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Henrik Lundqvist and Rangers Agree to 7-Year Extension

NEW YORK, NY - NOVEMBER 2:  Henrik Lundqvist
Scott Levy/Getty Images
Mike ChiariFeatured ColumnistDecember 4, 2013

Despite the fact that he is suffering through an uncharacteristically tough season, goaltender Henrik Lundqvist is in line to remain a New York Ranger for a long time as he has agreed to a seven-year contract extension, according to the team's official Twitter feed:

Official News: the #NYR Have agreed to terms on a contract extension with @HLundqvist30 #KingOfNY

— New York Rangers (@NYRangers) December 4, 2013

TSN's Darren Dreger first reported the news.

7 years, $8.5 per is believed to Lundqvist's extension agreement.

— Darren Dreger (@DarrenDreger) December 4, 2013

Lundqvist commented on the deal via the Rangers' Twitter account:

"It was never an option for me to leave this club." - @HLundqvist30 #NYR #KingOfNY

— New York Rangers (@NYRangers) December 4, 2013

"To picture myself anywhere else was just wrong..in my heart it was never an option..it was simple what needed to happen"- @HLundqvist30

— New York Rangers (@NYRangers) December 4, 2013

Mike Brehm of USA Today provides contract details:

Henrik Lundqvist contract breakdown: $11 million, $10 million, $9.5 million, $9 million, $7.5 million, $7 million and $5.5 million.

— Mike Brehm (@ByMikeBrehm) December 4, 2013

The Swedish goaltender is currently 31 years of age, which means he will be 38 once the contract expires assuming he sees it through until the end.

Lundqvist has been one of the NHL's best and most consistent goalies since the 2004-05 lockout, and the Rangers have decided to reward him.

King Henrik's accomplishments are many as he is a three-time All-Star and a former Vezina Trophy winner. He has been named the Rangers' MVP every season since 2007, and he already holds the team's all-time shutouts record with 55 (playoffs included).

However, Lundqvist is on pace to have the worst season of his successful NHL career. He has never had a losing record, but he is currently just 8-11. Also, his 2.51 goals-against average is a career worst, and his .917 save percentage is one of his worst marks of his career as well.

The Rangers have experienced an up-and-down season, but they are currently clinging to the No. 8 seed in the Eastern Conference with a record of 14-14.

According to BusinessInsider.com, Nashville Predators netminder Pekka Rinne is currently the highest-paid goalie in the league at $7 million per season, but Lundqvist is poised to blow him out of the water in that regard.

Past performance suggests that Lundqvist is deserving of this contract, but if his recent drop in play is a trend rather than an outlier, the Blueshirts could come to regret this deal a couple of years down the line.

 

Follow @MikeChiari on Twitter

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