He received the title of Honoured Master of Sports of the USSR in 1992 and was inducted into the Russian and Soviet Hockey Hall of Fame in 2016.

[1] Kasparaitis left Lithuanian SSR for Russian SFSR at age 14 after training with Aleksey Nikiforov to play ice hockey at a higher level.

Because the Lithuanian national ice hockey team was relatively weak and had not ever played in major competitions, Kasparaitis chose to represent Russia in official events.

At the start of the 2006–07 season, Kasparaitis was replaced as an alternate captain with the Rangers by newly acquired Brendan Shanahan.

[8] On November 3, 2007, the Rangers announced that Kasparaitis had been loaned to SKA St. Petersburg of the then-Russian Superleague (RSL), now the KHL.

The deal was made possible due to a lack of a transfer agreement between Russia and North America at the time.

[citation needed] Kasparaitis left an enduring impression with Ranger fans with the team salute that he created.

[10] Since his retirement he has attempted to become eligible to represent Lithuania internationally,[11] which he finally did in 2018, playing for the team in the World Ice Hockey Championships Division 1B.

In August 1991, he joined the Soviet Union senior team and played in two exhibition games against Sweden.

[citation needed] In the same year, Kasparaitis participated in the 1992 World Championships and the Russian national team finished in fifth place.

One such star was Pittsburgh Penguins captain Mario Lemieux; in Game 6 of the Patrick Division finals during the 1993 Stanley Cup playoffs, Kasparaitis was "in Lemieux's face" for much of the game, at one point giving him a glove to the face and eventually earning a 2-minute elbowing penalty.

[16] On June 19, 2010, Kasparaitis signed as the assistant coach for SKA Saint Petersburg of the Kontinental Hockey League (KHL).

[citation needed] In early 2015, Kasparaitis co-founded the Verzasca Group, a Florida-based real estate development company, of which he holds the title as president.

[18][19] The company is named after the Verzasca river in Switzerland, because of the "transparency that the firm strives to bring to both its investors and its development partners.