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…