Forward Chris Kreider and the New York Rangers agreed to a deal minutes before their scheduled arbitration hearing Friday morning.
Multiple reports say that Kreider will receive a four-year contract with an annual salary cap hit of $4.625 million.
Kreider, a restricted free agent, had been asking for $4.75 million for a one-year deal in arbitration, while the Rangers countered at $3.2 million. Instead, the sides were able to agree on a long-term contract.