An excerpt from The New York Post (Larry Brook):

No one, least of all Glen Sather, knows what the Rangers New York Rangers would do if Mats Sundin unexpectedly declares his interest in playing this season on Broadway rather than in Vancouver, where the Canucks have a two-year, $20M offer on the table; or in Toronto, where the Maple Leafs unfathomably have a one-year, $7M offer out; or in Montreal, where the Canadiens have been holding a uniform for No. 13 since February.

It would be as difficult to reject Sundin as it would be to conjure the strategy to fit him under the team cap, and no, there is not a shred of truth to reports of the Blueshirts working on a massive salary-dump in order to clear space for him.