The New York Rangers made a substantial financial commitment, giving defenseman Vladislav Gavrikov a seven-year, $49 million contract.

There was widespread belief that the New York Rangers would sign Vladislav Gavrikov, but the contract looks like a steal.

The New York Rangers have signed 29-year-old defenseman Vladislav Gavrikov to a seven-year contract with a $7 million annual cap hit. The top defenseman available is now off the board and heads to Broadway.