Derick Brassard and the New York Rangers have agreed to terms on a new long-term contract and will avoid arbitration. According to Elliotte Friedman of Hockey Night in Canada and Larry Brooks of the New York Post, the deal will pay $25 million over five years for an annual average of $5 million. Brassard was previously scheduled for an arbitration hearing Monday, which will now be avoided.

The Rangers now have escaped arbitration hearings with each of the three players who filed for it this summer. Brassard joins Chris Kreider and Mats Zuccarello as the three RFAs who secured new deals over the last two weeks outside of the arbitration room. The Rangers have just one more restricted free agent to re-sign on the NHL roster, defenseman John Moore.

Brassard had a strong 2013-14 season with the Rangers, posting 45 points in 81 games. He was a strong performer in the playoffs as well with 12 points in 23 postseason contests as the Rangers made it to the Stanley Cup Final.