RW TB 2 Months

Because Ryan Callahan re-signed with Tampa Bay, the Lightning will give the Rangers their 2015 second-round pick to complete the Martin St. Louis trade.

The Rangers will also give the Lightning their 2015 seventh-round pick. The Rangers also owe the Lightning their first round picks in 2014 and 2015, in part because they reached Eastern Conference Final, which upgraded the 2014 selection from a second to first round pick.

Ryan Callahan RW TB 2 Months

Ryan Callahan has agreed to a six-year, $34.8 million contract with the Tampa Bay Lightning.

Tampa Bay got Callahan as part of the Martin St. Louis deal. Callahan is the type of player that's more valuable to his team than he is to most fantasy squads. In a good season he'll get you 40-50 points, but his true value comes in what he brings to the locker room and the physical nature of his game. If you're in a league that uses hits and blocked shots than he's usually worth a look, but he'll be more-or-less a non-factor in standard leagues in 2014-15.

Ryan Callahan RW TB 2 Months

The Tampa Bay Lightning are reportedly on the verge of locking up Ryan Callahan.

Callahan is expected to get a five or six year deal worth more than $5.5 million annually. The Lightning will partially offset the short-term impact by buying out the final season of Ryan Malone's seven-year, $31.5 million contract.

Ryan Callahan RW TB 2 Months

Negotiations between the Lightning and Ryan Callahan have reached a "critical stage," according to agent Steve Bartlett.

The two sides don't appear to be close to agreeing to an extension, but Bartlett says there has been some progress. He added that there's still work to do in order to the close the gap. Even if Callahan remains unsigned on July 1, it's possible that he could end up staying in Tampa Bay.

Ryan Callahan RW TB 2 Months

Lightning general manager Steve Yzerman said there's been "really good discussions" with Ryan Callahan's camp.

Callahan's two-way game fit well under coach John Cooper, and the winger said he enjoyed his time in Tampa Bay. He becomes an unrestricted free agent July 1. "We still have some time," Yzerman said. "We'd really like to keep Ryan in the organization, and we're going to continue to work. I'd like to get a deal done before he reaches free agency." Callahan earned $4.825 million last season, so it will be interesting to see how much Yzerman is willing to give the 29-year-old who recorded 36 points, 17 of which were goals.

Ryan Callahan RW TB 2 Months

It's looking more likely that Ryan Callahan will test the free agent market on July 1.

He's still talking to the Lightning about staying in Tampa Bay, but he can start talking to other teams next Wednesday before free agency begins. Callahan recorded 17 goals and 36 points in 65 games with New York and Tampa in 2013-14.

Ryan Callahan RW TB 3 Months

The contract negotiations between Ryan Callahan and the Tampa Bay Lightning are ongoing.

The talks have reportedly been positive, but the two sides aren't close to agreeing to terms. Callahan reportedly wanted a contract in the range of six-year, $39 million from the Rangers before they traded him and if he's making similar demands on the Lightning then that might prevent them from getting anything done.

Ryan Callahan RW TB 4 Months

The Tampa Bay Lightning made a "good case" to keep Ryan Callahan, according to agent Steven Bartlett, but he may decide to test free agency to see what other offers are out there.

"There's no question he did enjoy it," Bartlett said. "He was impressed by the organization and everybody, from the city and the fans, everything was positive. I think the city made a good case for itself, the team made a good case. There's always the temptation of July 1st. You don't get that many times in your career, especially at the peak of your career. Those are what you have to balance, the positive and all the good things he knows about Tampa, and what is his right, you have the opportunity to at least hear other people. That doesn't mean Tampa wouldn't be his first choice." The two sides haven't engaged in serious contract talks yet, but they can discuss a new deal exclusively until July 1. Bartlett believes Callahan will draw interest from plenty of teams if he goes on the open market.

Ryan Callahan RW TB 4 Months

Ryan Callahan's agent, Stephen Bartlett, said Tampa Bay will be "in the mix" for his client's services this summer.

"He has a great respect for the organization," Bartlett said. "We look forward to hearing what they have to say." Callahan is "open" to returning to the Lightning, but it sounds like he may test the market to see what's out there.