The New York Rangers are reportedly set to sign Igor Shesterkin to the largest goaltending contract in NHL history.

The Rangers and Shesterkin have agreed to an eight-year, $92 million deal worth $11.5 million per year, according to Sportsnet's Elliotte Friedman.

Shesterkin will be the first goaltender to earn more than $10.5 million per year. The reported extension eclipses the eight-year, $84 million deal Carey Price inked with the Montreal Canadiens in 2017.

The news caps off a busy Friday for the Rangers, who reportedly traded captain Jacob Trouba to the Anaheim Ducks hours earlier.

The Ducks took on the entirety of Trouba's $8 million cap hit for the next two seasons as part of the trade.

The Rangers, who received defenseman Urho Vaakanainen and his $1.1 million cap hit in return, cleared almost $7 million in cap space with the trade.

The additional room under the cap may have allowed the Rangers to up their offer from the eight-year, $88 million deal that Shesterkin reportedly rejected ahead of the 2024-25 season, according to ESPN's Kevin Weekes.

Shesterkin, who will turn 29 later this month, is in his sixth season with the Rangers and his fourth as the franchise's starting netminder.

Beginning with his 2021-22 Vezina Trophy campaign, Shesterkin has established himself as one of the best goaltenders in the NHL over the last three seasons. He has marked a .921 save percentage, 2.39 goals against average and 109-43-14 regular-season record over that span.

Those numbers have dipped amid the Rangers' struggles to start the 2024-25 campaign. Shesterkin has so far recorded a 3.05 GAA and .908 save percentage while claiming just eight wins in 18 starts.

His stats haven't been helped by the Rangers' defense, which ranks 31st in the NHL with 32.8 shots allowed through 24 games.

Shesterkin's deal is a vote of confidence that he can return to Vezina caliber numbers and backstop the team to Stanley Cup contention while playing behind a stronger defense.

The extension also means the Rangers have five players signed through the 2028-29 season with Mika Zibanejad, Vincent Trocheck, Alexis Lafrenière and Adam Fox joining Shesterkin as long-term locks in New York.