It's a big next couple of days for NHL teams. 

A handful of young prospects rights will be expiring on June 1 if they aren't signed to an entry level contract. 

The New York Rangers have made a pretty significant decision regarding one of their own prospects. 

While he doesn't fall under the June 1 rule, it was still a pretty shocking announcement. 

NHL insider Elliotte Friedman reports that the Rangers have placed defenseman Sean Day on unconditional waivers. 

Day was a very highly touted defensive prospect who was given "exceptional status" so he could play in the OHL as a 15 year old. 

The youngster didn't dominate the OHL but still put up some respectable numbers as a defenseman and was drafted in the third round of the 2016 NHL Draft by the Rangers. 

He's bounced around the AHL and ECHL over the last two seasons since turning pro and has one year left on his entry level contract which is about to be bought out. 

He could be an interesting reclamation project for a team willing to roll the dice.

Source: Elliotte Friedman