The Rangers and Ducks are working on a trade to send Chris Kreider to Anaheim, sources confirmed to ESPN on Wednesday.
The deal is in advanced stages and involves the Rangers receiving a prospect and a draft pick, sources said, while the Ducks would take on the final two years of Kreider's contract, which pays him $6.5 million annually. That would create cap flexibility for the Rangers heading into free agency on July 1.
The deal could be done as soon as Wednesday but requires Kreider to waive his trade protection, sources said.