Ryan Callahan could be staying put on Broadway. D Day is fast approaching for Glen Sather. nydailynews.com

It looks like Ryan Callahan could be staying. According to TSN’s Bob McKenzie, Callahan and the Rangers are close to reaching agreement on a new deal. In the final year of a contract that pays him $4.275 million, he’ll turn 29 on March 21 and can become unrestricted this summer.

In an injury riddled campaign, Callahan has 11 goals and 14 assists for 25 points over 45 games. On a low scoring club, his 11 goals tie him with Benoit Pouliot for seventh. Rick Nash leads them with 19 followed by Brad Richards (16), Mats Zuccarello (15), Chris Kreider (14), Derick Brassard (13) and Carl Hagelin (12). Derek Stepan ranks ninth with 10 giving the Rangers scoring balance.

If Callahan re-signs, it’ll probably mean he finally came down to $6 million over six years. Both parties were able to agree on length but terms were still being worked out. As a staunch supporter of the Rangers captain, I understand the risks. If he signs on the dotted line, it will mean less wiggle room for Glen Sather to add pieces this summer. He must concentrate on signing key Group II’s Brassard, Kreider, Zuccarello and defenseman John Moore. Anton Stralman turns unrestricted July 1. Sather also faces a big decision on Richards, who can be amnestied.

With the cap expected to go up approximately seven million, it gives them more space. Brian Boyle, Dan Carcillo, Dominic Moore and Pouliot are unrestricted. Sather also faces a challenging following season with Marc Staal needing to be re-signed. Stepan and Hagelin will be due raises and Cam Talbot can become a free agent.

In other words, Slats has his work cut out. In between figuring out if Callahan stays or goes, he must upgrade the roster by adding a legit number one center plus more size up front and defensive depth. He might want to see what the Canucks want for Ryan Kesler. Being that Stepan is a John Tortorella favorite, perhaps there could be a match. Of course, that won’t get it done with Vancouver seeking a good prospect and high pick. The Rangers definitely need to upgrade at center.

Stay tuned for more hard hitting analysis as the trade deadline approaches. Follow me @newyorkpuck.