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The New York Rangers made an unexpected announcement on Thursday, June 13, that they had extended the contract of restricted free agent Kaapo Kakko for another year, finalizing a one-year contract worth $2.4 million.
This agreement matches Kakko’s qualifying offer and ensures that the Finnish winger will open the 2024-25 season with the Rangers. Kakko will re-enter restricted free agency on July 1, 2025.
The $2.4 million contract provides cost certainty for the Rangers or any potential trade partners. This figure is slightly below Evolving-Hockey’s projection of $2.8 million AAV for a two-year deal. General manager Chris Drury compared Kakko’s situation to Alexis Lafreniere’s last year, expressing optimism for Kakko’s development.
The Rangers drafted Kakko with the No. 2 pick in the 2019 draft. Since then, he’s experienced an up-and-down career in Manhattan.
Kakko managed 13 goals and 6 assists in 61 regular-season games in 2024. His postseason contributions were minimal, with only 1 goal and 1 assist in 15 games in the playoffs.
The lowest of Kakko’s lows came in the Eastern Conference finals, when he was a healthy scratch in Game 2 of the series against the Florida Panthers. He’d been scratched in Game 2 of the conference finals (against the Tampa Bay Lightning) in 2022.
Kakko has amassed 117 points (57 goals, 60 assists) over 300 career NHL games. Despite a dip in production in 2024, Kakko showcased his upside in the 2022-23 campaign, scoring 40 points and appearing in all 82 regular-season games.