The New York Rangers have broke the bank in order to make sure Ryan McDonagh's future remains with them, having agreed to a six-year deal worth up to $28.2m to make him their highest paid player on the blue line.
Rangers general manager Glen Sather took a big risk by not signing McDonagh up sooner, leaving him vulnerable to offers from elsewhere during the free agency window.
But they have locked up the 24-year-old just in time, avoiding the possibility of losing him or having to match an offer from another team that could have been even more expensive than the contact they offered him.
McDonagh, 24, is expected to make around $4.7m per year under his new deal.
Last season he managed to score four goals and assist 15 in the 47 games he played which led the Rangers to break their policy on offering large contracts.
Having only made his NHL debut in January 2011, McDonagh was expected to be offered a two-year 'bridge' contract as he had just finished his rookie deal.
On this occasion however, the Blueshirts made an exception in order to secure that he won't be tempted away anytime soon.
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