Rangers can't do anything to the Olympics.
The NHL teams agreed to allow their players to compete in the Olympics.
Besides, I think the NHL is the ones on the bad end of that contract they signed with the IIHF back in 1996 to allow NHL players to compete. The NHL has already handicapped teams that have to go through the preliminaries, by not releasing players to compete. As a result, these teams have to make decisions about their Olympic rosters, because if they want to field NHL players, they have to recognize that these players will not be available for the preliminary rounds.
In July 2005, the NHL, NHLPA, and IIHF agreed to continue the arrangement, allowing players to compete in the Olympics. If the owners are too worried about their players getting hurt, they should never have agreed to it.
Some people are speculating that the NHL agreed to it because of the Salt Lake City arrangement in 2002. There wasn't as much owner grumbling then as there is now. Perhaps the main reason why they agreed again is because of Vancouver 2010. Perhaps not surprisingly, deputy NHL Commissioner has heavy reservations about whether or not the NHL involvement in the Olympics will continue past 2010.
Much like most contracts, I feel that if the NHL agrees to allow players to compete, they should be held accountable.
Funny to see Volourn defending the owners though, who "treat the players like slaves and commodities," when it's clear the player can choose not to go if he does not want to.