It’s wasn’t a typical Wednesday morning for the New York Rangers organization. The management staff reported that the team has re-signed goaltender Henrik Lundqvist to a seven year extension.

The deal is worth $59.5 million, which means the 31-year-old goaltender earns $8.5 million per season.

Lundqvist was in the final year of his previous six year deal with the Rangers. However, this new deal certainly locks up the Swedish goaltender, and also makes Lundqvist the highest paid goaltender in the National Hockey League.

This is also the biggest re-signing for the New York Rangers so far this season. Obviously, it’s great that the Rangers were able to work out a deal with their starting goaltender.

However, I believe the price tag to be far too high. And I still don’t understand how the Rangers were able to find the cap space for such a deal. At any rate, the deal is done now, and Henrik Lundqvist has a whole new reason to call himself “the King.”

I’m glad Lundqvist has decided to stay with the New York Rangers. After all, he’s been with the Rangers organization since 2000, and does have a very impressive resume. Throughout his 531 career regular season games, Lundqvist has accumulated 55 shutouts, and has a 284-182-57 record. He won the Vezina trophy in 2012 and helped Sweden win gold in the 2006 Olympics.

Lundqvist is certainly a fan favorite in New York and certainly has made a positive impact on the team over the years. In the end, I think it would be way too weird for him to go somewhere else. The King belongs in New York, and he's made it clear that he’s going to continue his reign with this new deal.

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