On the morning they were scheduled for an arbitration hearing, the Rangers and Stepan on Monday agreed to terms on a six-year contract. Financial terms were not released, but the Daily News reported it to be worth $39 million, an average annual value of $6.5 million.
"It's a great feeling," Stepan said. "I can't be more excited to be a part of a team that I absolutely love. I love the city of New York, I'm grateful for the fans, grateful for the management there. Me and my wife are extremely happy to be there for the next six years."