5:50 p.m: Per a team announcement, the Rangers have made the five-year contract official.
5:13 p.m: According to Sportsnet’s Elliotte Friedman, the New York Rangers are closing in on a five-year, $20.5MM extension with defenseman William Borgen. He’s been a stable top-four defenseman for the Rangers since being acquired from the Seattle Kraken in mid-December.
It’s a significant increase over Borgen’s current $2.7 million salary. He was set to become an unrestricted free agent for the first time in his career on July 1, but he will sign on for another five years with the Rangers.
It’s also a major vote of confidence from the Rangers organization. Borgen is only 17 games into his tenure with New York after being the main piece acquired in the Kaapo Kakko trade with the Seattle Kraken.
After primarily serving in a bottom-pairing role with the Kraken through the beginning of the season, Borgen has been thrust into a top-four role with the Rangers. He’s scored one goal and two assists in 17 games averaging 18:35 of ice time per game. He’s continued being a physical defenseman in New York, racking up 30 hits and 29 blocked shots.
His peripherals are also solid, averaging a 48.2% CorsiFor% at even strength and an 89.8% on-ice save percentage in the same situation — higher than he ever produced in Seattle. Should he continue producing at the same level in New York, his $4.1MM salary could become a steal through the expected prime years of his career.
It’ll also give the Rangers more clarity regarding their blue line. Borgen gives them three right-handed defensemen signed through next season. Braden Schneider will become a restricted free agent next year but they’ll still have two years of team control.
Unfortunately, the same doesn’t hold for the left side of the defense. Every remaining blue liner on the active roster becomes a restricted free agent or unrestricted free agent at season’s end giving the Rangers plenty of remaining work.