Alexis Lafrenière is one of the best players on the New York Rangers and, in many ways, a franchise player. The 23-year-old is now in his fifth season with the Rangers and has amassed 79 goals and 76 assists for a total of 155 points in 305 games.
After rumors and reports about a possible extension with the club, Alexis Lafrenière reportedly put pen to paper and signed a seven-year deal with the Rangers according to multiple sources. Lafrenière is currently on a $2,650,000 annual salary for 2024, but that will change considerably going forward.
Lafrenière would be transitioning from an average annual value of $2.33 million to $7.45 million. In total, his deal amounts to $52.15 million across the seven years.
How Will Alexis Lafrenière’s Reported New Deal Be Distributed via the Salary Cap?
According to Olivier Fortier, Alexis Lafrenière’s new contract will be distributed in the following manner to avoid a major cap hit for the Rangers:
Year 1: $2M Base & $8M Signing Bonus
Year 2: $5.5M & $2M SB
Year 3: $8.5M & $1M SB
Year 4: $7.15M
Year 5-7: $6M
Alexis Lafrenière would join a club of young players who have signed similar long-term deals, including Matt Boldy (7 years, $7 million), Matty Beniers (7 years, $7.14 million), Seth Jarvis (8 years, $7.42 million), Cole Caufield (8 years, $7.85 million), and Lucas Raymond (8 years, $8.075 million).
With Alexis Lafrenière now out of the way, reportedly, the Rangers can turn their attention to goalie Igor Shesterkin, who has already turned down a similar deal with the team.