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

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.

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