Henrik Lundqvist signs wealthy but risky extension

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It took less than five months for Tuukka Rask’s eight-year, $56 million contract to look like a bargain.

On Wednesday, Henrik Lundqvist agreed to a seven-year, $59.5 million extension. Lundqvist’s annual average value will be $8.5 million, fifth-highest in the NHL after Alex Ovechkin, Sidney Crosby, Evgeni Malkin, and Corey Perry. Lundqvist will carry an annual cap hit $1.5 million richer than Rask and Pekka Rinne, now the second-highest-paid goalies in the league.

Rask will be 34 when his deal expires. There’s a good chance Rask’s current contract will not be his last one. Lundqvist will be 39 in 2021, the final season of his new deal.

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