The New York Rangers are reportedly in advanced negotiations to secure Mike Sullivan as their next head coach, a move that follows his departure from the Pittsburgh Penguins after a decade-long tenure. This potential contract could set a new benchmark in coaching salaries within the NHL.

Sullivan, known for leading the Penguins to consecutive Stanley Cup victories in 2016 and 2017, is expected to replace Peter Laviolette, who was dismissed after the Rangers missed the playoffs this year. The Rangers are looking to revitalize their coaching staff, as David Quinn, Sullivan's former assistant in Pittsburgh, may also be in the mix for other head coaching roles.