Alexis Lafrenière and the New York Rangers have agreed to a seven-year, $52.15 million extension, per USA Today's Vince Z. Mercogliano.

The reported deal will keep the No. 1 pick of the 2020 NHL draft in New York through his age-30 season in 2031-32.

Lafrenière was previously set to become a restricted free agent following the July expiration of his two-year bridge deal.

The 23-year-old winger recorded a career-high 28 goals and 57 points in 82 games for the Rangers last season.

Lafrenière then added eight goals and 14 points in 16 playoff games to help the Rangers reach the Eastern Conference Finals.

His contract is front-loaded with bonuses and includes an eight-team no-trade list for the final five years of the deal, according to PuckPedia.

At the time Lafrenière inked a two-year, $2.325 AAV extension with the Rangers last summer, he was playing third-line minutes on New York's "kid line" alongside Kaapo Kakko and Filip Chytil.

Two years later, the Rangers' usage of Lafrenière has skyrocketed. The former No. 1 pick started the 2024-25 season opposite Artemi Panarin on Vincent Trocheck's wing. Getting top-line minutes and playing a key role on the second power-play unit now has Lafrenière skating almost 18 minutes per night and producing at a point-per-game pace through seven contests.

Signing Lafrenière in the early stages of the 2024-25 campaign allows the Rangers to get ahead of the possibility that his contract value could climb even further. Should he record another career-best season, Lafrenière could have potentially commanded something closer to fellow 2020 draft pick Tim Stützle's eight-year, $8.35 million AAV deal with the Ottawa Senators.

The contract also gives the Rangers some clarity as to what their future salary cap will look like. Before the Lafrenière signing only Trocheck, Mika Zibanejad and Adam Fox were signed with the team past 2028.

The Rangers are still left with uncertainty regarding the future of star goaltender Igor Shesterkin, who reportedly turned down an eight-year, $88 million offer from the team this offseason and is set to become an unrestricted free agent in 2025.