Rykov will not receive a qualifying offer from the Rangers on Monday and will be an unrestricted free agent, Larry Brooks of The New York Post reports.
Rykov spent the 2020-21 campaign playing in the KHL for CSKA Moscow in which he garnered nine assists in 49 contests. Selected by the Devils in the fifth round of the 2016 NHL Draft, it seems unlikely the 24-year-old blueliner will ever become an NHL player at this point and figures to close out his career in the KHL.
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Rangers' Yegor Rykov: Signs with KHL club
Rotowire
Rykov signed with HC CSKA Moscow of the KHL in early August, The Athletic's Rick Carpiniello reports.
Rykov suffered an ankle injury during last September's training camp which ruined his chances of establishing a role with the big club in 2019-20. He did ultimately get healthy in early December, at which point he was loaned to AHL Hartford, where he posted 11 points in 27 games. The Rangers still own the 23-year-old blueliner's rights, but at this point his NHL future is looking iffy at best.
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Rangers' Yegor Rykov: Activated off IR-NR
Rotowire
New York activated Rykov (undisclosed) off non-roster injured reserve and assigned him to AHL Hartford on Wednesday.
Rykov has been sidelined since he suffered an undisclosed injury during training camp, which is the only reason he's remained with the big club this long. The 22-year-old blueliner will need time to adjust to the smaller North American ice surface after spending the last six seasons playing in Russia, so it's safe to assume he won't have a significant role with the Rangers this year.
