Malone signed a one-year, two-way contract with the Rangers on Thursday, Larry Brooks of the New York Post reports. The deal is worth $700,000 at the NHL level. Malone could only secure a minimal commitment from the Rangers after an Apr. 12 arrest for DUI and cocaine possession understandably resulted in a cool market for the veteran winger. Even prior to the arrest, Malone's career was on shaky ground, as his annual injury issues and declining on-ice production had relegated the one-time 50-point scorer to checking line status. He'll be one of a slew of players competing for a fourth-line role with the Rangers in training camp, with his two-way contract likely working against him.