Nick Holden could be on his way out of the Big Apple.

Larry Brooks of the New York Post reports the Rangers are expected to try to trade the defenceman in order to add another centre to their roster.

With Mika Zibanejad signing a five-year, $26.75 million contract on Tuesday, the Rangers are left with under $500,000 in projected cap space for the start of the season, according to Brooks, and trading Holden would free $1.65 million.

Including off-season KHL addition Alexei Bereglazov, the Rangers have eight defencemen on their roster for next season and only three true centres; Zibanejad, Kevin Hayes and David Desharnais. J.T. Miller also saw time at both centre and right wing last season.