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Source: Alexis Lafrenière, Rangers agree on 7-year extension

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Alexis Lafreniere and the New York Rangers have agreed on a 7-year contract extension for the first overall pick in the 2020 NHL Draft, a source confirmed to ESPN.

The new contract for Lafrenière, 23, will carry a $7.45 million average annual value (AAV) and runs through the 2031-32 season. After three NHL seasons that didn't live up to Lafrenière's lofty draft position, last season was a breakout for the Quebec-born left wing.

Lafrenière had 28 goals and 29 assists (57 points) in 82 games.