New York Rangers Sign Alexis Lafrenière to Three-Year Entry-Level Contract

The New York Rangers have officially signed No. 1 overall pick Alexis Lafrenière to a three-year entry-level contract.

The deal comes with full bonuses, as has been customary for No. 1 overall draft picks.

His jersey number will be No. 13.

With Lafrenière now under contract officially, the Rangers have $18,804,367 in on paper cap space. But when it comes to bonus threshold for players, the Rangers are already projected to be over the 7.5% allowed ($6,112,500 of an $81.5 million cap) and anything over that amount is held against the salary cap to start the season which could be as much as $4.8 million.

This means the team’s working cap space is actually about $14 million, although some bonus money can get deducted from the threshold as certain conditions become impossible to meet.

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Ryan Strome, Tony DeAngelo, Alexandar Georgiev, Phil Di Giuseppe and Brendan Lemieux are the Rangers’ outstanding free agents, with all but PDG having filed for salary arbitration.

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