1:37 p.m.: Lafrenière’s deal has a front-loaded structure that includes an $8MM signing bonus when the deal goes into effect next season, Renaud Lavoie of TVA Sports reports. He’ll have a no-movement and a modified no-trade clause go into effect when he’s eligible for it beginning in 2027-28, he adds. PuckPedia has the full breakdown of the deal, adding it’s an eight-team no-trade list for the modified NTC:
2025-26: $2MM base salary, $8MM signing bonus
2026-27: $5.5MM base, $2MM SB
2027-28: $8.5MM base, $1MM SB
2028-29: $7.15MM base
2029-30: $6MM base
2030-31: $6MM base
2031-32: $6MM base
12:42 p.m.: The deal will come in at an actual AAV of $7.45MM, per PuckPedia. That’s a total value of $52.15MM.
11:54 a.m.: The Rangers are closing in on a seven-year extension with winger Alexis Lafrenière worth just under $7.6MM per season, sources tell Larry Brooks of the New York Post. Sportsnet’s Elliotte Friedman said earlier Friday that talks between the Rangers and the pending RFA had “intensified.”
That means the deal’s total value will be in the $50-53MM range. It’s a contract that would have been inconceivable for the 2020 first-overall pick less than two years ago, a clear demonstration of how much he’s improved since the beginning of last season.
Trade rumors swirled around Lafrenière after his third season in New York. During that time, he’d failed to average over half a point per game at any stage – not an acceptable performance from a first-overall forward, even that early into their career. However, a coaching change brought Peter Laviolette behind the Rangers bench, who got Lafrenière more ice time by shifting him to right-wing after years of sticking on his natural left side.
In essence, he’s been stapled on a line with Artemi Panarin and Vincent Trocheck, a pair with which he’s developed undeniable chemistry. Lafrenière played all 82 games in 2022-23, recording a career-high 28 goals and 29 assists for 57 points while averaging over 17 minutes per night. The trio formed the Rangers’ best two-way line last season that suited up together on a regular basis, controlling 55.6% of expected goals, per MoneyPuck.
The playoffs saw Lafrenière up his per-game production even further. While the President’s Trophy winners were bounced in the Eastern Conference Final by the eventual champion Panthers, Lafrenière tied Trocheck and Chris Kreider for the team lead in goals with eight and added six assists for 14 points in 16 games. He’s carried that momentum into 2024-25, lighting the lamp four times and adding three assists for seven points in seven games, still skating with Panarin and Trocheck and averaging nearly 18 minutes per game.
Lafrenière has now converted that production into a long-term commitment from the Blueshirts, who lock him up at an extremely affordable price through the 2031-32 campaign if he keeps up his recent offensive output. His deal will go into effect next season, keeping him from reaching restricted free agency for the second time in his career. The forward inked a two-year bridge deal worth a total of $4.65MM in August 2023, far less than what he’ll be making in a single season on his new contract.
He’ll be 30 when the deal expires – he turned 23 earlier this month. That allows him to cash in again on a long-term deal while being UFA eligible, although likely not as much as he could’ve garnered if he inked a five- or six-year extension with the Rangers. For New York, signing Lafrenière now likely provides a more affordable outcome than waiting until the end of the season, especially if he keeps up his point-per-game pace from the early going.
Image courtesy of USA Today Sports.