Rangers sign Stepan — six years, $39 million

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The New York Rangers have agreed to terms with forward Derek Stepan on a six-year, $39 million deal.

Today’s announcement came the morning the two sides were scheduled to go to arbitration.

Stepan had 16 goals and 39 assists in 68 games last season. The 25-year-old center now has the third-highest cap hit ($6.5 million) on the team, behind Henrik Lundqvist ($8.5 million) and Rick Nash ($7.8 million).

With Stepan signed long-term, the Rangers have two young centers, Stepan and 27-year-old Derick Brassard, under contract for at least the next four years.