The New York Rangers have informed the National Hockey League that they will transfer the No. 12 overall selection in Friday’s 2025 draft to the Pittsburgh Penguins, completing the conditions of last season’s trade for forward J.T. Miller. By relinquishing this year’s first-round pick, general manager Chris Drury preserves the club’s 2026 first-rounder, which the front office views as a more versatile asset for possible offer sheets or trade-deadline moves. In a separate negotiation, the Rangers and the Carolina Hurricanes are close to a deal that would send restricted-free-agent defenseman K’Andre Miller to Raleigh. Sources familiar with the talks say Carolina is simultaneously working on a contract extension for the 24-year-old, while New York seeks a package highlighted by draft picks—likely including one of the Hurricanes’ two first-round selections in 2026. Final terms had not been filed with the league as of early Tuesday evening.